Property profile

400 Michigan Ave Saline, MI 48176

OFF-MARKET
Commercial real estate
Property ID
US43-0465043
0.44 ac lot Built 1952
Entity Owned 12-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1952
Lot 0.44 ac (19,166 SF)
Zoning code C-2
APN 18-12-31-360-001
UPID US43-0465043

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Specialty Food Shop

Location

400 Michigan Ave Saline, MI 48176-1501
Saline metro Census 423600 ANN ARBOR, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$235k

Owner & transaction history

since 2013
7 recorded transactions
2019
Price N/A
2013
Price N/A
2012
Price N/A
2002
$200,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-2 · Saline, MI
Zoning description

This district is designed to provide for a variety of office, business service, entertainment and retailuseswhich occupy the prime retail frontage, by serving the comparison, convenience, and service needs of the market…

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
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