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    00 Middlebelt Rd Romulus, MI 48174

    For Sale
    $1,999,900

    40 Acres, High Visibility, Multi-Use Zoning

    Property size:
    100 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 40.26-acre industrial property in Romulus, Michigan, presents a remarkable investment opportunity. Located on a hard corner at the intersection of Middlebelt and Pennsylvania Roads, this site boasts over 1300 feet of combined road frontage, ensuring unparalleled visibility and accessibility. Its strategic location, just one mile from Eureka Road, provides convenient access to major transportation arteries. The property currently holds an R1A zoning designation, but preliminary site plans have already been developed for a mixed-use development. These plans envision approximately 38 acres dedicated to multi-family residential units (apartments or condos), while the remaining 15 acres, situated at the prominent corner, are designated for commercial use. This could include restaurants and a retail strip center, offering a diverse range of development possibilities. The property's infrastructure is further enhanced by the availability of water and sewer services directly at the street. The existing 100 square foot building is a minor component of the overall offering, with the vast majority of the value residing in the expansive land parcel. This is a rare opportunity to acquire a large, strategically located parcel with significant development potential in a rapidly growing area. The property's size, location, and zoning flexibility make it ideal for a variety of large-scale projects. Serious inquiries are encouraged.

    Property Features for 00 Middlebelt Rd

    General Information

    Property type
    Industrial properties
    Square Feet
    100 SF
    Lot Size
    1,753,726 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Spa & Massage Wholesale Shop Hotel & Motel Discount Store Electronics Store Pawn Shop Travel Agency Tech Support Center Cosmetics Store Italian Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.32862
    Latitude
    42.26784

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    FAQs

    What type of property is this?
    Industrial property - 40 Acres, High Visibility, Multi-Use Zoning
    Where is this industrial property located?
    The property is located at 00 Middlebelt Rd Romulus, MI.
    What is the asking price?
    The asking price for this property is $1,999,900.
    (248) 625-9500
    Request Owner's contact information
    00 Middlebelt Rd 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
    00 Middlebelt Rd Romulus, MI 48174
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