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    0.48 Acres Van Born Rd Romulus, MI 48186

    For Sale
    $30,000

    0.48 Acres, Zoned Commercial, $30,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 0.48-acre commercial land parcel presents a remarkable investment opportunity in Westland, Michigan. Ideally situated on Van Born Road in Wayne County, this property boasts excellent visibility and accessibility due to its main road frontage. The lot dimensions measure 75 feet by 285 feet, providing ample space for a variety of commercial developments. Zoned Commercial (CB-3), this site offers significant potential for entrepreneurs and businesses seeking a strategic location. Its proximity to the Detroit Metropolitan Airport further enhances its appeal, providing convenient access to regional and national transportation networks. The asking price for this prime commercial land is $30,000, representing a compelling value proposition in a thriving market. The property's location is easily accessible via the intersection of Van Born Road and Middlebelt Road, offering convenient access for both employees and customers. This is a rare opportunity to acquire a well-positioned commercial lot in a high-traffic area with significant development potential. The property is located in the 48186 zip code. Don't miss this chance to secure a piece of Westland's vibrant commercial landscape.

    Property Features for 0 0.48 Acres Van Born Rd

    General Information

    Property type
    Land
    Lot Size
    20,909 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3436997
    Latitude
    42.2675408

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    FAQs

    What type of property is this?
    Land - 0.48 Acres, Zoned Commercial, $30,000
    Where is this land located?
    The property is located at 0.48 Acres Van Born Rd Romulus, MI.
    What is the asking price?
    The asking price for this property is $30,000.
    (248) 226-1814
    Request Owner's contact information
    0.48 Acres Van Born Rd Romulus, MI 48186
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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
    0.48 Acres Van Born Rd Romulus, MI 48186
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