397 PolkRiver Rouge, MI 48218

Property Details for 397 Polk

Year built

1944

Lot size

0.07 AC

Property size (Sq ft)

2,340 SF

Zone code

B2 GEN

Property type

Retail properties

Property subtype

Retail space

APN

50 009 01 0242 000

APU

50009010242000

• CAP approach

  CAP return

  Valuation

  6%

  $643,847

  6.5%

  $594,320

  7%

  $551,869

• Comparable approach

  Method

  Valuation

  Relative Method

  $551,587

  Geo Method

  $551,587

• Alternative Use

  Use

  Valuation

  Residential

  $501,331

  Hospitality

  $459,217

  Educational

  $382,063

  Medical

  $395,203

  Retail

  $594,320

Location Insight

City

River Rouge

County

Wayne

State

Michigan

Latitude

42.2688

Longitude

-83.1447

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

• Assessed value
  $39,400
• Tax year
  2023
• Tax bill
  $3,734

FAQs

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