22981 Hall Rd Woodhaven, MI 48183-1539
Property profile & analytics
22981 Hall Rd Woodhaven, MI 48183-1539
- Outlet malls
- 11,459 SF
- 1.00 lot acres
Property ID
US43-0972990
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.
Location Intelligence
Current Use by Public Records
- Outlet malls
Property Details for 22981 Hall Rd
- Year built
- 2001
- Lot size
- 1.00 lot acres
- Property size
- 11,459 SF
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 59 041 99 0005 722
- APU
- 59041990005722
Description
This exceptional free-standing retail building, located at 22981 Hall Road in Woodhaven, Michigan, presents a compelling investment opportunity. Boasting 11,450 square feet on a one-acre lot, this single-tenant property is ideally situated near I-75 and West Road, offering unparalleled accessibility. Built in 1990 and renovated in 2001, the building features a single story design and ample parking with 56 spaces. The property is zoned B-3, allowing for a variety of uses, including retail, office, or storage. The asking price is $1,200,000, translating to $104.80 per square foot. The building's previous use as a pharmacy provides a solid foundation for a variety of potential tenants. The property's location in Wayne County, Michigan, with its convenient access to major roadways, ensures high visibility and strong potential for attracting customers. The parcel number is 59-041-99-0005-722. This is a NNN lease property. The lease rate is $14.00 per square foot.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,421,000
- AI Estimate
- $1,421,000
Market price range: $402k - $1.42MMarket price range: $402k - $1.42M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $875,000 Current use
- COMMERCIAL (GENERAL)
- $1,260,000 Change: +44% Conversion: Easy
- RESTAURANT
- $1,185,000 Change: +36% Conversion: Easy
- OFFICE BUILDING
- $1,115,000 Change: +28% Conversion: Easy
- MEDICAL BUILDING
- $1,080,000 Change: +24% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $910,000 Change: +4% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Woodhaven
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2459
- Latitude
- 42.1397
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN 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
$19,036
$0.00
$0.00
$739,300
-
$0.00
$0.00
$1,478,600
