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    Property profile & analytics

    289 Steer St Addison, MI 49220-9756

    • Industrial properties
    • 23.53 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 28, 2021
    Location Intelligence
    Property ID
    US43-4767247
    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

    • Industrial properties

    Property Details for 289 Steer St

    Lot size
    23.53 lot acres
    Property type
    Industrial properties
    APN
    RL1-300-8034-20
    APU
    RL1300803420

    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
    -84.3514
    Latitude
    41.981
    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
    $28,219
    $0.00
    $0.00
    $659,600
    -
    $0.00
    $0.00
    $1,319,200

    Comparable in this City

    • Value Estimation by Request
      206,230 SF

      215 Talbot St

      INDUSTRIAL (GENERAL) • 206,230 SF
      215 Talbot St, Addison, MI 49220-1100
      View Details
    • Value Estimation
      $120,000
      5,000 SF

      309 Steer St

      INDUSTRIAL (GENERAL) • 5,000 SF
      309 Steer St, Addison, MI 49220-9632
      View Details
    • Value Estimation by Request
      50.68 Acres

      6100 Sorby Rd

      INDUSTRIAL (GENERAL) • 50.68 Acres
      6100 Sorby Rd, Addison, MI 49220-9761
      View Details
    • Value Estimation by Request
      20,000 SF

      320 Steer St

      INDUSTRIAL (GENERAL) • 20,000 SF
      320 Steer St, Addison, MI 49220-9632
      View Details
    • 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

    Similar Nearby for Sale

    • $800,000
      12,235 SF

      Addison Industrial Property - Huge Potential

      7.2 Acres, 12,235 SF Building, High Power
      427 Steer St, Addison, MI 49220
      View Details
    • $950,000
      14,035 SF

      Addison Senior Housing Redevelopment Opportunity

      7.2-acre redevelopment site, 14,035 sq ft
      427 Steer St, Addison, MI 49220
      View Details
    • $800,000
      12,235 SF

      Addison Mill Pond Development Opportunity

      7.20-acre property with frontage on Addison Mill Pond.
      427 N Steer St, Addison, MI 49220
      View Details
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    289 Steer St
    Addison, MI 49220-9756
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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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