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    OFF-MARKET
    Retail properties & Spaces

    32870 Wick Rd, Romulus, MI 48174

    0.5 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail development opportunity is located in Romulus, Michigan, just off I-94 and across from Detroit Metropolitan Airport, serving nearly 37 million passengers annually. The site boasts a prime location less than 0.6 miles from the I-94 on/off ramp, ensuring high visibility and convenient access for daily commuters. Part of the larger 171-acre Romulus Commerce Park, this development will feature 2,164,000 square feet of Class A industrial space, creating over 1,180 new jobs. This retail parcel offers 30 acres of land allocated for development along Wick Road, providing pad-ready options for a variety of uses, including fast food, automotive services, convenience stores, hotels, and financial institutions. A Royal Farms flagship store is already confirmed for the Romulus Trade Center. The project features a controlled traffic entrance and other site improvements to ensure easy access. Construction began in Q2 2022, with the first three buildings (1 million square feet) slated for completion in Q2 2023. Lot sizes range from 0.5 to 5 acres, providing flexibility for various development needs. This is a unique opportunity to capitalize on the significant growth and high traffic volume in this rapidly developing area.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Lot 0.5 ac (21,780 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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