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    Property profile & analytics
    FOR SALE
    Commercial real estate

    149 W Saint Clair St, Romeo, MI 48065

    2,224 SF 0.13 ac lot Built 1856
    Individually Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US43-4398720
    Property summary
    AI-generated overview

    This stunning 2,224 square foot industrial building, constructed in 1856 and extensively remodeled within the last decade, presents a unique investment opportunity in Romeo, MI. Located in the heart of the central business district, this property offers a rare combination of historic charm and modern functionality. The building features nine generously sized rooms, providing ample space for a variety of uses. Natural light floods the interior, creating a bright and welcoming atmosphere. Bathroom facilities include one full bathroom and two half bathrooms, catering to the needs of both employees and clients. A key advantage in this area, where parking is limited, is the inclusion of a private parking lot with five spaces. Accessibility is further enhanced by a handicap-accessible ramp leading into the building. Situated on a 0.12-acre lot, this property is ideally positioned to capitalize on the vibrant commercial activity of Romeo's central business district. The asking price for this exceptional property is $425,000. This is a rare chance to acquire a meticulously maintained historic building with modern amenities in a highly desirable location. The building's blend of historical character and contemporary updates makes it an ideal space for a variety of businesses seeking a unique and functional workspace.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1856
    Total area 2,224 SF
    Lot 0.13 ac (5,576 SF)
    Zoning code VILLAGE
    APN 28-04-02-102-003
    UPID US43-4398720
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Katie L Heitman · 1 yrs held
    Katie L Heitman
    since 2024
    7 recorded transactions
    2024
    2021
    2017
    $101,500
    2017
    $138,600
    2013
    2012
    $100,000
    2007
    $270,000
    Zoning & alternative use
    VILLAGE · Romeo, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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