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    Sec Ecorse & Hannan Romulus, MI 48184

    For Sale
    $595,000

    High-traffic corner lot, ideal for retail development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial land parcel, located at the southeast corner of Ecorse and Hannan Roads in Romulus, MI (zip code 48184), presents a unique investment opportunity. The property is zoned C3, Highway Business, and offers a "pad ready" site capable of accommodating a 2,400 square foot building, along with the potential for up to 16,000 square feet of in-line retail space, including a drive-thru end-cap. A drive-up ATM is already approved. This prime location boasts excellent visibility and accessibility, situated less than half a mile from I-275, a major thoroughfare. The site benefits from a signalized hard corner, ensuring high traffic exposure. The surrounding area is experiencing significant growth, with a new 850,000 square foot Amazon distribution center nearby and the upcoming Our Next Energy (ONE) Battery Cell Plant, projected to create over 2,000 new jobs in 2023. This development will further enhance the area's economic vitality and increase the daytime population within a 5-mile radius to approximately 50,000. The property's proximity to established businesses such as a busy gas station/convenience store, Tim Hortons, and Tubby's, creates a synergistic environment for new retail ventures. The asking price for this exceptional opportunity is $595,000.

    Property Features for 0 Sec Ecorse & Hannan

    General Information

    Property type
    Land

    HighLights

    • Excellent access to I‑275.
    • Signalized hard corner intersection.
    • Pad‑ready site for a 2,400 SF building.
    • Potential for up to 16,000 SF of retail space with drive‑thru end‑cap.
    • Approved drive‑up ATM.
    • 5‑mile radius daytime population of approximately 50,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.425355286464
    Latitude
    42.249288310741

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, ideal for retail development.
    Where is this land located?
    The property is located at Sec Ecorse & Hannan Romulus, MI.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Excellent access to I-275.; Signalized hard corner intersection.; Pad-ready site for a 2,400 SF building.
    Request Owner's contact information
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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
    Sec Ecorse & Hannan Romulus, MI 48184
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