32 REISS AVE
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Location
32 REISS AVE
Mblu
130/ 4890/ 32/ /
Parcel ID
N03940
Owner
HLE TARGETCO LLC
PBN
Total Market Value
$10,123,000
Appraisal
$10,123,000
Internal ID
108994
Building Count
3
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2027$5,794,800$4,328,200$10,123,000
Assessment
Valuation YearImprovementsLandTotal
2027$5,794,800$4,328,200$10,123,000

Owner of Record
OwnerHLE TARGETCO LLC
Co-Owner
Address3838 LIVERNOIS RD STE 200
TROY, MI 48083-5066
Sale Price$10
Certificate
Book & Page 00242/0159
Sale Date08/26/2026
Instrument1V

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
HLE TARGETCO LLC$10 00242/01591V08/26/2026
NAI ENTERTAINMENT HOLDINGS LLC$10 00204/01421B10/13/2010
NATIONAL AMUSEMENTS INC$5,700,000 00168/01231A05/29/1997

Building Information
Building 1 : Section 1
Year Built: 1997
Living Area: 66,446
Replacement Cost: $6,441,205
Building Percent Good: 51
Replacement Cost
Less Depreciation:
$3,285,000
Building Attributes
FieldDescription
Style:Theaters Encl.
ModelCommercial
GradeAverage
Stories:1
Occupancy1.00
Exterior Wall 1Concr/Cinder
Exterior Wall 2 
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2Terrazzo Epoxy
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseMovie Theater
Total Rooms 
Total Bedrms00
Total Baths9
1st Floor Use:3620
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height32.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 66,446 66,446
CANCanopy 1,617 0
   68,063 66,446
Building 2 : Section 1
Year Built: 2001
Living Area: 6,159
Replacement Cost: $708,499
Building Percent Good: 83
Replacement Cost
Less Depreciation:
$588,100
Building Attributes : Bldg 2 of 3
FieldDescription
Style:Restaurant
ModelCommercial
GradeAverage
Stories:1
Occupancy1.00
Exterior Wall 1Clapboard
Exterior Wall 2 
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2K PINE/A WD
Interior Floor 1Pergo
Interior Floor 2Terrazzo Epoxy
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseRestaurant/Club
Total Rooms 
Total Bedrms00
Total Baths2
1st Floor Use:3260
Heat/ACHEAT/AC PKGS
Frame TypeSTEEL
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height12.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 6,159 6,159
CANCanopy 1,047 0
FOPPorch, Open 696 0
   7,902 6,159
Building 3 : Section 1
Year Built: 2003
Living Area: 5,640
Replacement Cost: $693,042
Building Percent Good: 83
Replacement Cost
Less Depreciation:
$575,200
Building Attributes : Bldg 3 of 3
FieldDescription
Style:Restaurant
ModelCommercial
GradeAverage
Stories:1
Occupancy1.00
Exterior Wall 1Stone/Masonry
Exterior Wall 2Clapboard
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Wall Brd/Wood
Interior Wall 2Drywall/Sheet
Interior Floor 1Terrazzo Epoxy
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseRestaurant/Club
Total Rooms 
Total Bedrms 
Total Baths2
1st Floor Use: 
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingABOVE AVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height12.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 5,640 5,640
FDUUtility, finished, detached 224 0
FEPPorch, Enclosed 60 0
FOPPorch, Open 126 0
   6,050 5,640

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
CLR1COOLER168.00 S.F.$4,9002
SPR1SPRINKLERS-WET5600.00 S.F.$7,4003
CLR2FREEZER TEMPS48.00 S.F.$1,7002
SPR1SPRINKLERS-WET6159.00 S.F.$8,2002
SPR1SPRINKLERS-WET6320.00 S.F.$5,2001
MEZ1MEZZANINE-UNF960.00 S.F.$7,8001
MEZ2FINISHED6320.00 S.F.$77,4001
ELV1PSSNGR ELEVTR2.00 STOP$30,6001
GENGENERATOR1.00 UNITS$3,6001

Land
Land Use
Use Code3620
DescriptionMovie Theater  
ZoneHRC
NeighborhoodC400
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)22.66
Frontage0
Depth0
Total Market Land$4,328,200
Appraised Value$4,328,200

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
SGN3W/INT LIGHTS  208.00 S.F.&HGT$20,8003
SGN3W/INT LIGHTS  65.00 S.F.&HGT$6,5002
LT12W/FOUR LIGHTS  2.00 UNITS$14,0003
LT9HGH PRE-SOD PL  1.00 UNITS$2,8002
LT6W/DOUBLE LIGHT  4.00 UNITS$12,0002
LT12W/FOUR LIGHTS  4.00 UNITS$28,0002
PAV1PAVING-ASPHALT  423093.00 S.F.$977,3001
LT9HGH PRE-SOD PL  9.00 UNITS$22,7001
LT10W/DOUBLE LIGHT  11.00 UNITS$41,6001
LT11W/TRIPLE LIGHT  9.00 UNITS$47,0001
LT1LIGHTS-IN W/PL  20.00 UNITS$27,0001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2026$4,787,900$4,124,200$8,912,100
2025$4,517,400$3,855,500$8,372,900
2024$4,422,700$3,670,200$8,092,900

Assessment
Valuation YearImprovementsLandTotal
2026$4,787,900$4,124,200$8,912,100
2025$4,517,400$3,855,500$8,372,900
2024$4,422,700$3,670,200$8,092,900

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