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    Property profile & analytics

    17931 Us Hwy 223 Addison, MI 49220-9719

    • Commercial real estate
    • 11,324 SF
    • 6.68 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 27, 2023
    Location Intelligence
    Property ID
    US43-1454388
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 17931 Us Hwy 223

    Lot size
    6.68 lot acres
    Property size
    11,324 SF
    Property type
    Commercial real estate
    APN
    WD0-118-4375-00
    APU
    WD0118437500

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    Lenawee
    State
    Michigan
    Longitude
    -84.3467
    Latitude
    42.0352
    CBSA code
    10300
    CBSA name
    ADRIAN, MI MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,721
    $0.00
    $0.00
    $266,500
    -
    $0.00
    $0.00
    $533,000

    Comparable in this City

    • Value Estimation by Request
      416 SF

      106 Main St

      COMMERCIAL (GENERAL) • 416 SF
      106 Main St, Addison, MI 49220-9808
      View Details
    • Value Estimation by Request
      8,256 SF

      200 Main St, Unit BLK

      COMMERCIAL (GENERAL) • 8,256 SF
      200 Main St, Addison, MI 49220-9707
      View Details
    • Value Estimation by Request
      6.00 Acres

      6380 Somerset Rd

      COMMERCIAL (GENERAL) • 6.00 Acres
      6380 Somerset Rd, Addison, MI 49220
      View Details
    • Value Estimation by Request
      1.16 Acres

      205 Steer St

      COMMERCIAL (GENERAL) • 1.16 Acres
      205 Steer St, Addison, MI 49220-9756
      View Details
    • Value Estimation by Request
      5,375 SF

      8301 Us Hwy 127

      COMMERCIAL (GENERAL) • 5,375 SF
      8301 Us Hwy 127, Addison, MI 49220-9300
      View Details
    • Value Estimation by Request
      3.15 Acres

      8348 Us Hwy 127

      COMMERCIAL (GENERAL) • 3.15 Acres
      8348 Us Hwy 127, Addison, MI 49220-9783
      View Details

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    17931 Us Hwy 223
    Addison, MI 49220-9719
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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