For Sale
$2,100,000

28000 Wick RdRomulus, MI 48174

28,486 SF warehouse, excellent redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional 28,486-square-foot industrial property in Romulus, Michigan, presents a compelling redevelopment opportunity. Located on an expansive 8.36-acre lot (APN: 80-048-99-0008-004 & 80-048-99-0007-000), this single-story building (Year Built: 1966) boasts a 9' 10" ceiling height and nine loading docks, making it highly adaptable. Currently configured as a commercial kitchen with 100% occupancy under a 10-year absolute NNN lease, the property offers a strong investment opportunity with a 7.46% cap rate and a net operating income (NOI) of $156,673. The asking price is $2,100,000. Situated in Wayne County's M-T (Industrial Transportation District) zoning, this location provides unparalleled access to major transportation arteries, including I-94 via Middlebelt Road, and is less than a mile from the Detroit Metropolitan Airport. The property is partially paved, fenced, and gated. While currently operating as a commercial kitchen, the deed restricts future use for airline food service, opening doors for diverse redevelopment possibilities. This sale is structured as a sale-leaseback.

Highlights

  • 28,486 SF commercial kitchen for sale in Romulus, MI.
  • Excellent redevelopment opportunity on an oversized lot.
  • 8.36-acre lot with partially paved, fenced, and gated yard.
  • M-T (Industrial Transportation District) zoning.
  • Less than one mile from Detroit Metropolitan Airport.
  • Excellent access to I-94 via Middlebelt Road.

Property Details for 28000 Wick Rd

Property type
Refrigeration & cold storage, Warehouses
Square Feet
28,486 SF
Year Built
1966
Stories
1
Lot Size (sq. ft)
364,162 SF

Location Insight

City
Romulus
County
Wayne
State
Michigan
Latitude
42.23923357
Longitude
-83.31326371
28000 Wick Rd, Romulus, Michigan

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
28000 Wick Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message