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    Merriman Rd Romulus, MI 48174

    Sponsored
    For Sale
    $1,500,000

    Prime 20-acre development site, ideal for residential building.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20-acre parcel, located on Merriman Road in Romulus, Michigan, presents a remarkable opportunity for residential development. The property, identified by APN 80-139-99-0001-000, is zoned Single Family Residential (R1A), allowing for the construction of single-family homes. Its flat topography simplifies development, minimizing site preparation costs and accelerating project timelines. The land's advantageous location immediately south of the Metro Airport offers convenient access to major transportation arteries and the amenities of a thriving metropolitan area. With a total area of 20 acres, this expansive site provides ample space for a substantial residential project. The asking price for this prime development opportunity is $1,500,000. The property's Wayne County address and 48174 zip code further highlight its strategic location within the Romulus community. This is a rare chance to acquire a large, ready-to-develop residential tract in a high-demand area. Serious inquiries are encouraged.

    Property Features for 0 Merriman Rd

    General Information

    Property type
    Land
    Lot Size
    871,200 SF

    HighLights

    • Prime 20‑acre development site on Merriman Road in Romulus, MI.
    • Ready‑to‑develop flat parcel.
    • Single‑Family Residential (R1A) zoning.
    • Excellent location south of Detroit Metro Airport.
    • Asking price: $1,500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3477963
    Latitude
    42.2538257

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    FAQs

    What type of property is this?
    Land - Prime 20-acre development site, ideal for residential building.
    Where is this land located?
    The property is located at Merriman Rd Romulus, MI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Prime 20-acre development site on Merriman Road in Romulus, MI.; Ready-to-develop flat parcel.; Single-Family Residential (R1A) zoning.
    (248) 226-1887
    Request Owner's contact information
    Merriman 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
    Merriman Rd Romulus, MI 48174
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