Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    46554 Michigan Ave Canton, MI 48188-2307
    Back to Search
    Property profile & analytics

    46554 Michigan Ave, Canton, MI 48188-2307

    View on Map
    • Retail space
    • 4,000 SF
    • 1.25 lot acres
    Off-Market
    Last Sale Oct 31, 2023
    Property ID
    US43-4815965
    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.
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 46554 Michigan Ave

    Year built
    2012
    Lot size
    1.25 lot acres
    Zone code
    RR
    Property type
    Retail space
    APN
    71 131 99 0011 000
    APU
    71131990011000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 31, 2023 — Song & Crane LLC East Blvd Development LLC Warranty Deed —
    Jan 23, 2013 — East Blvd Dev LLC Nikki Dev II LLC Grant Deed —
    Jan 30, 2012 $153,000 Nikki Dev II LLC Federal Natl Mtg Assn Fnma Grant Deed —
    Apr 28, 2011 — Federal Natl Mtg Assn Fnma Bac Home Loans Servicing LP Quit Claim Deed —
    Apr 15, 2011 $216,768 Bac Home Loans Servicing LP Deputy Sheriff Of Wayne County Trustees Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $548,000
      Market price range: $173k - $635k
      AI Estimate
      $548,000
      Market price range: $173k - $635k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $430,000
      Current use
      COMMERCIAL (GENERAL)
      $670,000
      Change: +56% Conversion: Easy
      OFFICE BUILDING
      $530,000
      Change: +24% Conversion: Easy
      AUTO REPAIR, GARAGE
      $440,000
      Change: +2% Conversion: Difficult
      MEDICAL BUILDING
      $390,000
      Change: -9% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4974
    Latitude
    42.2699
    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
    $10,945
    $0.00
    $0.00
    $206,400
    -
    $0.00
    $0.00
    $412,800

    Comparable in this City

    • Value Estimation
      $820,000
      5,886 SF

      50545 Cherry Hl Rd

      RETAIL STORES (PERSONAL SERVICES)
      50545 Cherry Hl Rd, Canton, MI 48188-1065
      View Details
    • Value Estimation by Request
      1,855 SF

      44100 Michigan Ave

      RETAIL STORES (PERSONAL SERVICES)
      44100 Michigan Ave, Canton, MI 48188-2521
      View Details
    • Value Estimation
      $1,090,000
      6,859 SF

      44600 Michigan Ave

      RETAIL STORES (PERSONAL SERVICES)
      44600 Michigan Ave, Canton, MI 48188-2431
      View Details
    • Value Estimation by Request
      0.32 Acres

      Michigan Ave

      Individual retail properties
      0 Michigan Ave, Canton, MI 48188
      View Details
    • Value Estimation
      $625,000
      2,916 SF

      47152 Michigan Ave

      FINANCIAL BUILDING
      47152 Michigan Ave, Canton, MI 48188-2583
      View Details
    • Value Estimation
      $2,990,000
      34,192 SF

      39915 Michigan Ave

      SHOW ROOM, WAREHOUSE
      39915 Michigan Ave, Canton, MI 48188-2901
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      36,601 SF

      Canton Retail Trophy Asset

      Fully leased retail property with long-term national tenants.
      43435 Ford Rd, Canton, MI 48188
      View Details
    • Contact for pricing
      20,140 SF

      Freestanding Building For Sale

      20,140 square foot freestanding building available for sale.
      43335 Michigan Ave, Canton, MI 48188
      View Details
    • $80,000
      2.30 Acres

      Residential Land Bundle in Canton

      Two residential lots totaling 3.08 acres in Canton Township.
      Barr Rd, Canton Twp, MI 48188
      View Details
    • Contact for pricing
      27,686 SF

      Travelodge Canton/Livonia Area Investment

      Profitable 83-unit hospitality property in a sought-after location.
      40500 Michigan Ave, Canton, MI 48188
      View Details
    • $599,900

      Industrial Land Near Detroit Airport

      4.6 acres of industrial land near Detroit Metropolitan Airport.
      5709 S Haggerty Rd, Canton, MI 48188
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,104 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
      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
      1,100 SF

      Retail Space Near I-275

      Retail space available near I-275 on-ramp with high traffic.
      40200 Michigan Ave, Canton, MI 48188
      View Details
    • Contact for pricing
      7,601 SF

      Retail Building on Michigan Avenue

      Retail spaces available in high-traffic area on Michigan Avenue.
      43667 Michigan Ave, Canton, MI 48188
      View Details
    • Contact for pricing

      Canton Retail Space Available

      Retail spaces available, ranging from 2,650 to 16,104 SqFt.
      4011-4121 Canton Center Rd, Canton, MI 48188
      View Details
    • Contact for pricing

      Canton Retail End-Cap Space

      Prime retail space in high-traffic Canton location.
      46540 Michigan Ave, Canton, MI 48188
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    46554 Michigan Ave
    Canton, MI 48188-2307
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    46554 Michigan Ave, Canton, MI, 48188
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!