Property profile

15523 32 Mile Rd Romeo, MI 48096

OFF-MARKET
Industrial properties
1,555 SF 7.5 ac lot Built 1957
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Property summary

AI-generated overview

This exceptional 7.5-acre industrial property presents a unique investment opportunity in Romeo, Michigan. Located at 15523 32 Mile Road, just east of Powell Road, the site boasts a substantial 1,555 square foot home built in the 1950s. The property's industrial zoning opens the door to a wide range of potential uses, making it ideal for businesses seeking ample space and convenient access. The existing home could serve as office space, a caretaker's residence, or be renovated to suit specific needs. The expansive 7.5-acre lot provides ample room for expansion, storage, or outdoor operations. Its strategic location offers easy access to major transportation routes, ensuring efficient logistics and distribution. This property is priced competitively at $550,000, representing a significant value proposition for discerning investors and businesses seeking a versatile and well-situated industrial space. The combination of existing building and substantial land area makes this a rare find in the Romeo market. Serious inquiries are encouraged to explore the full potential of this remarkable property and its suitability for various industrial applications. The property's existing infrastructure and zoning provide a solid foundation for immediate development or long-term growth. Don't miss this chance to acquire a prime industrial asset in a thriving community.

Property profile

Verified
Property type Industrial properties
Year built 1957
Total area 1,555 SF
Lot 7.5 ac (326,700 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

15523 32 Mile Rd Romeo, MI 48096
Romeo metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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