Demolition teams started taking down the historic Ford Wixom Assembly Plant on Thursday, as it appears the city finally found a buyer for the deserted property.

The plant, which closed in 2007, is on one of the biggest building sites in Michigan, and already rumors are swirling on who will now be using the available space for business.

During the past five years, there have been plans to move in businesses such as a movie-studio and an energy manufacturing plant, but both of those ideas fell through at the last minute.

The latest rumor now includes a Menards store, and if the deal pulls through the home improvement store could move in to the space within the next couple of years.

The business proposal was confirmed by Wixom Mayor Kevin Hinkley to CBS News. He would not confirm yet that the deal was set in stone. 

Menards has purchased 45-acres of the property, but only a total of 15 acres would be used for the store location. The company said they plan on selling the rest of the property or if no one wants it the land will be leased as retail out lots.

Hinkley met with Ford officials on Wednesday night to discuss the fate of the property before he officially announces the business proposal to the public.

The plant and property are still listed for sale. Ford has been paying $183,000 in property tax to Wixom. This number is down from the $1.46 million total they were paying a decade ago.

Before this rumor came out, the last rumored buyer was a Townsend Energy Solutions plant from Maryland. The company would have been partnering with Dynapower Corp. of Vermont, to build a $238 million plant that would make batteries and charging stations for electric vehicles. Yet again, the deal never went through, leaving the property on the market.  

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