17485 Dix RdMelvindale, MI 48122

  • Retail space
  • 3,360 SF
For Sale
$420,000 View listing

Property Details for 17485 Dix Rd

Lot size
0.38 AC
Property size (Sq ft)
3,360 SF
Zone code
R1 1 FA
Property type
Retail space
APN
47 006 01 0043 301
APU
47006010043301

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $778,548
    6.5%
    $718,660
    7%
    $667,327
  • Comparable approach

    Method
    Valuation
    Relative Method
    $326,866
    Geo Method
    $326,866
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,378,070
    Mixed-Use / Specialty
    $725,550
    Hospitality / Lodging
    $544,619
    Office
    $731,085
    Institutional / Educational
    $757,658
    Residential Income
    $886,460
    Multifamily
    $1,010,770
    Automotive / Energy
    $649,421
    Parking / Income-Based Land
    $214,769
    Restaurant / Food Service
    $397,537
    Healthcare / Senior Housing
    $734,345

Location Insight

City
Melvindale
County
Wayne
State
Michigan
Latitude
42.2825
Longitude
-83.1708
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
$9,597
-
-
$113,600
-
-
-
$227,200

FAQs

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