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    Middlebelt & Leroy Romulus, MI 48174

    For Sale
    $150,000

    Prime 11-acre residential lot near Detroit Metro Airport.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 11.14-acre parcel of land, located in Romulus, Michigan, presents a unique opportunity for residential development. Situated at the intersection of Middlebelt and Leroy, this property boasts a convenient location with easy access to major roadways and the bustling Detroit Metropolitan Airport (DTW), which sees approximately 11,100 flights daily. The property is zoned R1A-S.F, allowing for various residential construction possibilities. The expansive lot size offers ample space for a variety of projects, from single-family homes to potentially larger-scale residential developments, subject to local planning and zoning approvals. The asking price for this significant land holding is $150,000. The Wayne County Assessor's Parcel Number (APN) is 80-142-99-0019-001. This is a rare chance to acquire a substantial piece of land in a high-demand area with excellent proximity to a major international airport. Serious inquiries are encouraged to explore the potential of this remarkable property. All information is deemed reliable but not guaranteed and should be independently verified.

    Property Features for 0 Middlebelt & Leroy

    General Information

    Property type
    Land
    Lot Size
    485,258 SF

    HighLights

    • ±11.14 Acres of land
    • Zoned R1A‑S.F for residential development
    • $150,000 asking price
    • Prime location near Detroit Metro Airport (DTW), servicing ~11,100 daily flights
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3257287
    Latitude
    42.1882311

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    FAQs

    What type of property is this?
    Land - Prime 11-acre residential lot near Detroit Metro Airport.
    Where is this land located?
    The property is located at Middlebelt & Leroy Romulus, MI.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: ±11.14 Acres of land; Zoned R1A-S.F for residential development; $150,000 asking price
    (248) 894-4300
    Request Owner's contact information
    Middlebelt & Leroy 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
    Middlebelt & Leroy Romulus, MI 48174
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