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    29019 Northline Rd Romulus, MI 48174

    Sponsored
    For Sale
    $175,000

    1.77-acre commercial lot, Light Industrial zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 1.77-acre commercial land parcel, located at 29019 Northline Rd, Romulus, MI 48174 (APN 80-098-99-0010-000), presents a unique investment opportunity. Zoned for Light Industrial use, this property offers significant potential for various commercial ventures. The lot boasts convenient main road frontage and is situated just minutes from the Detroit Metropolitan Airport, providing excellent accessibility and visibility. Priced at $175,000 ($98,870 per acre), this largely cleared and flat site measures approximately 165 feet by 470 feet. Its location in Wayne County, Michigan, within the city of Romulus, makes it an attractive option for businesses seeking a strategic location with easy access to major transportation routes and a thriving regional economy. The property's Light Industrial zoning allows for a wide range of potential uses, making it a versatile and valuable asset. This is a rare opportunity to acquire a well-positioned commercial lot in a high-demand area. Don't miss out on this chance to secure your future in a prime location.

    Property Features for 29019 Northline Rd

    General Information

    Property type
    Land
    Lot Size
    77,101 SF

    HighLights

    • 1.77‑acre parcel available for sale.
    • Light industrial zoning.
    • Main road frontage.
    • Conveniently located minutes from Detroit Metropolitan Airport.
    • Mostly cleared and level site.
    • Lot dimensions: 165' x 470'.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Auto Repair Shop Wholesale Shop Kitchen & Bath Department Store Bar & Pub Auto Parts Store Food Market Grocery Store Electronics Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.321632
    Latitude
    42.2096185

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    FAQs

    What type of property is this?
    Land - 1.77-acre commercial lot, Light Industrial zoning.
    Where is this land located?
    The property is located at 29019 Northline Rd Romulus, MI.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: 1.77-acre parcel available for sale.; Light industrial zoning.; Main road frontage.
    (248) 226-1814
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    29019 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
    29019 Northline Rd Romulus, MI 48174
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