29623 8th MileLivonia, MI 48152

Off market
$5,810,950 Estimated
  • Auto shops
  • 6,018 SF

Property Details for 29623 8th Mile

Year built
1948
Construction
BRICK
Lot size
0.58 AC
Property size (Sq ft)
6,018 SF
Property type
Auto shops
APN
46 005 01 0072 000
APU
46005010072000

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,514,407
    6.5%
    $1,397,914
    7%
    $1,298,063
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,418,568
    Geo Method
    $1,418,568
  • Alternative Use

    Use
    Valuation
    Residential
    $1,179,193
    Hospitality
    $1,080,134
    Educational
    $898,659
    Medical
    $929,566
    Retail
    $1,397,914
29623 8th Mile, Livonia, Michigan

Location Insight

City
Livonia
County
Wayne
State
Michigan
Latitude
42.4412
Longitude
-83.3402
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
$7,715
-
-
$173,400
-
-
-
$346,800

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