Allen Park, MI 48101

  • Industrial land
  • 0.95 AC
Off market
$9,517,860 Estimated

Property Details

Lot size
0.95 AC
Zone code
RD RESEARCH
Property type
Industrial land
APN
30 001 99 0001 707
APU
30001990001707

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $18,386,700
    6.5%
    $16,972,400
    7%
    $15,760,000
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,193,400
    Geo Method
    $6,193,400
  • Alternative Use

    Use
    Valuation
    Retail / Commercial
    $8,851,070
    Mixed-Use / Specialty
    $8,935,930
    Hospitality / Lodging
    $6,707,570
    Office
    $9,004,090
    Institutional / Educational
    $9,331,370
    Residential Income
    $10,917,700
    Multifamily
    $12,448,700
    Automotive / Energy
    $7,998,320
    Parking / Income-Based Land
    $2,645,110
    Restaurant / Food Service
    $4,896,090
    Healthcare / Senior Housing
    $9,044,250

Location Insight

City
Allen Park
County
Wayne
State
Michigan
Latitude
42.2956
Longitude
-83.2039
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
2023
$549
-
-
$8,900
-
-
-
$17,800

FAQs

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Please email our support team at [email protected] and they will add the team member.
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