5228 AllenAllen Park, MI 48101

  • Retail space
  • 3,212 SF
Off market
$138,200 Estimated

Property Details for 5228 Allen

Year built
1960
Lot size
0.11 AC
Property size (Sq ft)
3,212 SF
Zone code
C 4
Property type
Retail space
APN
30 007 02 0060 001
APU
30007020060001

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $744,255
    6.5%
    $687,005
    7%
    $637,933
  • Comparable approach

    Method
    Valuation
    Relative Method
    $312,468
    Geo Method
    $312,468
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,317,370
    Mixed-Use / Specialty
    $693,591
    Hospitality / Lodging
    $520,630
    Office
    $698,882
    Institutional / Educational
    $724,285
    Residential Income
    $847,413
    Multifamily
    $966,249
    Automotive / Energy
    $620,816
    Parking / Income-Based Land
    $205,309
    Restaurant / Food Service
    $380,026
    Healthcare / Senior Housing
    $701,999

Location Insight

City
Allen Park
County
Wayne
State
Michigan
Latitude
42.2647
Longitude
-83.2018
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
$8,165
-
-
$138,200
-
-
-
$276,400

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