Property profile

0 Eureka Rd Romulus, MI 48174

OFF-MARKET
Land
9.66 ac lot
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Property summary

AI-generated overview

This exceptional 9.66-acre commercial land parcel in Romulus, Michigan, presents a remarkable investment opportunity. Located in Wayne County, at the address of Eureka Rd, zip code 48174, this property is ideally situated for various commercial developments. The asking price is $875,000, translating to $90,579.71 per acre. Existing infrastructure is already in place, including readily available water, gas, and sewer connections, significantly reducing development costs and timelines. The site boasts a strategic location, offering convenient access to Detroit Metro Airport, major freeways, shopping centers, parks, schools, and a golf course, ensuring high visibility and accessibility. Detailed condo plans for the site are available upon acceptance of an offer, providing a solid foundation for multi-family development. This property represents a rare chance to acquire a well-positioned, ready-to-develop commercial land parcel in a thriving area with excellent connectivity and amenities. The latitude and longitude coordinates are 42.195547, -83.3248211 respectively. Don't miss this chance to secure a prime piece of commercial real estate in a high-demand location.

Property profile

Verified
Property type Land
Lot 9.66 ac (420,790 SF)

Cap rate & NOI

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

Location

Eureka Rd Romulus, MI 48174
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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