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    Property profile & analytics

    5855 Monroe Blvd Taylor, MI 48180-1321

    • Bars
    • 2,112 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 03, 2024
    Location Intelligence
    Property ID
    US43-1422421
    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

    • Bars

    Property Details for 5855 Monroe Blvd

    Year built
    1961
    Lot size
    0.33 lot acres
    Property size
    2,112 SF
    Zone code
    B-3
    Property type
    Bars
    Property subtype
    Pubs
    APN
    60 002 01 0051 301
    APU
    60002010051301

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Taylor
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2501
    Latitude
    42.2687
    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
    2019
    $5,252
    $0.00
    $0.00
    $88,600
    -
    $0.00
    $0.00
    $177,200

    Comparable in this City

    • Value Estimation by Request
      2,750 SF

      25018 Ecorse Rd

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      25018 Ecorse Rd, Taylor, MI 48180-1563
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    • Value Estimation by Request
      9,361 SF

      21104 Goddard Rd

      BAR, TAVERN • 9,361 SF
      21104 Goddard Rd, Taylor, MI 48180-4355
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    • Value Estimation by Request
      3,336 SF

      20620 Northline Rd

      BAR, TAVERN • 3,336 SF
      20620 Northline Rd, Taylor, MI 48180-4722
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    • Value Estimation
      $145,000
      3,300 SF

      8820 Pelham Rd

      BAR, TAVERN • 3,300 SF
      8820 Pelham Rd, Taylor, MI 48180-3853
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    • Value Estimation by Request
      2,353 SF

      25677 Van Born Rd

      BAR, TAVERN • 2,353 SF
      25677 Van Born Rd, Taylor, MI 48180-1168
      View Details
    • Value Estimation by Request
      1,600 SF

      25677 Van Born Rd

      BAR, TAVERN • 1,600 SF
      25677 Van Born Rd, Taylor, MI 48180-1168
      View Details

    Similar Nearby for Sale

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      Turnkey Bar Opportunity For Sale

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      Turnkey Bar and Restaurant Opportunity

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      Bob Evans NNN Investment Opportunity

      Long-term NNN lease with annual rent increases and strong sales.
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      Restaurant in Kirklynn Plaza

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    Similar Nearby for Lease

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      Retail Opportunity on Telegraph Road

      Retail property available for lease on Telegraph Road in Taylor.
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      Retail/Restaurant Space Near Southland Center

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      Taylor Retail Space - Eureka Road

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      Cambridge Square: Retail Opportunity

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      Prime Commercial Property in Taylor

      High-visibility commercial property in Taylor, ideal for diverse business uses.
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      Eureka Road Commercial Property

      Commercial property available for rent on Eureka Road.
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    5855 Monroe Blvd
    Taylor, MI 48180-1321
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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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