37376 Glenwood Road, Westland, MI 48186 - retail-commercial property

Detailed information about retail-commercial property which situated in Westland (48186) city, Michigan state on 37376 Glenwood Road.
Newburgh Heights Medical Village sits at the northeast corner of Glenwood and Newburgh Roads in the city of Westland between Palmer Road and Michigan Avenue (M-12) within minutes of I-275, I-94, and I-96. Westland is located in southwest Wayne County approximately 16 miles west of downtown Detroit. Westland is surrounded by the communities of Canton, Wayne, and Livonia, each home to more than 100,000 residents creating a very strong and densely populated trade area.

Additional Information: Newburgh Heights Medical Village is a 20,504 RSF mixed-use retail and medical office center located at 37376 Glenwood Road in Westland, Wayne County, Michigan. The property is being sold As Is/Where Is with an Asking Price of $1,200,000 or $58.53 per SF. This investment opportunity is comprised of a 100% occupied multi-tenant commercial building located in a highly developed residential area along well-traveled roads. The anchor tenant occupies 9,112 RSF, and the 11,392 SF medical office space is fully leased to two tenants. The center was originally constructed in 1965 with expansions in 1979 & 1991. The center enjoys excellent visibility along Newburgh and Glenwood Roads, abundant surface parking (± 5.12 vehicles per 1,000 building SF), and good curb appeal with brick exterior walls and professionally manicured grounds. The 2.54-acre site is ideally located to serve the community in which it is located, positioned within a highly developed and heavily concentrated residential area which provides support of the medical and commercial uses of the property. - Anchor tenant recently executed a 5 year extension - Strong location, sits in highly developed area - Good visibility along well-traveled roads - Excellent value-add opportunity through proactive management - Median household income of $62,315 within a 1-mile radius of the site