Property profile

0 Sec Ecorse & Hannan Romulus, MI 48184

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional commercial land parcel, located at the southeast corner of Ecorse and Hannan Roads in Romulus, MI (zip code 48184), presents a unique investment opportunity. The property is zoned C3, Highway Business, and offers a "pad ready" site capable of accommodating a 2,400 square foot building, along with the potential for up to 16,000 square feet of in-line retail space, including a drive-thru end-cap. A drive-up ATM is already approved. This prime location boasts excellent visibility and accessibility, situated less than half a mile from I-275, a major thoroughfare. The site benefits from a signalized hard corner, ensuring high traffic exposure. The surrounding area is experiencing significant growth, with a new 850,000 square foot Amazon distribution center nearby and the upcoming Our Next Energy (ONE) Battery Cell Plant, projected to create over 2,000 new jobs in 2023. This development will further enhance the area's economic vitality and increase the daytime population within a 5-mile radius to approximately 50,000. The property's proximity to established businesses such as a busy gas station/convenience store, Tim Hortons, and Tubby's, creates a synergistic environment for new retail ventures. The asking price for this exceptional opportunity is $595,000.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

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

Location

Sec Ecorse & Hannan Romulus, MI 48184
Romulus metro
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Value estimations

Realmo proprietary · 4 methods
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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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