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    Property profile & analytics

    408 Main St Milan, MI 48160-1510

    • Auto shops
    • 3,600 SF
    • 0.91 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 09, 2022
    Location Intelligence
    Property ID
    US43-0015678
    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

    • Auto shops

    Property Details for 408 Main St

    Lot size
    0.91 lot acres
    Property size
    3,600 SF
    Property type
    Auto shops
    APN
    53-040-029-00
    APU
    5304002900

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milan
    County
    Monroe
    State
    Michigan
    Longitude
    -83.6763
    Latitude
    42.0818
    CBSA code
    33780
    CBSA name
    MONROE, 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
    $3,081
    $0.00
    $0.00
    $57,600
    -
    $0.00
    $0.00
    $115,200

    Comparable in this City

    • Value Estimation by Request
      5,039 SF

      605 Platt Rd

      AUTO REPAIR, GARAGE • 5,039 SF
      605 Platt Rd, Milan, MI 48160-9304
      View Details
    • Value Estimation by Request
      1,300 SF

      404 County St

      AUTO REPAIR, GARAGE • 1,300 SF
      404 County St, Milan, MI 48160-1504
      View Details
    • Value Estimation by Request
      2,950 SF

      8625 Milan Oakville Rd

      AUTO REPAIR, GARAGE • 2,950 SF
      8625 Milan Oakville Rd, Milan, MI 48160-9016
      View Details
    • Value Estimation by Request
      4,454 SF

      431 Wabash St

      AUTO REPAIR, GARAGE • 4,454 SF
      431 Wabash St, Milan, MI 48160-1540
      View Details
    • Value Estimation by Request
      23,850 SF

      14137 Plank Rd

      TRUCK STOP (FUEL AND DINER) • 23,850 SF
      14137 Plank Rd, Milan, MI 48160-9100
      View Details
    • Value Estimation by Request
      4,848 SF

      725 Main St

      SERVICE STATION (FULL SERVICE) • 4,848 SF
      725 Main St, Milan, MI 48160-1551
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      61,357 SF

      Milan Plaza Retail Center

      High-traffic Milan retail space available
      531 Main St, Milan, MI 48160
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      Retail Space Anchored by Kroger

      Retail space available in Kroger-anchored shopping center in Milan.
      517-531 W Main St, Milan, MI 48160
      View Details
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    408 Main St
    Milan, MI 48160-1510
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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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