45 SMITH LN
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Location
45 SMITH LN
Mblu
033/ / 002/ 001/000
Acct#
D2565R
Owner
SACO RETAIL MANAGEMENT LLC
Total Market Value
$3,109,000
PID
2239
Building Count
1
User Field 4
15
User Field 5
Topography
Utility
Public Sewer,Public Water
Location
Street/Road
Current Value
Assessment
Valuation YearImprovementsLandTotal
2025$1,448,200$1,660,800$3,109,000

Owner of Record
OwnerSACO RETAIL MANAGEMENT LLC
Co-Owner
Address30200 TELEGRAPH RD
SUITE #205
BINGHAM FARMS, MI 48025
Sale Price$1,000,000
Certificate
Book & Page 18888/50
Sale Date11/24/2021
Instrument301

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
SACO RETAIL MANAGEMENT LLC$1,000,000 18888/5030111/24/2021
507 MAIN STREET LLC$0 15819/04901N02/25/2010
DRAKE NATHANIEL A$0 15813/05731A02/12/2010
DRAKE NATHANIEL A$0 15813/05701A02/12/2010
DRAKE CAROL TRUSTEE ETALS$0 7827/0198 03/12/1996

Building Information
Building 1 : Section 1
Year Built: 2023
Living Area: 5,399
Replacement Cost: $1,398,223
Building Percent Good: 98
Replacement Cost
Less Depreciation:
$1,370,300
Building Attributes
FieldDescription
Style:Fast Food Chain
ModelCommercial
GradeGood
Stories:1
Occupancy3.00
Exterior Wall 1Stucco on Wood
Exterior Wall 2 
Roof StructureFlat
Roof CoverRolled Compos
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Tile
Interior Floor 2Concr-Finished
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseFAST FOOD
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:3830
Heat/ACHeat/AC Pkgs
Frame TypeSteel
Baths/PlumbingAverage
Ceiling/WallSuspend Ceiling/Walls
Rooms/PrtnsAverage
Wall Height16.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 5,399 5,399
   5,399 5,399

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
CLR1COOLER99.00 S.F.$2,9001
CLR2FREEZER TEMPS36.00 S.F.$1,5001
CLR1COOLER64.00 S.F.$1,8001
DUW1DRIVE-UP WINDW1.00 UNITS$10,8001

Land
Land Use
Use Code3830
DescriptionFAST FOOD  
ZoneHB
NeighborhoodCOM4
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)1.78
Frontage
Depth
Total Market Land$1,660,800

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
SGN3W/INT LIGHTS  40.00 S.F.&HGT$8,8001
PAV1PAVING-ASPHALT  13000.00 S.F.$29,3001
LT5MERC VAP/FLU  5.00 UNITS$7,1001
LT6W/DOUBLE LIGHT  1.00 UNITS$2,5001
SGN3W/INT LIGHTS  45.00 S.F.&HGT$13,2001
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2025$1,448,200$1,660,800$3,109,000
2024$1,004,900$1,518,200$2,523,100
2023$1,004,900$1,518,200$2,523,100
2022$818,800$694,000$1,512,800
Visit History
Visit History
Visit DatePurpose of VisitNotes
2/27/2025Assessor Reviewed 
10/25/2024Measur+Listed 
6/13/2023Measur+ListedCLOSED PERMITS FOR SIGNS- ADDED: SGN3 @48SQFT, SGN3 @27SQFT, SGN2 @ 36SQFT, SGN3 @ 12SQFT, SGN3 @ 45SQFT
5/24/2023Measur+ListedBUILT UP- LANDLINE TO 3830- REMOVED 10% VACANT DISCOUNT-
3/31/2023Measur/New UC Under Construction 
10/18/2022Assessor ReviewedOWNERS REQUESTED THE ADDRESS CHANGE TO 45 SMITH LN/ PER CODE OFFICE
8/24/2022Assessor ReviewedCHANGED THE ADDRESS BACK TO 507 MAIN ST (WAS 45 SMITH LANE)
8/24/2022Assessor ReviewedBUILDING DEMO'D PER PERMIT
4/26/2022Assessor ReviewedADDRESS CHANGE FROM 507 MAIN ST TO 45 SMITH LN/SUITES 101-103
8/9/2016Changed Mailing Address 
8/25/2004Assessor Reviewed8-25-04 HEARING N/C

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