45467 Market StShelby Township, MI 48315

Property Details for 45467 Market St

Year built

2005

Lot size

0.18 AC

Zone code

C-5

Property type

Retail residential properties

APN

23-07-36-451-003

APU

230736451003

Description

This Shelby Township, Michigan property at 45445-45467 Market Street offers exceptional executive office space in a prime retail location. The single-story, 17,200 square foot building, constructed in 2004, features 14-foot ceilings and is situated on a 1.29-acre lot (APN 23-07-36-451-006). Currently, there are two available units totaling 4,407 square feet of vacant space, with a minimum divisible space of 2,025 square feet and a maximum contiguous space of 4,407 square feet. The units can be combined to create a larger, 4,407 square foot space. The property is zoned C-5 and boasts ample on-site parking. This Class B building offers excellent visibility and proximity to established retailers including Costco, Osaka Japan, and FedEx Kinko's. The property is conveniently located in Shelby Township, MI, 48315. No elevators are present.

• CAP approach

  CAP return

  Valuation

  6%

  $2,022,209

  6.5%

  $1,866,654

  7%

  $1,733,322

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,136,843

  Geo Method

  $1,136,843

• Alternative Use

  Use

  Valuation

  Residential

  $1,866,654

  Hospitality

  $1,709,845

  Educational

  $1,422,571

  Medical

  $1,471,496

  Retail

  $2,212,888

Location Insight

City

Shelby Township

County

Macomb

State

Michigan

Latitude

42.6302

Longitude

-82.981

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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