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    Property profile & analytics

    8787 Sheldon Rd Canton, MI 48187-1970

    • Retail space
    • 4,020 SF
    • 1.20 lot acres
    OFF-MARKET
    Value Estimation
    $830,000
    Last Sale
    Nov 30, 2020
    $770,000
    Location Intelligence
    Property ID
    US43-1714579
    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

    • Retail space

    Property Details for 8787 Sheldon Rd

    Year built
    1988
    Lot size
    1.20 lot acres
    Property size
    4,020 SF
    Zone code
    C-1
    Property type
    Retail space
    APN
    71 010 99 0004 001
    APU
    71010990004001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $840,000

    • CAP approach

      CAP return
      Estimation
      6%
      $715,000
      6.5%
      $765,000
      7%
      $740,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $725,000
      Geo Method
      $835,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $870,000
      Retail
      $785,000
      Mixed-Use
      $895,000
      Hospitality
      $775,000
      Educational
      $905,000
      Residential Income
      $770,000
      Energy
      $830,000
      Income-Based Land
      $690,000
      Food Service
      $800,000

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4798
    Latitude
    42.3509
    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
    $20,593
    $0.00
    $0.00
    $384,500
    -
    $0.00
    $0.00
    $769,000

    Comparable in this City

    • Value Estimation by Request
      31,000 SF

      40150 Frd Rd

      RETAIL STORES (PERSONAL SERVICES) • 31,000 SF
      40150 Frd Rd, Canton, MI 48187-4427
      View Details
    • Value Estimation by Request
      11,959 SF

      41889 Frd Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,959 SF
      41889 Frd Rd, Canton, MI 48187-3649
      View Details
    • Value Estimation
      $1,720,000
      12,133 SF

      7170 Haggerty Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,133 SF
      7170 Haggerty Rd, Canton, MI 48187-2436
      View Details
    • Value Estimation by Request
      7,250 SF

      5804-6034 Sheldon Rd

      Individual retail properties • 7,250 SF
      5804-6034 Sheldon Rd, Canton, MI 48187
      View Details
    • Value Estimation by Request
      5,640 SF

      41420 Frd Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,640 SF
      41420 Frd Rd, Canton, MI 48187-3654
      View Details
    • Value Estimation by Request
      6,859 SF

      41741 Frd Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,859 SF
      41741 Frd Rd, Canton, MI 48187-3651
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space on Ford Road

      Retail property on a prominent commercial corridor with high traffic.
      42400 Ford Rd, Canton, MI 48187
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    • $995,000
      7,680 SF

      Canton Retail Building - $995K

      7,680 SF Retail Space, 2 Acres, Updated 2024
      45570 Maben Rd, Canton, MI 48187
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    • Contact for pricing
      193 SF

      Retail Space in New Towne Plaza

      Retail space in Canton's regional retail corridor on Ford Road.
      44412 Ford Rd, Canton, MI 48187
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    • $40,000
      1,087 SF

      Established Cafe Business Opportunity

      Turnkey cafe business for sale with all fixtures included.
      50166-50296 Cherry Hill Rd, Canton, MI 48187
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    • Contact for pricing
      68,619 SF

      Canton Retail Center For Sale

      Dominant neighborhood shopping center in Canton retail area.
      5804-6034 N Sheldon Rd, Canton, MI 48187
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    • $3,205,330
      6,511 SF

      Canton Carrabba's Restaurant Sale

      High-return restaurant investment, strong tenant.
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    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Canton Retail Space: Prime Location

      2,000 SF Retail Space Available in Canton, MI
      44412-44730 Ford Rd, Canton, MI 48187
      View Details
    • $32 SF/Yr
      19,460 SF

      Canton Retail Space For Lease

      Prime Canton storefront, 2,800 sq ft available.
      42400 Ford Rd, Canton, MI 48187
      View Details
    • Contact for pricing
      7,250 SF

      Harvard Square Retail Spaces

      Canton, MI retail opportunity. Multiple spaces available.
      5804-6034 Sheldon Rd, Canton, MI 48187
      View Details
    • Contact for pricing
      14,400 SF

      Retail Space on Ford Road

      Prime retail location in Canton, Michigan with strong demographics.
      43711 Ford Rd, Canton, MI 48187
      View Details
    • Contact for pricing
      2,003 SF

      Freestanding Building with Drive-Thru

      Former chiropractic building with drive-thru opportunity in Canton, MI.
      7233-7399 N Lilley Rd, Canton, MI 48187
      View Details
    • 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

    Property Visit Statistics

    • Visits by month
      10.4k
    • Visitors by month
      5.6k
    • Avg Time on site
      4 min
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    Canton, MI 48187-1970
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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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