6069th Us Hwy 41Wallace, MI 49893

  • Commercial real estate
  • 3,364 SF
Off market
$14,026,320 Estimated

Property Details for 6069th Us Hwy 41

Year built
1966
Lot size
1.40 AC
Property size (Sq ft)
3,364 SF
Property type
Commercial real estate
APN
009-150-016-00
APU
915001600

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $696,332
    6.5%
    $642,768
    7%
    $596,856
  • Comparable approach

    Method
    Valuation
    Relative Method
    $341,524
    Geo Method
    $438,161
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,184,820
    Retail / Commercial
    $623,355
    Mixed-Use / Specialty
    $633,574
    Hospitality / Lodging
    $481,031
    Office
    $642,768
    Institutional / Educational
    $663,108
    Residential Income
    $775,836
    Multifamily
    $861,526
    Automotive / Energy
    $568,378
    Parking / Income-Based Land
    $183,849
    Restaurant / Food Service
    $356,078
    Healthcare / Senior Housing
    $636,960

Location Insight

City
Wallace
County
Menominee
State
Michigan
Latitude
45.3307
Longitude
-87.6159
CBSA code
31940
CBSA name
MARINETTE, WI-MI MICROPOLITAN 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
2024
$1,562
$37,200
-
$37,200
-
$74,400
-
$74,400

FAQs

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