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    00000 Northline Rd Romulus, MI 48174

    For Sale
    $65,000

    1.11-acre lot, light industrial zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.11-acre commercial and industrial land parcel presents a compelling investment opportunity in Romulus, Michigan. Located at 00000 Northline, this property boasts a prime location with 208 feet of frontage on Northline Road, a paved street providing excellent accessibility. The parcel is zoned for light industrial use, opening up a wide range of development possibilities for prospective buyers. With its convenient location in Wayne County and a readily available infrastructure, this site is ideal for various commercial and industrial ventures. The property's size and zoning make it suitable for a variety of uses, from small-scale warehousing and distribution to light manufacturing or other compatible businesses. The asking price is $65,000. The Assessor's Parcel Number (APN) is 80076990024000. This is a privately owned property, not a short sale. This is a rare opportunity to acquire a well-situated parcel in a thriving area, offering significant potential for future growth and return on investment. The property is conveniently located in the 48174 zip code.

    Property Features for 00000 Northline Rd

    General Information

    Property type
    Land
    Lot Size
    48,352 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Pharmacy Gym & Fitness Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3966271
    Latitude
    42.22225

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    FAQs

    What type of property is this?
    Land - 1.11-acre lot, light industrial zoning.
    Where is this land located?
    The property is located at 00000 Northline Rd Romulus, MI.
    What is the asking price?
    The asking price for this property is $65,000.
    Request Owner's contact information
    00000 Northline 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
    00000 Northline Rd Romulus, MI 48174
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