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    Property profile & analytics

    40401 Michigan Ave Canton, MI 48188-2915

    • Grocery and convenience stores
    • 2,400 SF
    • 0.84 lot acres
    OFF-MARKET
    Value Estimation
    $810,000
    Last Sale
    Jun 14, 2023
    $750,000
    Location Intelligence
    Property ID
    US43-0721919
    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

    • BudgetCoinz Bitcoin ATM / Atm / Crypto Atm
    • ATM / Atm
    • gas station / Gas Station
    • Citgo / Gas Station

    Property Details for 40401 Michigan Ave

    Year built
    1990
    Construction
    CONCRETE BLOCKS
    Lot size
    0.84 lot acres
    Property size
    2,400 SF
    Zone code
    C-4
    Property type
    Grocery and convenience stores
    APN
    71 141 99 0027 708
    APU
    71141990027708

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $935,000

    • CAP approach

      CAP return
      Estimation
      6%
      $715,000
      6.5%
      $705,000
      7%
      $730,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $600,000
      Geo Method
      $710,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $580,000
      Retail
      $760,000
      Mixed-Use
      $680,000
      Hospitality
      $685,000
      Educational
      $580,000
      Residential Income
      $565,000
      Energy
      $580,000
      Income-Based Land
      $545,000
      Food Service
      $645,000

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4365
    Latitude
    42.2793
    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
    $18,107
    $0.00
    $0.00
    $362,200
    -
    $0.00
    $0.00
    $724,400

    Comparable in this City

    • Value Estimation by Request
      53,480 SF

      225 Canton Ctr Rd

      GROCERY, SUPERMARKET • 53,480 SF
      225 Canton Ctr Rd, Canton, MI 48188-3002
      View Details
    • Value Estimation by Request
      4,622 SF

      40200 Michigan Ave

      CONVENIENCE STORE • 4,622 SF
      40200 Michigan Ave, Canton, MI 48188-2906
      View Details
    • Value Estimation by Request
      3,027 SF

      40400 Michigan Ave

      CONVENIENCE STORE • 3,027 SF
      40400 Michigan Ave, Canton, MI 48188-2925
      View Details
    • Value Estimation by Request
      2,372 SF

      43431 Michigan Ave

      CONVENIENCE STORE • 2,372 SF
      43431 Michigan Ave, Canton, MI 48188-2514
      View Details
    • Value Estimation by Request
      1,222 SF

      125 Canton Ctr Rd

      CONVENIENCE STORE • 1,222 SF
      125 Canton Ctr Rd, Canton, MI 48188-3160
      View Details
    • Value Estimation by Request
      4,212 SF

      5596 Lilley Rd

      CONVENIENCE STORE • 4,212 SF
      5596 Lilley Rd, Canton, MI 48188-3666
      View Details

    Similar Nearby for Sale

    • $70,000
      10,635 SF

      Renovated Retail Space For Sale

      Recently renovated 1,600 SF retail space with parking.
      115-155 N Haggerty Rd, Canton, MI 48188
      View Details
    • Contact for pricing
      1.47 Acres

      Canton Retail Land Opportunity

      High-visibility retail land, multiple parcels.
      0 Michigan Ave & Old Canton Ctr Rd, Canton, MI 48188
      View Details
    • $331,000
      2.81 Acres

      Canton Commercial Land - $331K

      2.81 Acres, R-4 Zoning, High Visibility
      41983 Cherry Hill Rd, Canton, MI 48188
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    • $499,000

      Primrose Lane Land Opportunity

      0.80 acres ready for development near downtown Canton.
      345 S Canton Center Rd, Canton, MI 48188
      View Details
    • New
      $665,000
      5.00 Acres

      Canton Land Parcel For Sale

      5-acre vacant land parcel suitable for redevelopment in Canton, MI.
      2006 S Lilley Rd, Canton, MI 48188
      View Details
    • New
      $235,000
      4.61 Acres

      Canton, MI Buildable Land

      Approximately 3 acres of buildable land zoned for single-family residential.
      2340 S Lilley Rd, Canton, MI 48188
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      2,650 SF

      Retail Space in Canton Center

      Retail space available in a busy Canton shopping center.
      4011-4071 S Canton Center Rd, Canton, MI 48188
      View Details
    • Contact for pricing
      16,500 SF

      Retail Space in Prime Location

      Former Rite Aid space available for lease in Canton, MI.
      4081-4151 S Canton Center Rd, 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
    • $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
    • 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
      5.1k
    • Visitors by month
      4.4k
    • Avg Time on site
      6 min
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    40401 Michigan Ave
    Canton, MI 48188-2915
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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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