Property profile

224 Michigan Ave Saline, MI 48176

OFF-MARKET
Commercial real estate
Property ID
US43-1041215
1,604 SF 0.74 ac lot
Entity Owned 2-yr Hold
Saved · see the list in your Dashboard

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 1,604 SF
Lot 0.74 ac (32,017 SF)
Zoning code D-2
APN 18-18-01-280-012
UPID US43-1041215

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

224 Michigan Ave Saline, MI 48176-1327
Saline metro Census 423400 ANN ARBOR, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2023
Last sale
$400,000
2 recorded transactions
2023
$400,000
2015
Price N/A

Zoning & alternative use

D-2 · Saline, MI
Zoning description

The Downtown Form Based Code, DFBC districts use form-based provisions to accomplish this, with a special sensitivity to the contextual relevance of two unique downtown subdistricts within the overall DFBC, This unique z…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 224 Michigan Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message