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    9234 Wayne Rd Romulus, MI 48174

    For Sale
    Contact for pricing

    2.24 Acres, C-3 & C-2 Zoning, I-94 Proximity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 2.24-acre commercial land parcel presents a prime investment opportunity in Romulus, Michigan. Strategically located at the southwest corner of Wayne Road and Wick Road, this high-visibility site benefits from its proximity to I-94, ensuring significant traffic exposure. The property comprises three combined parcels (APN: 80-065-99-0001-001, 80-065-99-0004-001, 80-065-99-0005-001), offering flexibility for development. Zoned C-3 Highway Service and C-2 General Business, the land is ideally suited for a variety of commercial uses, including drive-thru restaurants, coffee shops, oil change facilities, and potentially a large retail or grocery store up to 20,000 square feet. Its convenient location near Romulus High School and the Metro Detroit Airport further enhances its appeal. This is a rare opportunity to acquire a substantial commercial land holding in a high-growth area with excellent visibility and accessibility. The property's size and zoning provide significant development potential for a discerning investor seeking a strong return on investment. Serious inquiries are encouraged.

    Property Features for 9234 Wayne Rd

    General Information

    Property type
    Land
    Lot Size
    97,574 SF

    HighLights

    • 2.24‑acre commercial land parcel in Romulus, MI.
    • Located at the hard corner of Wayne Road and Wick Road.
    • Zoned C‑3 Highway Service & C‑2 General Business, allowing for drive‑thru uses.
    • Three combined parcels (APN: 80‑065‑99‑0001‑001, 80‑065‑99‑0004‑001, 80‑065‑99‑0005‑001).
    • Potential for a large retail or grocery store (up to 20,000 SF).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3865026
    Latitude
    42.2371965

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    FAQs

    What type of property is this?
    Land - 2.24 Acres, C-3 & C-2 Zoning, I-94 Proximity
    Where is this land located?
    The property is located at 9234 Wayne Rd Romulus, MI.
    What are key features of this property?
    This property features: 2.24-acre commercial land parcel in Romulus, MI.; Located at the hard corner of Wayne Road and Wick Road.; Zoned C-3 Highway Service & C-2 General Business, allowing for drive-thru uses.
    (248) 359-9000
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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
    9234 Wayne Rd Romulus, MI 48174
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