1555 MainChelsea, MI 48118

  • Turn key restaurants
  • 2,656 SF
Off market
$8,215,370 Estimated

Property Details for 1555 Main

Year built
1960
Lot size
0.82 AC
Property size (Sq ft)
2,656 SF
Zone code
C3 HIG
Property type
Turn key restaurants
APN
06-06-13-380-010
APU
60613380010

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $668,372
    6.5%
    $616,959
    7%
    $572,891
  • Comparable approach

    Method
    Valuation
    Relative Method
    $626,074
    Geo Method
    $626,074
  • Alternative Use

    Use
    Valuation
    Residential
    $520,428
    Hospitality
    $476,709
    Educational
    $396,617
    Medical
    $410,257
    Retail
    $616,959

Location Insight

City
Chelsea
County
Washtenaw
State
Michigan
Latitude
42.2983
Longitude
-84.0242
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
$11,457
-
-
$216,600
-
-
-
$433,200

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