21311 GratiotEastpointe, MI 48021

  • Turn key restaurants
  • 4,032 SF
Off market
$145,200 Estimated

Property Details for 21311 Gratiot

Year built
1951
Lot size
0.13 AC
Property size (Sq ft)
4,032 SF
Zone code
B-3
Property type
Turn key restaurants
APN
02-14-31-305-019
APU
21431305019

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $934,258
    6.5%
    $862,392
    7%
    $800,793
  • Comparable approach

    Method
    Valuation
    Relative Method
    $392,239
    Geo Method
    $392,239
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,653,680
    Mixed-Use / Specialty
    $870,660
    Hospitality / Lodging
    $653,543
    Office
    $877,302
    Institutional / Educational
    $909,189
    Residential Income
    $1,063,750
    Multifamily
    $1,212,930
    Automotive / Energy
    $779,305
    Parking / Income-Based Land
    $257,722
    Restaurant / Food Service
    $477,044
    Healthcare / Senior Housing
    $881,214

Location Insight

City
Eastpointe
County
Macomb
State
Michigan
Latitude
42.4546
Longitude
-82.9653
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$7,461
-
-
$145,200
-
-
-
$290,400

FAQs

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