For Sale
$440,000

36510 Goddard RdRomulus, MI 48174

Downtown Romulus: 5-unit investment

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • Mixed-use (commercial & residential) property in downtown Romulus, MI.
  • Historic building (circa 1900), 4,570 square feet.
  • Vacant, ready for immediate occupancy.
  • Three retail/office units and two apartments.
  • On-site parking for eight vehicles.
  • Separately metered utilities.

Property Details for 36510 Goddard Rd

Property type
Retail properties, Office properties
Square Feet
4,570 SF
Class
C
Year Built
1900
Buildings
3
Stories
2
Units
5

Location Insight

City
Romulus
County
Wayne
State
Michigan
Latitude
42.222159
Longitude
-83.3964043
36510 Goddard Rd, Romulus, Michigan

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36510 Goddard Rd
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