340 VisgerRiver Rouge, MI 48218

  • Retail properties
  • 4,542 SF
Off market
$86,999 Estimated

Property Details for 340 Visger

Year built
1945
Lot size
0.14 AC
Property size (Sq ft)
4,542 SF
Zone code
B2 GEN
Property type
Retail properties
Property subtype
Grocery and convenience stores
APN
50 010 02 0004 000
APU
50010020004000

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,293,463
    6.5%
    $1,193,966
    7%
    $1,108,682
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,070,644
    Geo Method
    $1,070,644
  • Alternative Use

    Use
    Valuation
    Residential
    $1,007,155
    Hospitality
    $922,548
    Educational
    $767,549
    Medical
    $793,947
    Retail
    $1,193,966
340 Visger, River Rouge, Michigan

Location Insight

City
River Rouge
County
Wayne
State
Michigan
Latitude
42.2643
Longitude
-83.1523
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed value
    $71,900
  • Tax year
    2023
  • Tax bill
    $6,907

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