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    Property profile & analytics

    40241 Michigan Ave Canton, MI 48188-2901

    • Drive through restaurants
    • 3,450 SF
    • 1.93 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-1547245
    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

    • McDonald's / Fast Food Restaurant / Breakfast Restaurant

    Property Details for 40241 Michigan Ave

    Year built
    1999
    Lot size
    1.93 lot acres
    Property size
    3,450 SF
    Zone code
    C-3
    Property type
    Drive through restaurants
    APN
    71 141 99 0028 701
    APU
    71141990028701

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4354
    Latitude
    42.2789
    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
    $18,093
    $0.00
    $0.00
    $535,700
    -
    $0.00
    $0.00
    $1,071,400

    Comparable in this City

    • Value Estimation
      $1,640,000
      3,320 SF

      40210 Michigan Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,320 SF
      40210 Michigan Ave, Canton, MI 48188-2906
      View Details
    • Value Estimation
      $685,000
      7,560 SF

      45455 Michigan Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 7,560 SF
      45455 Michigan Ave, Canton, MI 48188-2308
      View Details
    • Value Estimation by Request
      2,145 SF

      44532 Michigan Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,145 SF
      44532 Michigan Ave, Canton, MI 48188-2423
      View Details
    • Value Estimation by Request
      4,482 SF

      45510 Michigan Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,482 SF
      45510 Michigan Ave, Canton, MI 48188-2472
      View Details
    • Value Estimation by Request
      6,812 SF

      41439 Michigan Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,812 SF
      41439 Michigan Ave, Canton, MI 48188-2670
      View Details
    • Value Estimation by Request
      3,685 SF

      40450 Michigan Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,685 SF
      40450 Michigan Ave, Canton, MI 48188-2917
      View Details

    Similar Nearby for Sale

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      Renovated Retail Space For Sale

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    Similar Nearby for Lease

    • $22 SF/Yr
      3,498 SF

      Former Drive-Thru Restaurant Available

      Former Wendy's drive-thru restaurant for lease on Michigan Avenue.
      40450 Michigan Ave, Canton, MI 48188
      View Details
    • $40 SF/Yr
      4,850 SF

      Canton Medical Office Space For Lease

      Prime Canton location, multiple suites available.
      46660 Michigan Ave, Canton, MI 48188
      View Details
    • Contact for pricing

      Canton Retail and Automotive Property

      Retail and automotive property available for rent in Canton, Michigan.
      4151 S Canton Center Rd, Canton, MI 48188
      View Details
    • Contact for pricing

      Canton Retail and Automotive Space

      Retail and automotive spaces available for lease in Canton, MI.
      50409-50469 Independence St, Canton, MI 48188
      View Details
    • Contact for pricing
      1 SF

      Michigan Ave Retail Opportunity

      Prime Retail Land, Multiple Spaces Available
      0 Michigan Ave & Old Canton Ctr Rd, Canton, MI 48188
      View Details
    • Contact for pricing
      1 SF

      Canton Retail Outlots For Lease

      Prime Canton, MI retail land, multiple spaces.
      4364 Old Canton Ctr Rd, Canton, MI 48188
      View Details

    Property Visit Statistics

    • Visits by month
      36.9k
    • Visitors by month
      26.1k
    • Avg Time on site
      10 min
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    40241 Michigan Ave
    Canton, MI 48188-2901
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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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