Property profile

0 42.251794 -83.386105 Romulus, MI 48174

OFF-MARKET
Land
3.94 ac lot
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Property summary

AI-generated overview

This 3.94-acre commercial land parcel in Romulus, MI, presents a significant development opportunity. Located at the hard corner of Ecorse Road and Wayne Road, it boasts 442 feet of frontage on Ecorse Road and 287 feet on Wayne Road, ensuring high visibility and accessibility. With a daily traffic count of 6,464 vehicles on Ecorse Road and 12,388 vehicles on Wayne Road, this location offers exceptional exposure. Currently zoned C-1 for local business, the property's zoning may allow for alternative uses. The site benefits from its proximity to major highways I-275 and I-94, the Detroit Metropolitan Wayne County Airport, the GM Romulus Powertrain Plant, and two Amazon fulfillment centers. The surrounding area demonstrates strong demographics, including over 229,000 people, 5,766 businesses, and an average income of $77,000 within a 5-mile radius. Numerous national retailers are also nearby. The asking price is $599,000, representing a compelling investment opportunity in a thriving commercial area. The City of Romulus actively supports entrepreneurial growth and economic development, further enhancing the property's potential. This fee simple ownership offers significant upside for developers seeking a strategic location with high visibility and strong market fundamentals. The property is located in Wayne County, MI, zip code 48174.

Property profile

Verified
Property type Land
Lot 3.94 ac (171,626 SF)

Cap rate & NOI

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

Location

42.251794 -83.386105 Romulus, MI 48174
Romulus 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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