17545 8th MileDetroit, MI 48235

  • Retail space
  • 4,283 SF
Off market
$2,104,040 Estimated

Property Details for 17545 8th Mile

Year built
1967
Lot size
0.21 AC
Property size (Sq ft)
4,283 SF
Zone code
B4
Property type
Retail space
APN
22018850-69
APU
2201885069

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,122,669
    6.5%
    $1,036,310
    7%
    $962,288
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,009,592
    Geo Method
    $1,009,592
  • Alternative Use

    Use
    Valuation
    Residential
    $874,166
    Hospitality
    $800,731
    Educational
    $666,199
    Medical
    $689,111
    Retail
    $1,036,310
17545 8th Mile, Detroit, Michigan

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.444
Longitude
-83.217
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
2020
$9,117
-
-
$103,900
-
-
-
$207,800

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