Property profile

45490 Michigan Ave Canton, MI 48188

OFF-MARKET
Banks
Property ID
US43-1760576
6,706 SF 5.98 ac lot Built 2002
Entity Owned Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2002
Total area 6,706 SF
Lot 5.98 ac (260,489 SF)
Zoning code C-3
APN 71 129 99 0002 710
UPID US43-1760576

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
  • Gas Station
  • Atm
  • Bank Credit Union
  • Grocery & Convenience Store

Location

45490 Michigan Ave Canton, MI 48188-2303
Canton metro Census 564800 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.44M
Blend (final) Blend
$1.44M

Owner & transaction history

2 recorded transactions
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-3 · Canton, MI
Zoning description

00. - C-1, VILLAGE SHOPPING DISTRICT ARTICLE 15.00. - C-1, VILLAGE SHOPPING DISTRICT Expand ARTICLE 16.00. - C-2, COMMUNITY COMMERCIAL DISTRICT ARTICLE 16.00. - C-2, COMMUNITY COMMERCIAL DISTRICT Expand ARTICLE 17.00. -…

General category COMMERCIAL
Top alternative use upside
Restaurant $1.7M +70.0%
Apartment house (5+ units) $1.5M +51.3%
Commercial (general) $1.1M +10.8%

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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