Middlebelt Rd Romulus, MI 48174
- Commercial real estate
- 40.26 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Middlebelt Rd
- Lot size
- 40.26 lot acres
- Property type
- Commercial real estate
Description
This exceptional 40.26-acre commercial property presents a remarkable investment opportunity in Romulus, Michigan. Boasting over 1300 feet of frontage on the hard corner of Middlebelt and Pennsylvania Roads, this site offers unparalleled visibility and accessibility. Its strategic location, just one mile from Eureka Road, ensures high traffic volume and convenient access for potential tenants and customers. The property currently holds an R1A zoning designation, but preliminary site plans have already been developed for a mixed-use development. These plans envision approximately 38 acres dedicated to multi-family residential units (apartments or condos), while the remaining 15 acres, situated at the prominent corner, are earmarked for commercial development, including restaurants and a retail strip center. The availability of water and sewer services at the street significantly streamlines the development process, reducing infrastructure costs and accelerating project timelines. This expansive parcel presents a unique chance to create a thriving mixed-use community in a high-demand location. The substantial acreage and prime location make this property ideal for a large-scale development project, offering significant potential for long-term growth and substantial returns. The existing preliminary site plans provide a solid foundation for immediate action, minimizing the time and expense associated with initial planning stages. This is a rare opportunity to acquire a large, strategically located parcel in a growing area.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Romulus
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3286
- Latitude
- 42.2677