2411 8th MileDetroit, MI 48203

  • Retail properties
  • 9,572 SF
For Sale
$850,000 View listing

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

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • 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
2411 8th Mile, Detroit, Michigan

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

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