19000 7th MileDetroit, MI 48219

  • Retail properties
  • 3,183 SF
For Sale
$125,000 View listing

Property Details for 19000 7th Mile

Year built
1961
Lot size
0.14 AC
Property size (Sq ft)
3,183 SF
Zone code
B4
Property type
Retail properties
Property subtype
Retail space
APN
22016994-6
APU
220169946

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $800,990
    6.5%
    $739,375
    7%
    $686,563
  • Comparable approach

    Method
    Valuation
    Relative Method
    $750,299
    Geo Method
    $750,299
  • Alternative Use

    Use
    Valuation
    Residential
    $623,691
    Hospitality
    $571,298
    Educational
    $475,313
    Medical
    $491,660
    Retail
    $739,375
19000 7th Mile, Detroit, Michigan

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.4302
Longitude
-83.2288
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed value
    $63,600
  • Tax year
    2020
  • Tax bill
    $4,760

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