36510 Goddard Rd Romulus, MI 48174
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.
The Downtown District is intended to create a pedestrian oriented destination that offers entertainment, shopping, employment, housing, and recreation opportunities for those who live in, work in, or visit Romulus
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CBD-2 · Romulus, MIThe Downtown District is intended to create a pedestrian oriented destination that offers entertainment, shopping, employment, housing, and recreation opportunities for those who live in, work in, or visit Romulus
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
