1624 7th MileDetroit, MI 48203

  • Office properties
  • 2,115 SF
Off market
$701,270 Estimated

Property Details for 1624 7th Mile

Year built
1949
Lot size
0.07 AC
Property size (Sq ft)
2,115 SF
Zone code
B4
Property type
Office properties
Property subtype
Office buildings
APN
09007502-3
APU
90075023

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $439,889
    6.5%
    $406,052
    7%
    $377,048
  • Comparable approach

    Method
    Valuation
    Relative Method
    $197,837
    Geo Method
    $197,837
  • Alternative Use

    Use
    Valuation
    Residential
    $503,504
    Hospitality
    $461,207
    Educational
    $383,719
    Medical
    $396,915
    Retail
    $596,896
1624 7th Mile, Detroit, Michigan

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.4325
Longitude
-83.0871
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Tax year
    2020
  • Tax bill
    $550

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