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Prime Development Site in Suburban Detroit 7420 N Wayne Rd 2.26 Acres of Commercial Land Online Auction Sale Westland, MI 48185
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- 2.26-Acre development site with flexible CCD zoning, allowing a wide variety of new retail, residential, office, or community-oriented projects.
- Vibrant trade area with a high concentration of household-name retail brands (Kohl's, Best Buy, Target, etc) neighboring an existing shopping center.
- Neighboring the Nankin Square $12M development & next to the Westland Shopping Mall, identified as a special planning area for higher acuity projects.
- Easily accessible location, sitting just minutes from both Interstate 275 (170k VPD) and Interstate 96 (165k VPD), just 23mi from Downtown Detroit.
- Supported by a 3-mile population of more than 101,400, a workforce of over 114,000, and average household income of $82,824.
- Absolute auction | Starting bid $1.
EXECUTIVE SUMMARY
Take advantage of this rare opportunity to join the primary trade area of Westland, Michigan, with this versatile development site at 7420 N Wayne Road.
Spanning 2.26 acres of raw land, the lot has flexible city center district (CCD) zoning, permitting a wide range of development options. The site’s zoning and well-connected location make this a perfect opportunity for the creation of new townhouses, childcare centers, fitness centers, medical buildings, professional offices, data centers, salons, restaurants, retailers, veterinary clinics, and much more.
Situated in a vibrant hub of suburban Detroit, 7420 N Wayne Road benefits from a position neighboring an established shopping center with retailers such as Kohl's, JC Penny, Target, Harbor Freight, and Dollar General. The surrounding area is home to a high concentration of additional household name brands such as Meijer, Loew's, Costco, Walmart Supercenter, and more. The site is easily accessible, sitting just minutes from both Interstate 275 and Interstate 96, providing seamless connectivity to the greater metropolitan area.
Supporting new developments at the property, Westland offers a compelling demographic profile within 3 miles of 7420 N Wayne Road. The area’s population exceeds 101,400, with an added daytime workforce of 114,000. Locals have an average household income of more than $82,000 and contributed over $3.2 billion in consumer spending in 2024. This delivers developments at the site with an affluent potential customer/client base, as well as a dependable workforce pipeline of qualified new talent.
Property listed by Kurt Kunst with NAI Wisinski of West Michigan - MI License # 6506038513.
Spanning 2.26 acres of raw land, the lot has flexible city center district (CCD) zoning, permitting a wide range of development options. The site’s zoning and well-connected location make this a perfect opportunity for the creation of new townhouses, childcare centers, fitness centers, medical buildings, professional offices, data centers, salons, restaurants, retailers, veterinary clinics, and much more.
Situated in a vibrant hub of suburban Detroit, 7420 N Wayne Road benefits from a position neighboring an established shopping center with retailers such as Kohl's, JC Penny, Target, Harbor Freight, and Dollar General. The surrounding area is home to a high concentration of additional household name brands such as Meijer, Loew's, Costco, Walmart Supercenter, and more. The site is easily accessible, sitting just minutes from both Interstate 275 and Interstate 96, providing seamless connectivity to the greater metropolitan area.
Supporting new developments at the property, Westland offers a compelling demographic profile within 3 miles of 7420 N Wayne Road. The area’s population exceeds 101,400, with an added daytime workforce of 114,000. Locals have an average household income of more than $82,000 and contributed over $3.2 billion in consumer spending in 2024. This delivers developments at the site with an affluent potential customer/client base, as well as a dependable workforce pipeline of qualified new talent.
Property listed by Kurt Kunst with NAI Wisinski of West Michigan - MI License # 6506038513.
MATTERPORT 3D TOUR
3D Exterior
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 2.26 AC |
| Property Subtype | Commercial | Sale Condition | Auction Sale |
| Sale Type | Investment | Type of Ownership | Fee Simple |
| Zoning | CCD - City Center District | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Sale Type | Investment |
| Total Lot Size | 2.26 AC |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Zoning | CCD - City Center District |
1 LOT AVAILABLE
Lot
| Lot Size | 2.26 AC | Parcel Number | 56-015-03-0001-002 |
| Lot Size | 2.26 AC |
| Parcel Number | 56-015-03-0001-002 |
SALE ADVISORS
SALE ADVISORS
Justin Smith, Head of Capital Markets
Justin is the Head of Capital Markets for Atlantic Capital Partners, where he is responsible for overseeing all transactional activity for the firm. In addition to managing and expanding the Capital Markets platform for Atlantic, Justin also provides advisory services throughout the northeast. Responsible for coordinating retail investment sales throughout the country, he’s been involved with the sale over $3.5B in transactions. Prior to joining Atlantic, he was a Senior Managing Director at Newmark where he was on a team that consistently served as the top retail investment sales group in New England. An active industry leader, he is a member of the Urban Land Institute (ULI), International Council of Shopping Centers (ICSC), Real Estate Finance Association (REFA) and NAIOP.
Outside of the office, Justin currently serves as the Chairman of the Advisory Board that oversees the NICU and Woman’s Health Departments at Brigham and Women’s Hospital. He also serves on the advisory board of The Real Estate Council of Boston College and the Friends of Colby Football board. Justin earned a Master of Business Administration degree from Boston College’s Wallace E. Carroll Graduate School of Management and a Bachelor of Arts degree in economics from Colby College. He resides in Dedham, Massachusetts, with his wife Colette, who is a middle school administrator at Noble and Greenough School, along with their twin boys.olby College.
Outside of the office, Justin currently serves as the Chairman of the Advisory Board that oversees the NICU and Woman’s Health Departments at Brigham and Women’s Hospital. He also serves on the advisory board of The Real Estate Council of Boston College and the Friends of Colby Football board. Justin earned a Master of Business Administration degree from Boston College’s Wallace E. Carroll Graduate School of Management and a Bachelor of Arts degree in economics from Colby College. He resides in Dedham, Massachusetts, with his wife Colette, who is a middle school administrator at Noble and Greenough School, along with their twin boys.olby College.
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AUCTION CONTACT
Taylor Cunningham
Contact
Auctioneer License:
Ten-X, LLC Arlene Richardson RE Brkr 6505431586
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MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Prime Development Site in Suburban Detroit | 7420 N Wayne Rd
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