Office Space
33300 Warren Road Westland, MI 48185
Details & Description
Price: $640,000
    DescriptionWestland Office Center is a well-performing office investment ready to move up to the next level for a new owner. Recent capital improvements include a new parking lot, new vinyl insulated windows, new siding, and landscaping. Each building has a full basement for mechanical systems, storage, and easy utility access. The west building was formerly the Court House and the two holding cells in the basement are now used for storage.Most tenants are long-standing occupants and the rents have not increased simply because the owners have not asked. Westland Office Center is one of the only choices for multi-tenant office space in this area of Wayne County. Details of Income/Expenses available for qualified investors.Highlights9.4 Cap RateNew windows, siding, and shingles$40 per square foot100% occupiedBelow market rental rates
    Property ID:    197386
    Property URL: melqr.com/197386
    Generated:    04-24-24
    Listing Agents
    Dan Blugerman

    O: 248-987-5418
    M: 248-701-9001
    dan@pacommercial.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Office Space / Michigan / Westland / 48185 / 33300 Warren Road

    33300 Warren Road

    Westland, MI 48185

    No Longer Listed
    33300 Warren Road Westland, MI 48185 | for Sale | Photo 1
    Price
    $ /mo
    Description

    Description

    Westland Office Center is a well-performing office investment ready to move up to the next level for a new owner. Recent capital improvements include a new parking lot, new vinyl insulated windows, new siding, and landscaping. Each building has a full basement for mechanical systems, storage, and easy utility access. The west building was formerly the Court House and the two holding cells in the basement are now used for storage.

    Most tenants are long-standing occupants and the rents have not increased simply because the owners have not asked. Westland Office Center is one of the only choices for multi-tenant office space in this area of Wayne County. Details of Income/Expenses available for qualified investors.

    Highlights

    9.4 Cap Rate

    New windows, siding, and shingles

    $40 per square foot

    100% occupied

    Below market rental rates

    Westland Area Market Trends

    Listing Demographics for 33300 Warren Road Westland, MI 48185

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population12,473106,834279,121
    Population Median Age434140
    Population by Age0-9 Yrs1099 (8%)12211 (11%)32217 (11%)
    10-19 Yrs1229 (9%)10765 (10%)33036 (11%)
    20-29 Yrs1735 (13%)14823 (13%)38256 (13%)
    30-39 Yrs1332 (10%)14104 (13%)35787 (12%)
    40-49 Yrs1652 (13%)13194 (12%)34423 (12%)
    50-59 Yrs1857 (14%)16469 (15%)40926 (14%)
    60-69 Yrs1704 (13%)12490 (11%)33339 (11%)
    70+ Yrs1866 (14%)12778 (11%)31137 (11%)
    Median HH Income$49,761$53,560$55,844
    Total Household Income< 24K1305 (22%)9020 (19%)22161 (19%)
    25-49K1591 (27%)12259 (26%)27965 (25%)
    50-74K883 (15%)8785 (19%)21648 (19%)
    75-99K973 (16%)6454 (14%)15537 (13%)
    100-199K902 (15%)7935 (17%)21200 (18%)
    200K+104 (1%)959 (2%)3079 (2%)
    Highest Education LevelNo Diploma716705918392
    Diploma or GED31902489359299
    Some College21712052149582
    Assoc. Degree1146786318876
    Bachelors Degree15911185933000
    Higher Degree378497616696
    Total Housing Units6,02448,134119,178
    --Owner-Occupied3,72730,87676,209
    --Renter-Occupied2,03114,53635,382
    Owner-Occupied Values< 100K8511071125014
    100-199K26611734036581
    200-299K182234212029
    300-399K153401797
    400-499K047257
    500K+1996530
    Total Working Age Population10,63388,383227,198
    In Work Force6,81157,123143,757
    Not In Work Force3,82231,25983,441
    Workforce Employed6,50754,245134,951
    Workforce Unemployed3042,8798,768
    Civlian Workforce6,81157,123143,719
    Military Workforce0038
    Total Households5,75845,412111,591
    Family Households3,07426,37669,514
    Non-Family Households2,68419,03742,077
    Married Couple2,31918,58148,356
    Other Family7557,79421,158
    Married w/Child7446,79517,986
    Single Male w/Child797862,412
    Single Female w/Child2652,4907,436

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Michigan9,938,444-19,883,640+110,023,423+410,424,510
    Wayne County2,061,162-121,820,584-41,741,463-11,730,000

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 33300 Warren Road in Westland?
    The asking price for 33300 Warren Road is $640,000
    What is the building size of this Office property in Westland, MI?
    The size of the building/unit at 33300 Warren Road in Westland is 15,900 square feet
    How much land does the Westland, MI property at 33300 Warren Road include?
    33300 Warren Road in Westland includes 1.550 acres of land
    What kind of Office is the propery at 33300 Warren Road?
    The property at 33300 Warren Road Westland, MI 48185 is listed as a Professional Office property
    What is the population within 1 mile of 33300 Warren Road in Westland?
    The population within 1 mile of 33300 Warren Road Westland, MI 48185 is 12,473 people.
    Who do I contact for questions about 33300 Warren Road?
    You should contact the listing agent, Dan Blugerman, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Detroit Metropolitan Wayne County Airport (DTW) 9
    Toledo Express Airport (TOL) 57
    MBS International Airport (MBS) 90
    --
    No Longer Listed
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