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    Sec Of Ecorse & Hannan Romulus, MI 48184

    For Lease
    $18 SF/Yr

    16,000 SF Retail Space, For Sale/Lease

    Lot size:
    16,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail opportunity in Romulus, MI, presents 16,000 square feet of in-line retail space, including a drive-thru end-cap. The property is ideally situated at the southeast corner of Ecorse and Hannan Roads, less than half a mile from I-275, ensuring high visibility and convenient access. The site boasts a desirable location adjacent to a busy gas station/convenience store, Tim Horton's, and Tubby's, creating strong synergy and attracting significant foot traffic. Further enhancing its appeal, a drive-up ATM is already approved, and a "pad ready" site is available, capable of accommodating an additional 2,400 square feet of development. The minimum divisible space is 2,400 square feet, offering flexibility for various business needs. The property is zoned C3, Highway Business, and located in Wayne County. This prime location benefits from the proximity of a new, large Amazon distribution center and the upcoming Our Next Energy Battery Cell Plant, both contributing to significant economic growth and increased population in the area. This presents a unique chance to capitalize on a thriving market and establish a successful business in a high-traffic location. The property is available for both sale and lease.

    Property Features for 0 Sec Of Ecorse & Hannan

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,000 SF
    Total Rate
    24000

    Unit(s) available at that property

    Space
    Parcel B - Inline Retail
    Size
    16,000 SF
    Rate per SF
    $18
    Space
    Parcel C - Pad Ready Site
    Size
    2,400 SF

    HighLights

    • Excellent I‑275 access.
    • Signalized hard corner lot.
    • Pad‑ready site for a 2,400 SF building.
    • Up to 16,000 SF of retail space available, including a drive‑thru endcap.
    • Drive‑up ATM space available.
    • 50,000 daytime population within a 5‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.425332560646
    Latitude
    42.24861034403

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    FAQs

    What type of property is this?
    Neighborhood center - 16,000 SF Retail Space, For Sale/Lease
    Where is this neighborhood center located?
    The property is located at Sec Of Ecorse & Hannan Romulus, MI.
    What is the lease rate?
    The lease rate is $0.00-$18 SF/Yr.
    What are key features of this property?
    This property features: Excellent I-275 access.; Signalized hard corner lot.; Pad-ready site for a 2,400 SF building.
    Request Owner's contact information
    Sec Of Ecorse & Hannan Romulus, MI 48184
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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 Of Ecorse & Hannan Romulus, MI 48184
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