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    FOR SALE
    Office buildings

    36510 Goddard Rd, Romulus, MI 48174

    4,570 SF 0.14 ac lot
    Entity Owned 20-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-5133814
    Property summary
    AI-generated overview

    This exceptional mixed-use property in downtown Romulus, Michigan presents a unique investment opportunity. Built between 1900 and 1920, this historic building offers 4,570 square feet of net rentable space across three buildings and two stories. The property includes three versatile commercial units, perfect for retail or office spaces, and two well-appointed apartments, creating a blend of income streams. Each unit features separate utility meters for convenient tenant management. Onsite parking accommodates eight vehicles, a significant advantage in a downtown setting. The property sits on a 6,098 square foot lot, zoned CB-2, and is currently vacant, ready for immediate occupancy. The asking price is $440,000, translating to $96.28 per square foot. This prime location offers easy access to local amenities and the vibrant downtown area, promising strong potential for future growth and return on investment. The property's historic charm combined with its modern conveniences makes it an attractive proposition for both investors and business owners seeking a foothold in the thriving Romulus market. The Wayne County location and address at 36510 Goddard Rd, Romulus, MI 48174, further enhances its appeal. This is a rare chance to acquire a substantial mixed-use property in a desirable downtown location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Total area 4,570 SF
    Lot 0.14 ac (6,098 SF)
    Zoning code CBD-2
    APN 80 078 01 0295 000
    UPID US43-5133814
    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
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    Blend (final) Blend
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    Owner & transaction history
    BROKEN NOSE ENTERPRISES LLC
    BROKEN NOSE ENTERPRISES LLC
    Zoning & alternative use
    CBD-2 · Romulus, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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