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    Eureka At Colbert Romulus, MI 48174

    Sponsored
    For Sale
    $149,000

    Prime Romulus development site, near Metro Airport.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 0.5-acre commercial land parcel, located at Eureka at Colbert in Romulus, Michigan (APN: 08-138-01-0126-301), presents a unique development opportunity. Zoned C-2, this property boasts 150 feet of frontage on Eureka Road, ensuring excellent visibility and accessibility. Its strategic location across from Detroit Metro Airport makes it ideal for a variety of commercial ventures. Permitted uses include restaurants, financial institutions, and office spaces, including medical and dental practices. The site offers the convenience of utilities either on-site or readily available nearby. This is a rare chance to acquire a highly visible and versatile property in a thriving area with strong potential for growth and return on investment. The property's address is Eureka at Colbert, Romulus, MI 48174, situated in Wayne County. Cross streets are Eureka Road West of Middlebelt. The asking price for this exceptional opportunity is $149,000.

    Property Features for 0 Eureka At Colbert

    General Information

    Property type
    Land
    Lot Size
    21,780 SF

    HighLights

    • Development opportunity across from Detroit Metro Airport.
    • 150‑foot Eureka Road frontage with high visibility.
    • Approved uses: restaurants, financial institutions, and medical/dental offices.
    • Utilities available.
    • Located on Eureka Road, west of Middlebelt Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Romulus
    County
    Wayne
    State
    Michigan
    Longitude
    -83.340321774792
    Latitude
    42.195172925584

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    FAQs

    What type of property is this?
    Land - Prime Romulus development site, near Metro Airport.
    Where is this land located?
    The property is located at Eureka At Colbert Romulus, MI.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: Development opportunity across from Detroit Metro Airport.; 150-foot Eureka Road frontage with high visibility.; Approved uses: restaurants, financial institutions, and medical/dental offices.
    Request Owner's contact information
    Eureka At Colbert 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
    Eureka At Colbert Romulus, MI 48174
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