22501 8th MileDetroit, MI 48219

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

• 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

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

FAQs

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