1535 MainChelsea, MI 48118

  • Turn key restaurants
  • 4,878 SF
Off market
$11,010,560 Estimated

Property Details for 1535 Main

Year built
1997
Lot size
1.10 AC
Property size (Sq ft)
4,878 SF
Zone code
C3 HIG
Property type
Turn key restaurants
APN
06-06-13-450-012
APU
60613450012

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,227,530
    6.5%
    $1,133,105
    7%
    $1,052,169
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,149,846
    Geo Method
    $1,149,846
  • Alternative Use

    Use
    Valuation
    Residential
    $955,817
    Hospitality
    $875,523
    Educational
    $728,425
    Medical
    $753,476
    Retail
    $1,133,105

Location Insight

City
Chelsea
County
Washtenaw
State
Michigan
Latitude
42.2987
Longitude
-84.024
CBSA code
11460
CBSA name
ANN ARBOR, 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
$27,361
-
-
$456,300
-
-
-
$912,600

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