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    Ecorse Rd Romulus, MI 48174

    Sponsored
    For Sale
    $4,000,000

    Prime Development Land, Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 77.17-acre commercial land parcel presents a remarkable investment opportunity in Romulus, Michigan. Located on Ecorse Road in Wayne County, this expansive property boasts convenient access to major freeways and the airport, making it an ideal site for various development projects. The land is zoned R1-A and C-2, offering flexibility for a range of uses. On-site sanitary sewer and water infrastructure are already in place, significantly reducing development costs and timelines. The asking price is $4,000,000, translating to $51,833.61 per acre. With its substantial size, strategic location, and existing utilities, this property is poised for significant appreciation and offers substantial potential for future returns. The property's APN is 80-011-99-000-6704. This large tract is ready for immediate development, presenting a unique chance to capitalize on the robust growth potential of the Romulus area. The property's location in the 48174 zip code provides easy access to a thriving regional economy and a strong transportation network. Don't miss this opportunity to acquire a significant land holding in a prime location.

    Property Features for 0 Ecorse Rd

    General Information

    Property type
    Land
    Lot Size
    3,361,525 SF

    HighLights

    • 77.17‑acre land parcel available for development.
    • R1‑A and C‑2 zoning.
    • On‑site water and sewer.
    • Ready for immediate development.
    • Excellent freeway and airport access.
    • $4,000,000 asking price ($51,833.61/acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3465656
    Latitude
    42.2528949

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    FAQs

    What type of property is this?
    Land - Prime Development Land, Excellent Location
    Where is this land located?
    The property is located at Ecorse Rd Romulus, MI.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: 77.17-acre land parcel available for development.; R1-A and C-2 zoning.; On-site water and sewer.
    (248) 359-0647
    Request Owner's contact information
    Ecorse 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
    Ecorse Rd Romulus, MI 48174
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