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    7.74 Acres On Pennsylvania Rd Romulus, MI 48164

    Sponsored
    For Sale
    $375,000

    Heavy industrial land, I-2 zoning, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7.74-acre commercial land parcel in Romulus, Michigan, presents a significant opportunity for industrial development. Located in Wayne County, with the address of 7.74 Acres on Pennsylvania Road, and a zip code of 48164, this property boasts I-2 Heavy Industrial zoning, allowing for a wide range of uses including manufacturing, assembly, and fabrication. The expansive lot offers ample space for the development of a truck terminal or outdoor storage yard. The property features approximately 1710 feet of direct frontage along Commerce Drive, providing excellent accessibility. Strategically situated approximately 3 miles southwest of Detroit International Airport and approximately 2.1 miles west of I-275, this location offers convenient access to the entire regional expressway system. A key advantage is its adjacency to New Boston Rail Service, enhancing logistical capabilities. The property's APN is 75-017-02-0024-000. Offered at $375,000, this property represents a compelling investment in a thriving industrial area. Don't miss this chance to acquire a substantial land holding with significant development potential.

    Property Features for 0 7.74 Acres On Pennsylvania Rd

    General Information

    Property type
    Land
    Lot Size
    337,154 SF

    HighLights

    • I‑2 Heavy Industrial Zoning, allowing for manufacturing, assembly, and fabrication.
    • Suitable for development as a truck terminal or outdoor storage yard.
    • ±1710 feet of frontage on Commerce Drive.
    • Approximately 3 miles southwest of Detroit Metropolitan Airport (DTW).
    • Approximately 2.1 miles west of I‑275.
    • Excellent access to regional expressways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3932374
    Latitude
    42.1798713

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    FAQs

    What type of property is this?
    Land - Heavy industrial land, I-2 zoning, prime location.
    Where is this land located?
    The property is located at 7.74 Acres On Pennsylvania Rd Romulus, MI.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: I-2 Heavy Industrial Zoning, allowing for manufacturing, assembly, and fabrication.; Suitable for development as a truck terminal or outdoor storage yard.; ±1710 feet of frontage on Commerce Drive.
    (248) 848-4109
    Request Owner's contact information
    7.74 Acres On Pennsylvania Rd Romulus, MI 48164
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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
    7.74 Acres On Pennsylvania Rd Romulus, MI 48164
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