201 8th MileHighland Park, MI 48203

  • Retail properties
  • 3,538 SF
For Sale
$1,700,000 View listing

Property Details for 201 8th Mile

Year built
1986
Lot size
0.23 AC
Property size (Sq ft)
3,538 SF
Zone code
B4
Property type
Retail properties
Property subtype
Grocery and convenience stores
APN
09008311-15
APU
900831115

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,081,703
    6.5%
    $998,495
    7%
    $927,174
  • Comparable approach

    Method
    Valuation
    Relative Method
    $833,980
    Geo Method
    $833,980
  • Alternative Use

    Use
    Valuation
    Residential
    $842,268
    Hospitality
    $771,513
    Educational
    $641,890
    Medical
    $663,965
    Retail
    $998,495
201 8th Mile, Highland Park, Michigan

Location Insight

City
Highland Park
County
Wayne
State
Michigan
Latitude
42.4467
Longitude
-83.1056
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed value
    $87,900
  • Tax year
    2020
  • Tax bill
    $8,125

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