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    Property profile & analytics

    8177 Sheldon Rd Canton, MI 48187-1973

    • Grocery and convenience stores
    • 8,380 SF
    • 1.04 lot acres
    OFF-MARKET
    Value Estimation
    $920,000
    Last Sale
    Aug 22, 2024
    $1,200,000
    Location Intelligence
    Property ID
    US43-5266418
    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

    • Canton City Market / Liquor Store
    • ATM (Warren & Sheldon Mobil) / Atm / Cars
    • Cash2Bitcoin Bitcoin ATM / Atm

    Property Details for 8177 Sheldon Rd

    Year built
    1984
    Construction
    BRICK
    Lot size
    1.04 lot acres
    Property size
    8,380 SF
    Zone code
    C-1
    Property type
    Grocery and convenience stores
    APN
    71 010 99 0006 001
    APU
    71010990006001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $930,000

    • CAP approach

      CAP return
      Estimation
      6%
      $995,000
      6.5%
      $895,000
      7%
      $980,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $995,000
      Geo Method
      $995,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $735,000
      Retail
      $965,000
      Mixed-Use
      $880,000
      Hospitality
      $870,000
      Educational
      $1,035,000
      Residential Income
      $835,000
      Energy
      $820,000
      Income-Based Land
      $920,000
      Food Service
      $975,000

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4794
    Latitude
    42.3451
    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
    $22,617
    $0.00
    $0.00
    $435,800
    -
    $0.00
    $0.00
    $871,600

    Comparable in this City

    • Value Estimation by Request
      4,235 SF

      44350 Warren Rd

      CONVENIENCE STORE • 4,235 SF
      44350 Warren Rd, Canton, MI 48187-2145
      View Details
    • Value Estimation by Request
      2,400 SF

      42438 Warren Rd

      CONVENIENCE STORE • 2,400 SF
      42438 Warren Rd, Canton, MI 48187-2355
      View Details
    • Value Estimation by Request
      1,508 SF

      41345 Frd Rd

      CONVENIENCE STORE • 1,508 SF
      41345 Frd Rd, Canton, MI 48187-3656
      View Details
    • Value Estimation by Request
      99,742 SF

      1905 Canton Ctr Rd

      GROCERY, SUPERMARKET • 99,742 SF
      1905 Canton Ctr Rd, Canton, MI 48187-2954
      View Details
    • Value Estimation by Request
      2,370 SF

      8773 Haggerty Rd

      CONVENIENCE STORE • 2,370 SF
      8773 Haggerty Rd, Canton, MI 48187-2052
      View Details
    • Value Estimation by Request
      15,178 SF

      5727 Lotz Rd

      GROCERY, SUPERMARKET • 15,178 SF
      5727 Lotz Rd, Canton, MI 48187-4332
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Established Cafe Business Opportunity

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      Canton Retail Center For Sale

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      Canton Carrabba's Restaurant Sale

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    Similar Nearby for Lease

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      Canton Retail Space: Prime Location

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      Canton Retail Space For Lease

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      Harvard Square Retail Spaces

      Canton, MI retail opportunity. Multiple spaces available.
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      Retail Space on Ford Road

      Prime retail location in Canton, Michigan with strong demographics.
      43711 Ford Rd, Canton, MI 48187
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      Freestanding Building with Drive-Thru

      Former chiropractic building with drive-thru opportunity in Canton, MI.
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    • Contact for pricing
      261,360 SF

      Canton Retail Land - I-275 Frontage

      High-traffic retail land, multiple outlots available.
      0 Ford Rd, Canton, MI 48187
      View Details
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    Canton, MI 48187-1973
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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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