37385 Goddard Rd Romulus, MI 48174-1223
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.
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-3 · Romulus, MIRomulus. Always verify with local authorities before improvements.
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.