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    Eureka Rd Romulus, MI 48174

    Sponsored
    For Sale
    $875,000

    Prime Commercial Land Near Detroit Metro Airport

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 9.66-acre commercial land parcel in Romulus, Michigan, presents a remarkable investment opportunity. Located in Wayne County, at the address of Eureka Rd, zip code 48174, this property is ideally situated for various commercial developments. The asking price is $875,000, translating to $90,579.71 per acre. Existing infrastructure is already in place, including readily available water, gas, and sewer connections, significantly reducing development costs and timelines. The site boasts a strategic location, offering convenient access to Detroit Metro Airport, major freeways, shopping centers, parks, schools, and a golf course, ensuring high visibility and accessibility. Detailed condo plans for the site are available upon acceptance of an offer, providing a solid foundation for multi-family development. This property represents a rare chance to acquire a well-positioned, ready-to-develop commercial land parcel in a thriving area with excellent connectivity and amenities. The latitude and longitude coordinates are 42.195547, -83.3248211 respectively. Don't miss this chance to secure a prime piece of commercial real estate in a high-demand location.

    Property Features for 0 Eureka Rd

    General Information

    Property type
    Land
    Lot Size
    420,790 SF

    HighLights

    • 9.66‑acre parcel available for development.
    • Excellent multi‑family development opportunity.
    • Existing condo plans available upon contract execution.
    • Utilities (water, gas, sewer) readily accessible.
    • Convenient location near Detroit Metro Airport, major freeways, shopping, parks, schools, and a golf course.
    • Offered at $875,000 ($90,579.71 per acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3248211
    Latitude
    42.195547

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land Near Detroit Metro Airport
    Where is this land located?
    The property is located at Eureka Rd Romulus, MI.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: 9.66-acre parcel available for development.; Excellent multi-family development opportunity.; Existing condo plans available upon contract execution.
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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
    Eureka Rd Romulus, MI 48174
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