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    6492 Wayne Rd Romulus, MI 48174

    For Sale
    $400,000

    Historic building, fully equipped, move-in ready. Near airport.

    Property size:
    4,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 4,800 square foot industrial property, located at 6492 WAYNE in Romulus, MI, presents a unique investment opportunity. The two-story building boasts approximately 2,400 square feet per floor. The ground floor is fully equipped and move-in ready, featuring a complete bar and kitchen, ample seating, a stage for live music, a private office, a high-quality sound system, televisions, and a security system. The upper floor is currently unfinished, offering significant potential for expansion or customization. Situated on a 0.44-acre lot, this property enjoys a prime location near the airport and surrounding businesses, ensuring high visibility and accessibility. The asking price is $400,000. A liquor license is available for an additional cost. The sale is "as is," with the seller making no repairs. The buyer is responsible for any necessary city inspections. All measurements are approximate. Land contracts and leases are not accepted. Proof of funds or pre-approval is required for showings.

    Property Features for 6492 Wayne Rd

    General Information

    Property type
    Industrial properties
    Square Feet
    4,800 SF
    Lot Size
    19,166 SF

    Building Details

    Year Built
    1919
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.39033
    Latitude
    42.25763

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    FAQs

    What type of property is this?
    Industrial property - Historic building, fully equipped, move-in ready. Near airport.
    Where is this industrial property located?
    The property is located at 6492 Wayne Rd Romulus, MI.
    What is the asking price?
    The asking price for this property is $400,000.
    (734) 722-3338
    Request Owner's contact information
    6492 Wayne Rd Romulus, MI 48174
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6492 Wayne Rd Romulus, MI 48174
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