2453 ParkDetroit, MI 48201

  • Retail properties
  • 70,750 SF
Off market
$2,524,181 Estimated

Property Details for 2453 Park

Year built
2017
Lot size
0.39 AC
Property size (Sq ft)
70,750 SF
Zone code
B5
Property type
Retail properties
Property subtype
Parking lots & garages
APN
02001977-9
APU
20019779

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $21,631,002
    6.5%
    $19,967,078
    7%
    $18,540,858
  • Comparable approach

    Method
    Valuation
    Relative Method
    $16,677,247
    Geo Method
    $16,677,247
  • Alternative Use

    Use
    Valuation
    Residential
    $16,842,978
    Hospitality
    $15,428,077
    Educational
    $12,835,979
    Medical
    $13,277,428
    Retail
    $19,967,078
2453 Park, Detroit, Michigan

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3395
Longitude
-83.0553
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed value
    $2,086,100
  • Tax year
    2020
  • Tax bill
    $152,549

FAQs

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