9513 Old 31Berrien Springs, MI 49103

  • Grocery and convenience stores
  • 4,864 SF
Off market
$15,929,800 Estimated

Property Details for 9513 Old 31

Year built
1984
Lot size
1.59 AC
Property size (Sq ft)
4,864 SF
Zone code
AGRI / RESIDENT
Property type
Grocery and convenience stores
APN
04-0018-0004-06-1
APU
400180004061

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,171,280
    6.5%
    $1,081,182
    7%
    $1,003,954
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,596,511
    Geo Method
    $1,596,511
  • Alternative Use

    Use
    Valuation
    Residential
    $912,017
    Hospitality
    $835,403
    Educational
    $695,045
    Medical
    $718,949
    Retail
    $1,081,182

Location Insight

City
Berrien Springs
County
Berrien
State
Michigan
Latitude
41.948
Longitude
-86.327
CBSA code
35660
CBSA name
NILES-BENTON HARBOR, 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
2023
$5,261
-
-
$140,400
-
-
-
$280,800

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