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Property profile & analytics
OFF-MARKET
Auto shops

37385 Goddard Rd Romulus, MI 48174-1223

8,100 SF 0.5 ac lot Built 1946
Entity Owned Absentee Owner Free & Clear
Property ID
US43-1116339
Property summary
AI-generated overview

This exceptional commercial property in Romulus, Michigan, presents a unique investment opportunity. Located at 37385 Goddard Rd, 48174, this 1.27-acre site boasts a 11,318 square foot building complex comprised of three buildings, all built in 1946 and renovated in 2023. The property includes seven separate lots, with approximately half an acre of vacant land offering significant expansion potential. Currently configured as a used car dealership and auto repair shop, the versatile space features an open floor plan shop area, a lobby/waiting area, multiple private offices, a potential conference room or showroom, and a kitchenette. The building is equipped with 10 and 12-foot overhead doors, providing ample access for various uses. The property benefits from abundant front and side parking. Its prime location near I-94 and the Detroit Metro Airport offers excellent visibility and accessibility. Included in the sale are existing auto repair, auto sales, and salvage licenses. The permitted zoning is commercial. The asking price is $1,199,800, with a price per square foot of $106.01. Parcel I.D. numbers 80078150029000, 80078150030000, 80078150031000, and 80078150032000 are included. Potential buyers are responsible for verifying all information and permitted uses with the city. All data is approximate.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1946
Total area 8,100 SF
Lot 0.5 ac (21,780 SF)
Zoning code CBD-3
APN 80 078 13 0180 005
UPID US43-1116339
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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Owner & transaction history
HS INVESTMENT GROUP LLC
HS INVESTMENT GROUP LLC
Zoning & alternative use
CBD-3 · Romulus, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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