42.251794 -83.386105 Romulus, MI 48174
- Land
- 3.94 lot acres
Current Use by Public Records
- Land
Property Details for 0 42.251794 -83.386105
- Lot size
- 3.94 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Romulus
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3966
- Latitude
- 42.2223
