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    Property profile & analytics

    Milan, MI 48160

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-2169396
    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

    • Commercial real estate

    Property Details

    Property type
    Commercial real estate
    APN
    11-200-116-01
    APU
    1120011601

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milan
    County
    Monroe
    State
    Michigan
    Longitude
    -83.6793
    Latitude
    42.0905
    CBSA code
    33780
    CBSA name
    MONROE, 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
    $1,177
    $0.00
    $0.00
    $22,200
    -
    $0.00
    $0.00
    $44,400

    Comparable in this City

    • Value Estimation by Request
      4.90 Acres

      1 Redman Rd

      Land • 4.90 Acres
      1 Redman Rd, Milan, MI 48160
      View Details
    • Value Estimation by Request

      11962 Carpenter Rd

      COMMERCIAL (GENERAL)
      11962 Carpenter Rd, Milan, MI 48160
      View Details
    • Value Estimation by Request
      5.99 Acres

      531 Main St

      COMMERCIAL (GENERAL) • 5.99 Acres
      531 Main St, Milan, MI 48160-9559
      View Details
    • Value Estimation by Request

      10672 Stony Crk Rd

      COMMERCIAL (GENERAL)
      10672 Stony Crk Rd, Milan, MI 48160-9543
      View Details
    • Value Estimation by Request
      7,469 SF

      17175 Hickory Rd

      COMMERCIAL (GENERAL) • 7,469 SF
      17175 Hickory Rd, Milan, MI 48160-9217
      View Details
    • Value Estimation by Request
      12,050 SF

      237 Main St

      COMMERCIAL (GENERAL) • 12,050 SF
      237 Main St, Milan, MI 48160-1217
      View Details

    Similar Nearby for Sale

    • $1,800,000
      52.00 Acres

      Milan Development Land: 52 Acres

      US-23 frontage, prime development opportunity.
      1 Main St, Milan, MI 48160
      View Details
    • $350,000
      4.90 Acres

      Milan Commercial Land - 4.9 Acres

      Prime Milan location, city utilities, high traffic.
      1 Redman Rd, Milan, MI 48160
      View Details
    • $3,500,000
      79,830 SF

      Milan Warehouse: Prime Industrial Space

      79,830 SF Warehouse, 7 Acres, $3.5M
      525 Redman Rd, Milan, MI 48160
      View Details
    • $295,000
      11.08 Acres

      Milan Land Ready to Build

      Over 11 acres near Ann Arbor, graded for home placement.
      Crane Rd, Milan, MI 48160
      View Details
    • $1,300,000

      Milan, MI Development Opportunity

      47+/- acres with highway frontage in growing Milan, MI.
      1 E Main St, Milan, MI 48160
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    • $1,900,000
      18.53 Acres

      Prime Commercial Land Near US-23

      18.53 acre commercial land parcel with US-23 visibility.
      Arkona Rd, Milan, MI 48160
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    Similar Nearby for Lease

    • Contact for pricing
      61,357 SF

      Milan Plaza Retail Center

      High-traffic Milan retail space available
      531 Main St, Milan, MI 48160
      View Details
    • Contact for pricing
      4,005 SF

      Retail Space Anchored by Kroger

      Retail space available in Kroger-anchored shopping center in Milan.
      517-531 W Main St, Milan, MI 48160
      View Details
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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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