22501 8th MileDetroit, MI 48219

  • Retail properties
  • 3,643 SF
Off market
$185,372 Estimated

Property Details for 22501 8th Mile

Year built
1971
Lot size
0.61 AC
Property size (Sq ft)
3,643 SF
Zone code
B4
Property type
Retail properties
Property subtype
Turn key restaurants
APN
22019031.004
APU
22019031004

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $916,747
    6.5%
    $846,228
    7%
    $785,783
  • Comparable approach

    Method
    Valuation
    Relative Method
    $858,731
    Geo Method
    $858,731
  • Alternative Use

    Use
    Valuation
    Residential
    $713,825
    Hospitality
    $653,860
    Educational
    $544,004
    Medical
    $562,713
    Retail
    $846,228
22501 8th Mile, Detroit, Michigan

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.4427
Longitude
-83.2656
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed value
    $153,200
  • Tax year
    2020
  • Tax bill
    $8,888

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