2411 8th MileDetroit, MI 48203

Property Details for 2411 8th Mile

Year built

1959

Lot size

1.01 AC

Property size (Sq ft)

9,572 SF

Zone code

R5

Property type

Retail properties

Property subtype

Turn key restaurants

APN

02006133-43

APU

200613343

• CAP approach

  CAP return

  Valuation

  6%

  $2,926,529

  6.5%

  $2,701,412

  7%

  $2,508,454

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,256,320

  Geo Method

  $2,256,320

• Alternative Use

  Use

  Valuation

  Residential

  $2,278,742

  Hospitality

  $2,087,315

  Educational

  $1,736,622

  Medical

  $1,796,347

  Retail

  $2,701,412

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.4461

Longitude

-83.1266

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

• Assessed value
  $356,300
• Tax year
  2020
• Tax bill
  $24,151

FAQs

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