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    7559 Merriman Rd Romulus, MI 48174

    Sponsored
    For Lease
    $15 SF/Yr ($1,500 /Mo)

    1200 sq ft, Prime Metro Airport Location

    Lot size:
    1,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,200 square foot retail space is ideally situated in Leonardo's Plaza, conveniently located just north of Detroit Metropolitan Airport in Romulus, Michigan. The property boasts excellent visibility and signage rights, making it an attractive option for businesses seeking high foot traffic. The single-tenant space features recently renovated office space, complete with fresh paint, a modern coffee bar, and updated floor tiles. This is a sublease opportunity. The gross lease rate is inclusive of base year real estate taxes, building insurance, lawn care, snow removal, and parking lot maintenance, offering a streamlined and cost-effective solution for tenants. The property is zoned COMMERCIAL and is located in Wayne County, Michigan, with the full address being 7559 Merriman Road, Romulus, MI 48174. This turnkey retail space presents a unique opportunity for businesses seeking a well-maintained, conveniently located, and attractive commercial space near a major transportation hub. The property's amenities and all-inclusive lease terms make it an exceptional value in a high-demand area. Contact us today to learn more about this exciting sublease opportunity.

    Property Features for 7559 Merriman Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,200 SF
    Total Rate
    1500

    Unit(s) available at that property

    Space
    Size
    1,200 SF
    Rate per SF
    $15
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.3468868
    Latitude
    42.249708

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    FAQs

    What type of property is this?
    Retail property - 1200 sq ft, Prime Metro Airport Location
    Where is this retail property located?
    The property is located at 7559 Merriman Rd Romulus, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    Request Owner's contact information
    7559 Merriman 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
    7559 Merriman Rd Romulus, MI 48174
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