3641 Grand RivDetroit, MI 48208

  • Turn key restaurants
  • 3,647 SF
Off market
$9,117,200 Estimated

Property Details for 3641 Grand Riv

Year built
1975
Lot size
0.91 AC
Property size (Sq ft)
3,647 SF
Zone code
B4
Property type
Turn key restaurants
APN
08001102-4
APU
80011024

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $845,049
    6.5%
    $780,046
    7%
    $724,328
  • Comparable approach

    Method
    Valuation
    Relative Method
    $354,786
    Geo Method
    $354,786
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,495,780
    Mixed-Use / Specialty
    $787,524
    Hospitality / Lodging
    $591,139
    Office
    $793,532
    Institutional / Educational
    $822,374
    Residential Income
    $962,178
    Multifamily
    $1,097,110
    Automotive / Energy
    $704,892
    Parking / Income-Based Land
    $233,114
    Restaurant / Food Service
    $431,493
    Healthcare / Senior Housing
    $797,070

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3424
Longitude
-83.0746
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
$9,794
-
-
$292,300
-
-
-
$584,600

FAQs

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