323 9th MileFerndale, MI 48220

  • Retail properties
  • 3,606 SF
Off market
$308,102 Estimated

Property Details for 323 9th Mile

Year built
1950
Lot size
0.10 AC
Property size (Sq ft)
3,606 SF
Zone code
BI
Property type
Retail properties
Property subtype
Turn key restaurants
APN
24-25-34-102-019
APU
242534102019

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,102,493
    6.5%
    $1,017,686
    7%
    $944,994
  • Comparable approach

    Method
    Valuation
    Relative Method
    $850,009
    Geo Method
    $850,009
  • Alternative Use

    Use
    Valuation
    Residential
    $858,456
    Hospitality
    $786,341
    Educational
    $654,227
    Medical
    $676,727
    Retail
    $1,017,686
323 9th Mile, Ferndale, Michigan

Location Insight

City
Ferndale
County
Oakland
State
Michigan
Latitude
42.4603
Longitude
-83.1386
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed value
    $254,630
  • Tax year
    2023
  • Tax bill
    $10,698

Property Visit Statistics

  • Visits by month
    7.0k
  • Visitors by month
    4.5k
  • Avg Time on site
    17 min

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