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    32870 Wick Rd Romulus, MI 48174

    Sponsored
    For Sale
    Contact for pricing

    High-traffic retail land near Detroit Metro Airport.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail development opportunity is located in Romulus, Michigan, just off I-94 and across from Detroit Metropolitan Airport, serving nearly 37 million passengers annually. The site boasts a prime location less than 0.6 miles from the I-94 on/off ramp, ensuring high visibility and convenient access for daily commuters. Part of the larger 171-acre Romulus Commerce Park, this development will feature 2,164,000 square feet of Class A industrial space, creating over 1,180 new jobs. This retail parcel offers 30 acres of land allocated for development along Wick Road, providing pad-ready options for a variety of uses, including fast food, automotive services, convenience stores, hotels, and financial institutions. A Royal Farms flagship store is already confirmed for the Romulus Trade Center. The project features a controlled traffic entrance and other site improvements to ensure easy access. Construction began in Q2 2022, with the first three buildings (1 million square feet) slated for completion in Q2 2023. Lot sizes range from 0.5 to 5 acres, providing flexibility for various development needs. This is a unique opportunity to capitalize on the significant growth and high traffic volume in this rapidly developing area.

    Property Features for 32870 Wick Rd

    General Information

    Property type
    Land
    Lot Size
    21,780 SF

    HighLights

    • Highway service retail development opportunity near I‑94 in Romulus, MI, across from Detroit Metropolitan Airport (36.8 million annual passengers).
    • Less than 0.6 miles from the I‑94 on/off ramp, providing excellent access for commuters.
    • Part of the 171‑acre Romulus Commerce Park, featuring 2,164,000 square feet of Class A industrial space and creating 1,180 new jobs.
    • Will include a Royal Farms flagship store.
    • 30 acres of pad‑ready retail lots available along Wick Road for fast food, automotive, convenience stores, hotels, and financial institutions.
    • Construction started Q2 2022, with 1 million square feet completed by Q2 2023.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3603927
    Latitude
    42.2381131

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    FAQs

    What type of property is this?
    Land - High-traffic retail land near Detroit Metro Airport.
    Where is this land located?
    The property is located at 32870 Wick Rd Romulus, MI.
    What are key features of this property?
    This property features: Highway service retail development opportunity near I-94 in Romulus, MI, across from Detroit Metropolitan Airport (36.8 million annual passengers).; Less than 0.6 miles from the I-94 on/off ramp, providing excellent access for commuters.; Part of the 171-acre Romulus Commerce Park, featuring 2,164,000 square feet of Class A industrial space and creating 1,180 new jobs.
    Request Owner's contact information
    32870 Wick Rd Romulus, MI 48174
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    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
    32870 Wick Rd Romulus, MI 48174
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