6820 MichiganDetroit, MI 48210

  • Retail properties
  • 820 SF
Off market
$58,927 Estimated

Property Details for 6820 Michigan

Year built
1937
Lot size
0.14 AC
Property size (Sq ft)
820 SF
Zone code
B4
Property type
Retail properties
Property subtype
Turn key restaurants
APN
18002436.
APU
18002436

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $250,706
    6.5%
    $231,421
    7%
    $214,891
  • Comparable approach

    Method
    Valuation
    Relative Method
    $193,291
    Geo Method
    $193,291
  • Alternative Use

    Use
    Valuation
    Residential
    $195,212
    Hospitality
    $178,813
    Educational
    $148,770
    Medical
    $153,887
    Retail
    $231,421
6820 Michigan, Detroit, Michigan

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3314
Longitude
-83.1279
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed value
    $48,700
  • Tax year
    2020
  • Tax bill
    $2,967

FAQs

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