14501 8th MileDetroit, MI 48235

  • Retail properties
  • 9,941 SF
Off market
$120,274 Estimated

Property Details for 14501 8th Mile

Year built
1963
Lot size
0.29 AC
Property size (Sq ft)
9,941 SF
Zone code
B2
Property type
Retail properties
Property subtype
Outlet malls
APN
22018638.
APU
22018638

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,039,347
    6.5%
    $2,805,551
    7%
    $2,605,154
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,343,300
    Geo Method
    $2,343,300
  • Alternative Use

    Use
    Valuation
    Residential
    $2,366,587
    Hospitality
    $2,167,781
    Educational
    $1,803,568
    Medical
    $1,865,596
    Retail
    $2,805,551
14501 8th Mile, Detroit, Michigan

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.4447
Longitude
-83.19
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed value
    $99,400
  • Tax year
    2020
  • Tax bill
    $7,642

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