9934 Harper AveDetroit, MI 48213

  • Medical offices
  • 12,200 SF

Property Details for 9934 Harper Ave

Year built
1927
Lot size
0.29 AC
Property size (Sq ft)
12,200 SF
Zone code
B4
Property type
Medical offices
Property subtype
Medical centers
APN
19001799.
APU
19001799

Description

Reid's Plaza, located at 9934 Harper Ave, Detroit, MI 48213, presents a unique opportunity for retail or special purpose tenants. This two-story building, situated at the highly visible southeast corner of Harper and Gratiot Avenues, offers a total of 17,700 square feet of space currently vacant and available for lease. The property is zoned B4 and is part of a thriving neighborhood shopping district. The building features two suites

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,537,422
    6.5%
    $2,342,236
    7%
    $2,174,933
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,141,188
    Geo Method
    $1,141,188
  • Alternative Use

    Use
    Valuation
    Residential
    $2,904,372
    Hospitality
    $2,660,389
    Educational
    $2,213,412
    Medical
    $2,289,535
    Retail
    $3,443,086

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3927
Longitude
-83.0045
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
$5,678
-
-
$311,100
-
-
-
$622,200

FAQs

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