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    0 3.8 Acres Sibley Rd, Romulus, MI 48174

    3.8 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3.8-acre parcel, located on Sibley Road in Brownstown, Michigan (zip code 48174), presents a remarkable investment opportunity. The property, identified by APN 70-009-99-0015-712, is zoned B-1, Local Business, offering considerable flexibility for development. A previously approved site plan exists for a 48-unit multi-family residential complex, making this an ideal site for developers seeking a streamlined path to construction. Alternatively, the flexible zoning allows for a range of uses, including retail and office spaces, catering to diverse development strategies. The land's strategic location offers excellent accessibility, situated on the north side of Sibley Road, east of Telegraph Road, and enjoys convenient proximity to I-75 and I-275, ensuring strong connectivity and visibility. The asking price for this exceptional property is $599,000. Detailed information regarding the previously approved multi-family site plan is available upon request. This presents a unique chance to acquire a substantial land holding with significant development potential in a high-growth area.

    Property profile
    Verified
    Property type Land
    Lot 3.8 ac (165,528 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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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