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Financial
Distress signals
Property profile

7000 Merriman Rd Romulus, MI 48174

FOR SALE
Turn key restaurants
Property ID
US43-1555702
3,901 SF 1.82 ac lot Built 1999
Last sale Apr 2014
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a bar and pub venue with restaurant space, built in 1999. It is located at 7000 Merriman Road in Romulus, Michigan, in an area near Detroit Metro Airport and the nearby hotel district, within a travel-oriented commercial setting. The building is configured for bar-and-restaurant use, providing an operating layout intended for hospitality operations.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value · 2024$313k
Effective rate4.84%

Value estimate

· Oct 2026
$385k
$347k – $424k
NOI build-up
Gross scheduled income$72k
Vacancy & credit loss−$3k
Operating expenses−$17k
NOI · 3.69% cap applied$52k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$77/SF
Submarket average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$52 – $108
Qualifying comparables5

Cap rate analysis

How does the asset earn?
3.69%
$52k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2-GEN
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.4
Law Firm14.4
Building Supply13.6

Location

7000 Merriman Rd Romulus, MI 48174
County assessor Recorded deeds · 1 transfer 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
35335 Eureka, Romulus, MI 48174-3726 $5,100,000 May 2025 3,440 SF
13201 Middlebelt, Romulus, MI 48174-2815 $500,000 Feb 2024 3,608 SF
37492 Huron Riv, Romulus, MI 48174-1121 $210,000 Nov 2023 3,844 SF
27736 Eureka, Romulus, MI 48174-2853 $290,000 Nov 2021 5,006 SF
37133 Goddard, Romulus, MI 48174-1224 $55,000 Nov 2021 3,200 SF
36547 Goddard, Romulus, MI 48174-1232 $75,000 Jul 2021 3,264 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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