37240 5th MileLivonia, MI 48154

  • Retail properties
  • 19,680 SF
Off market
$967,637 Estimated

Property Details for 37240 5th Mile

Year built
1966
Lot size
2.43 AC
Property size (Sq ft)
19,680 SF
Property type
Retail properties
Property subtype
Strip malls
APN
46 067 02 0164 004
APU
46067020164004

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,952,398
    6.5%
    $4,571,445
    7%
    $4,244,913
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,638,986
    Geo Method
    $4,638,986
  • Alternative Use

    Use
    Valuation
    Residential
    $3,856,185
    Hospitality
    $3,532,244
    Educational
    $2,938,786
    Medical
    $3,039,855
    Retail
    $4,571,445
37240 5th Mile, Livonia, Michigan

Location Insight

City
Livonia
County
Wayne
State
Michigan
Latitude
42.3973
Longitude
-83.4118
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed value
    $799,700
  • Tax year
    2023
  • Tax bill
    $44,934

Property Visit Statistics

  • Visits by month
    2.0k
  • Visitors by month
    2.0k
  • Avg Time on site
    36 min

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