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    OFF-MARKET
    Land

    0 Middlebelt & Leroy, Romulus, MI 48174

    11.14 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 11.14-acre parcel of land, located in Romulus, Michigan, presents a unique opportunity for residential development. Situated at the intersection of Middlebelt and Leroy, this property boasts a convenient location with easy access to major roadways and the bustling Detroit Metropolitan Airport (DTW), which sees approximately 11,100 flights daily. The property is zoned R1A-S.F, allowing for various residential construction possibilities. The expansive lot size offers ample space for a variety of projects, from single-family homes to potentially larger-scale residential developments, subject to local planning and zoning approvals. The asking price for this significant land holding is $150,000. The Wayne County Assessor's Parcel Number (APN) is 80-142-99-0019-001. This is a rare chance to acquire a substantial piece of land in a high-demand area with excellent proximity to a major international airport. Serious inquiries are encouraged to explore the potential of this remarkable property. All information is deemed reliable but not guaranteed and should be independently verified.

    Property profile
    Verified
    Property type Land
    Lot 11.14 ac (485,258 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
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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