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    50861 Schoenherr Rd Shelby Township, MI 48315-3143

    • Drive through restaurants
    • 2,950 SF
    • 1.02 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 09, 2024
    Location Intelligence
    Property ID
    US43-2322543
    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

    • Drive through restaurants

    Property Details for 50861 Schoenherr Rd

    Year built
    2011
    Lot size
    1.02 lot acres
    Property size
    2,950 SF
    Zone code
    C-2
    Property type
    Drive through restaurants
    APN
    23-07-23-226-013
    APU
    230723226013

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shelby Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9951
    Latitude
    42.6697
    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
    2022
    $18,473
    $0.00
    $0.00
    $511,700
    -
    $0.00
    $0.00
    $1,023,400

    Comparable in this City

    • Value Estimation by Request
      2,828 SF

      45201 Schoenherr Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,828 SF
      45201 Schoenherr Rd, Utica, MI 48315-6017
      View Details
    • Value Estimation
      $1,795,000
      3,856 SF

      45301 Schoenherr Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,856 SF
      45301 Schoenherr Rd, Utica, MI 48315-6019
      View Details
    • Value Estimation by Request
      4,985 SF

      13811 Hall Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,985 SF
      13811 Hall Rd, Shelby Township, MI 48315-6102
      View Details
    • Value Estimation by Request
      4,428 SF

      45010 Utica Park Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,428 SF
      45010 Utica Park Blvd, Utica, MI 48315-5911
      View Details
    • Value Estimation by Request
      4,075 SF

      15029 23rd Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,075 SF
      15029 23rd Mile Rd, Shelby Township, MI 48315-3011
      View Details
    • Value Estimation
      $1,655,000
      4,217 SF

      46925 Hayes Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,217 SF
      46925 Hayes Rd, Shelby Township, MI 48315-5509
      View Details

    Similar Nearby for Sale

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      Shelby Market Opportunity

      Established market with Mediterranean kitchen in high-traffic location.
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      Restaurant & Sports Bar Opportunity

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    • $229,000
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      Turnkey Restaurant Opportunity

      Established franchise restaurant with loyal customer base for sale.
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      1.70 Acres

      Prime Shelby Twp Commercial Land

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    Similar Nearby for Lease

    • $200,000
      2,080 SF

      Utica Restaurant w/Drive-Thru For Lease

      Prime Fast Food Location, 2080 SF
      45101 Schoenherr Rd, Utica, MI 48315
      View Details
    • Contact for pricing
      1,470 SF

      Utica Creative Office Space for Lease

      1,470 sq ft Single-Tenant Retail/Office
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      View Details
    • $25 SF/Yr
      3,240 SF

      Shelby Township Flex Space Available

      Flex space with high ceilings, overhead doors, and ample parking.
      45147-45231 Market St, Shelby Township, MI 48315
      View Details
    • $20 SF/Yr
      2,350 SF

      Retail/Medical Space Available

      2,350 SF in-line space, built-out medical. Available March 2026.
      47053 Hayes Rd, Shelby Township, MI 48315
      View Details
    • $25 SF/Yr
      800 SF

      Hall Road Retail Space Available

      Retail space with high visibility and strong retail synergy.
      13987 Hall Rd, Shelby Township, MI 48315
      View Details
    • $17 SF/Yr
      17,200 SF

      Market Street Executive Suites

      Shelby Twp Office Space, 2,025-4,407 SF
      45467 Market St, Shelby Township, MI 48315
      View Details
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    Shelby Township, MI 48315-3143
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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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