Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    42.251794 -83.386105 Romulus, MI 48174

    Sponsored
    For Sale
    $599,000

    Prime 3.94-acre commercial lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This 3.94-acre commercial land parcel in Romulus, MI, presents a significant development opportunity. Located at the hard corner of Ecorse Road and Wayne Road, it boasts 442 feet of frontage on Ecorse Road and 287 feet on Wayne Road, ensuring high visibility and accessibility. With a daily traffic count of 6,464 vehicles on Ecorse Road and 12,388 vehicles on Wayne Road, this location offers exceptional exposure. Currently zoned C-1 for local business, the property's zoning may allow for alternative uses. The site benefits from its proximity to major highways I-275 and I-94, the Detroit Metropolitan Wayne County Airport, the GM Romulus Powertrain Plant, and two Amazon fulfillment centers. The surrounding area demonstrates strong demographics, including over 229,000 people, 5,766 businesses, and an average income of $77,000 within a 5-mile radius. Numerous national retailers are also nearby. The asking price is $599,000, representing a compelling investment opportunity in a thriving commercial area. The City of Romulus actively supports entrepreneurial growth and economic development, further enhancing the property's potential. This fee simple ownership offers significant upside for developers seeking a strategic location with high visibility and strong market fundamentals. The property is located in Wayne County, MI, zip code 48174.

    Property Features for 0 42.251794 -83.386105

    General Information

    Property type
    Land
    Lot Size
    171,626 SF

    HighLights

    • 3.94‑acre commercial land parcel in Romulus, MI, at the hard corner of Ecorse Road and Wayne Road.
    • High visibility with 442 ft of frontage on Ecorse Road (6,464 VPD) and 287 ft on Wayne Road (12,388 VPD).
    • C‑1 zoning, with potential for rezoning. Low holding costs during development.
    • Strong demographics: 229,000+ population, 5,766 businesses, $77,000 average income within a 5‑mile radius.
    • Excellent location near I‑275, I‑94, Detroit Metro Airport, GM Romulus Powertrain Plant, and two Amazon fulfillment centers. Numerous national retailers nearby.
    • Asking price: $599,000. City of Romulus supports entrepreneurial growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3966271
    Latitude
    42.22225

    Nearby Similar for Sale

    • $399,000
      2,604 SF

      Commercial Building in Romulus, MI

      Commercial building with showroom, office, and warehouse space for sale.
      36050 Goddard Rd, Romulus, MI 48174
      View Details
    • $134,900
      Pending

      Remodeled Industrial Space Near Airport

      Remodeled industrial space in Romulus, near I-94 and Detroit Metro Airport.
      6921 Middlebelt Rd, Romulus, MI 48174
      View Details
    • New
      $2,990,000
      5,000 SF

      Romulus Golf Course and Restaurant

      117-acre Romulus property with golf course, clubhouse, and restaurant.
      20820 Inkster Rd, Romulus, MI 48174
      View Details
    • New
      $2,990,000
      117.74 Acres

      Romulus Land with Golf Course

      117-acre property with golf course, clubhouse, restaurant, and residential lots.
      20820 Inkster Rd, Romulus, MI 48174
      View Details
    • $299,900
      3,838 SF

      Thriving Child Care Business Opportunity

      Turn-key child care business and real estate for sale.
      27975 Eureka Rd, Romulus, MI 48174
      View Details
    • Contact for pricing

      Marriott Detroit Metro Airport Hotel

      249-room hotel near Detroit Metro Airport available for sale.
      30559 Flynn Dr, Romulus, MI 48174
      View Details
    • $825,000
      2,761 SF

      Romulus Industrial Property with Truck Bays

      2,761 SF building with drive-thru bays on 1.47 acres.
      12750 S Huron Riv Dr, Romulus, MI
      View Details
    • $700,000

      Commercial Building on Goddard Road

      Commercial building suitable for various business operations with ample parking.
      36521 Goddard Rd, Romulus, MI 48174
      View Details
    • $499,995

      Commercial Building on Fenced Acre

      2,400 SF building on 1-acre lot, ideal for various uses.
      19357 Telegraph Rd, Romulus, MI 48174
      View Details
    • $600,000

      Romulus Medical/Dental Investment Opportunity

      2,900 SF modern building, long-term tenants, convenient location.
      37235 Goddard Rd, Romulus, MI 48174
      View Details
    • $2,800,000
      11,205 SF

      Romulus Truck Yard For Sale

      4.5 acre truck yard with paved and gravel parking.
      6532 Beverly Plz, Romulus, MI 48174
      View Details
    • $65,000
      0.07 Acres

      Commercial Property in Romulus, MI

      Commercial property for sale in Romulus, Michigan.
      37135 Goddard St, Romulus, MI 48174
      View Details

    FAQs

    What type of property is this?
    Land - Prime 3.94-acre commercial lot
    Where is this land located?
    The property is located at 42.251794 -83.386105 Romulus, MI.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: 3.94-acre commercial land parcel in Romulus, MI, at the hard corner of Ecorse Road and Wayne Road.; High visibility with 442 ft of frontage on Ecorse Road (6,464 VPD) and 287 ft on Wayne Road (12,388 VPD).; C-1 zoning, with potential for rezoning. Low holding costs during development.
    (248) 226-1610
    Request Owner's contact information
    42.251794 -83.386105 Romulus, MI 48174
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    42.251794 -83.386105
    Romulus, MI 48174
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    42.251794 -83.386105 Romulus, MI 48174
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.