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    Romeo, MI
    Hospitality

    Romeo, MI Hospitality Properties for Sale

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    Bruce, MI Washington, MI Armada, MI Ray Twp, MI Bruce Township, MI Leonard, MI Rochester, MI Addison Township, MI
    Victorian Bed and Breakfast with Elevator
    Updated: Jan 30
    Victorian Bed and Breakfast with Elevator

    185 S Main Street, Romeo, MI 48065

    $649,000
    5,539 sqft 0.52 AC lot
    Elevator in a Victorian bed and breakfast built in 1877
    Off‑street parking in the rear plus a three car garage
    Village zoning allows for bed and breakfast, office space, B & B, or residential use
    Five full baths and two powder rooms
    0.52‑acre property with forced air heat, shingle roof, and basement
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    This listing looks promising.

    Here's a quick look at some key insights for

    185 S Main Street, Romeo, MI 48065

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    • Est. Cap Rate

      3.3%
      NOI ÷ price

    • Est. NOI

      $21K
      Annual

    • Price @ 7% Cap

      $304K
      Suggested

    • Property Type

      Single Family Residence
      Built 1900
    View Property Analytics
    Victorian Mixed-Use Building
    Updated: Jan 30
    Victorian Mixed-Use Building

    185 S Main Street, Romeo, MI 48065

    $649,000
    Victorian home built in 1877 with an on‑site elevator
    Five full baths plus two powder rooms
    Three‑car garage and loads of off‑street parking in the rear of the property
    Extensive updates listed include windows, baths, electrical, and kitchen, with some original hardwood floors refinished
    Village zoning allows for many uses, including potential for bed and breakfast, office space, and residential
    View details
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 2 Active listings in Romeo, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Warren Multifaceted Investment Opportunity
    Warren Multifaceted Investment Opportunity

    28710 VAN DYKE Ave, Warren, MI 48093

    $2,200,000
    1.00 AC lot

    20-unit motel, house, restaurant, and apartment complex for sale.

    View details
    King Richard Motel Investment Opportunity
    King Richard Motel Investment Opportunity

    32490 VAN DYKE Ave, Warren, MI 48093

    $1,600,000
    0.63 AC lot

    Renovated 19-unit motel with high visibility and income potential.

    View details
    Operating Inn and Palace House
    Operating Inn and Palace House

    22755 GRAND RIVER Avenue, Detroit, MI 48219

    $624,999
    8,019 sqft 0.41 AC lot

    Unique investment opportunity with multiple income streams in Detroit.

    View details
    Detroit Motel For Sale
    Detroit Motel For Sale

    20500 James Couzens Fwy, Detroit, MI 48235

    Contact for pricing
    34,065 sqft

    101-room motel on prime real estate in Detroit.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land Parcel with Lakeshore Frontage
    Commercial Land Parcel with Lakeshore Frontage

    5745 Lakeshore Dr. Avenue, Fort Gratiot, MI 48059

    $325,000
    3.60 AC lot

    Commercially zoned land offering 250 feet of frontage on Lakeshore Dr. (M25).

    View details
    Prime Corner Commercial Land Available
    Prime Corner Commercial Land Available

    7125 N LILLEY Road, Canton Twp, MI 48187

    $550,000
    0.60 AC lot

    0.60-acre vacant lot on a hard corner in Canton.

    View details
    Development Land Near I-275
    Development Land Near I-275

    Ecorse Service Road, Taylor, MI 48180

    $900,000
    0.62 AC lot

    Prime development opportunity with high visibility and easy freeway access.

    View details
    Romulus Retail Development Opportunity
    Romulus Retail Development Opportunity

    32870 Wick Road |, Romulus, MI 48174

    Contact for pricing
    30.00 AC lot

    Highway service retail development site near Detroit Metropolitan Airport.

    View details

    Off-Market Properties in Romeo, MI

    Consider similar Off-Market properties in Romeo, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    183 Gates St
    MOTEL

    183 Gates St, Romeo, MI 48065-4407

    $280,000
    Estimated value
    3,326 sqft 0.26 AC lot
    View details
    149 St Clair St
    Individual retail properties

    149 St Clair St, Romeo, MI 48065

    Value Estimation by Request
    2,224 sqft
    View details

    Romeo, MI Hospitality Properties Market Trends and Statistics

    Explore 4 hospitality properties for sale in Romeo, MI on our real estate platform. These investment opportunities span a total of 5,539 square feet of properties for sale, with an estimated market value of $1,298,000.

    Sale prices for hospitality properties in Romeo, MI average $649,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bed & breakfasts 2

    Demographics Overview

    Population 11K
    Population Growth (5Y) +1.5%
    Median Household Income $104,348
    College Educated 45.2%

    High-Yield Neighborhoods for Investment

    Identify Romeo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48065 $649K

    Taxes & Financing

    Tax Rate (average for all types) 3.47%
    Property Tax per SF $33.17 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Macomb County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Macomb County

    Retail

    Office

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