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    36521 Goddard St Romulus, MI 48174

    For Sale
    $900,000

    14,890 SF Industrial Building, High Visibility

    Property size:
    14,890 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 14,890-square-foot industrial property, situated on a 0.57-acre lot at 36521 Goddard Road in Romulus, MI, presents a remarkable investment opportunity. Boasting excellent visibility and frontage on Goddard Road in downtown Romulus, this standalone building offers immediate occupancy and a multitude of potential uses. Envision it as a grocery store, fitness center, mini-storage facility, wholesale warehouse, medical center, call center, collision repair shop, or car dealership – the possibilities are vast. The property includes ample rear storage and extensive parking. The building features a newer flat roof (installed in 2024), ensuring energy efficiency through full insulation. The electrical system is in great condition, and a commercial shutter door provides convenient access to the storage area. The exterior, including the brickwork and parking lot, is exceptionally well-maintained. The asking price reflects potential interior updates a buyer may choose to undertake. The seller is prepared to consider all offers. This is a turnkey property ready for its next chapter.

    Property Features for 36521 Goddard St

    General Information

    Property type
    Industrial properties
    Square Feet
    14,890 SF
    Lot Size
    24,829 SF

    Building Details

    Year Built
    1919
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.39658
    Latitude
    42.22168

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    FAQs

    What type of property is this?
    Industrial property - 14,890 SF Industrial Building, High Visibility
    Where is this industrial property located?
    The property is located at 36521 Goddard St Romulus, MI.
    What is the asking price?
    The asking price for this property is $900,000.
    (586) 779-1000
    Request Owner's contact information
    36521 Goddard St Romulus, MI 48174
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    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
    36521 Goddard St Romulus, MI 48174
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