841 Annin StHighland Park, MI 48203

Property Details for 841 Annin St

Year built

1958

Lot size

0.08 AC

Property size (Sq ft)

2,726 SF

Zone code

R2

Property type

Retail space

APN

01007316.

APU

1007316

Description

This exceptional 2,726 square foot vacant office building presents a compelling investment opportunity in Highland Park, Michigan. Situated on a 0.08-acre lot (34 x 102 feet), this single-story structure, built in 1958 and renovated in 1958, offers significant potential for redevelopment or remodeling. The property boasts ample parking and benefits from existing commercial zoning, grandfathered in, providing flexibility for various uses. Priced at $19,900 ($18.31 per square foot), this property is ready for your vision. The Wayne County location, with address 841 Annin St, zip code 48203, offers convenient access to local amenities and transportation. Negotiations are welcome. The property's APN is W01I007316S. This is a truly unique opportunity to acquire a well-positioned commercial property in a thriving area. Don't miss out on this chance to shape the future of this Highland Park gem.

• CAP approach

  CAP return

  Valuation

  6%

  $833,443

  6.5%

  $769,332

  7%

  $714,380

• Comparable approach

  Method

  Valuation

  Relative Method

  $642,575

  Geo Method

  $642,575

• Alternative Use

  Use

  Valuation

  Residential

  $648,960

  Hospitality

  $594,444

  Educational

  $494,571

  Medical

  $511,580

  Retail

  $769,332

Location Insight

City

Highland Park

County

Wayne

State

Michigan

Latitude

42.436

Longitude

-83.1121

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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