226 Bailey St Romeo, MI 48065-4700
Property profile & analytics
226 Bailey St Romeo, MI 48065-4700
- Commercial real estate
- 1,776 SF
- 0.26 lot acres
Property ID
US43-0106245
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 226 Bailey St
- Year built
- 1966
- Lot size
- 0.26 lot acres
- Property size
- 1,776 SF
- Zone code
- VERIFY
- Property type
- Commercial real estate
- APN
- 27-01-35-383-001
- APU
- 270135383001
Description
This exceptional .26-acre commercial land parcel is situated in the heart of Downtown Romeo, Michigan, at the corner of N Bailey Street and E Newberry Street. Zoned for Central Business District use, this property offers significant development potential. The zoning permits the construction of a three-story building. With approval from the Village of Romeo, zero lot line setbacks are possible along the road frontage, maximizing buildable space. The site benefits from recently redone roads, ensuring convenient access. Its location adjacent to a Class A office building provides a desirable and established business environment. All essential utilities are readily available, including municipal water, sewer, and storm sewer connections. The property's history includes use as a self-serve car wash, offering a unique perspective for potential redevelopment. This is a rare opportunity to acquire a highly desirable commercial lot in a thriving downtown area. The asking price is $250,000.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Romeo
- County
- Macomb
- State
- Michigan
- Longitude
- -83.0116
- Latitude
- 42.8035
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$3,321
$0.00
$0.00
$79,200
-
$0.00
$0.00
$158,400
