1406 SouthfieldLincoln Park, MI 48146

  • Mixed-use properties
  • 6,838 SF
Off market
$152,097 Estimated

Property Details for 1406 Southfield

Year built
1948
Lot size
0.08 AC
Property size (Sq ft)
6,838 SF
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
45 006 04 0013 001
APU
45006040013001

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,422,204
    6.5%
    $1,312,804
    7%
    $1,219,032
  • Comparable approach

    Method
    Valuation
    Relative Method
    $639,626
    Geo Method
    $639,626
  • Alternative Use

    Use
    Valuation
    Residential
    $1,627,877
    Hospitality
    $1,491,126
    Educational
    $1,240,600
    Medical
    $1,283,266
    Retail
    $1,929,822
1406 Southfield, Lincoln Park, Michigan

Location Insight

City
Lincoln Park
County
Wayne
State
Michigan
Latitude
42.2514
Longitude
-83.1796
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed value
    $125,700
  • Tax year
    2019
  • Tax bill
    $7,202

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