26-002647 Combined File.pdf
G4 Detroit Holdings, LLC Petitioner Vs. City Of Detroit Respondent · 26-002647-TT
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STATE OF MICHIGAN DEPARTMENT OF LICENSING & REGULATORY AFFAIRS MICHIGAN ADMINISTRATIVE HEARING SYSTEM MICHIGAN TAX TRIBUNAL G4 Detroit Holdings LLC, Petitioner, v. MTT Docket No. 26-002647 City Of Detroit, Respondent. ___________________________ PROOF OF SERVICE On 7/22/2026, I emailed the Respondent’s Answer, Proof of Service, Valuation Report, Assessment Notice, and Record Card for this appeal to: Michigan Tax Tribunal PO Box 30232 Lansing, MI 48909 And e-mailed a copy to Petitioner’s Representative: Stewart L. Mandell 2290 First National Building 660 Woodward Avenue Detroit, MI 48226-3506 [slmandell@honigman.com] I declare that the statement above is true to the best of my information, knowledge, and belief. Stacg Palmer Dated : 7/22/2026 Stacy Palmer Appraiser III, MCAO Coleman A. Young Municipal Center 2 Woodward Ave., Suite 804 Detroit, Michigan 48226
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ARCHIVED *** Information herein deemed reliable but not guaranteed*** WAYNE County: CITY OF DETROIT Jurisdiction: Printed on Parcel Number: 01000123-4 727,230C 755,800 12,600 743,200 2023 756,600S 756,600 13,400 743,200 2024 756,600S 756,600 13,400 743,200 2025 756,600S 756,600M 756,600 13,400 743,200 2026 Taxable Value Tribunal/ Other Board of Review Assessed Value Building Value Land Value Year Land Improvement Cost Estimates Description Rate Size % Good Cash Value D/W/P: Asphalt Paving 3.38 15700 50 26,533 Fencing: Wire Mesh, #9 4.11 135 50 277 Ad-Hoc Unit-In-Place Items Description Rate Size % Good Cash Value SHED 1.00 100 100 100 Total Estimated Land Improvements True Cash Value = 26,910 * Factors * Description Frontage Depth Front Depth Rate %Adj. Reason Value 127.00 124.00 1.0000 0.0000 0 100* 0 cbd-g sq ft 15,744.000 Sq Ft 94.41 100 1,486,334 * denotes lines that do not contribute to the total acreage calculation. 127 Actual Front Feet, 0.36 Total Acres Total Est. Land Value = 1,486,334 Land Value Estimates for Land Table CBD-G.CBD GENERAL JRB 02/03/2011 CONV IN HO KR 06/01/2009 CONV IN HO Who When What Level Rolling Low High Landscaped Swamp Wooded Pond Waterfront Ravine Wetland Flood Plain X X Topography of Site Dirt Road Gravel Road Paved Road Storm Sewer Sidewalk Water Sewer Electric Gas Curb Street Lights Standard Utilities Underground Utils. X X X X X X X X X Public Improvements Vacant X Improved The Equalizer. Copyright (c) 1999 - 2009. Licensed To: City of Detroit, County of Wayne, Michigan 3/18/2026 MBOR DENIED. VALUE SUSTAINED. SSC Comments/Influences S CONGRESS W 13 FT 85 86 BEAUBIEN FARM L6 P475-8 CITY RECORDS, W C R 1/7 1-2 BLK 4 BRUSH FARM L7 P224-5 CITY RECORDS, W C R 1/6 127 IRREG Tax Description G4 DETROIT HOLDINGS, LLC 1 KERCHEVAL AVE GROSSE POINTE FARMS MI 48236 Owner's Name/Address 410 E CONGRESS Property Address 2026 Est TCV 1,513,244 WARD#: 01 P.R.E. 0% School: DETROIT CITY SCHOOL DISTRICT Status Number Date Building Permit(s) Zoning: B6 Class: COMMERCIAL-VACANT 100.0 PROPERTY TRANSFER 2018236021 03-ARM'S LENGTH WD 07/24/2018 4,200,000 G4 DETROIT HOLDINGS, LLC THE DETROIT LEGAL NEWS COM Prcnt. Trans. Verified By Liber & Page Terms of Sale Inst. Type Sale Date Sale Price Grantee Grantor 07/21/2026
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ARCHIVED *** Information herein deemed reliable but not guaranteed*** Parcel Number: 01000123-4, Land Image Printed on 07/21/2026
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ARCHIVED *** Information herein deemed reliable but not guaranteed*** Parcel Number: 01000123-4 Printed on 07/21/2026
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ARCHIVED *** Information herein deemed reliable but not guaranteed*** WAYNE County: CITY OF DETROIT Jurisdiction: Printed on Parcel Number: 01000122. 790,058C 4,666,200 3,871,500 794,700 2023 829,560C 4,825,300 4,030,600 794,700 2024 855,276C 4,860,400 4,065,700 794,700 2025 878,368C 1,836,900M 4,015,600 3,220,900 794,700 2026 Taxable Value Tribunal/ Other Board of Review Assessed Value Building Value Land Value Year * Factors * Description Frontage Depth Front Depth Rate %Adj. Reason Value 146.00 118.00 1.0000 0.0000 0 100* 0 cbd-g sq ft 17,016.000 Sq Ft 93.40 100 1,589,310 * denotes lines that do not contribute to the total acreage calculation. 146 Actual Front Feet, 0.39 Total Acres Total Est. Land Value = 1,589,310 Land Value Estimates for Land Table CBD-G.CBD GENERAL JPS 11/29/2022 DESKTOP RE JPS 02/27/2018 REASSESSME SM 08/10/2016 REASSESSME Who When What Level Rolling Low High Landscaped Swamp Wooded Pond Waterfront Ravine Wetland Flood Plain X X Topography of Site Dirt Road Gravel Road Paved Road Storm Sewer Sidewalk Water Sewer Electric Gas Curb Street Lights Standard Utilities Underground Utils. X X X X X X X X X Public Improvements Vacant Improved X The Equalizer. Copyright (c) 1999 - 2009. Licensed To: City of Detroit, County of Wayne, Michigan 3/18/2026 MBOR GRANTED. CONDITION CHANGED FROM FAIR TO POOR. 50 % FUNCTIONAL OBSOLESCENCE APPLIED (GARAGE). AV REDUCED TO 1,836,900. SSC Comments/Influences S CONGRESS E 83-84 E 40 FT 85 BEAUBIEN FARM L6 P475-8 CITY RECORDS, W C R 1/7 146 IRREG Tax Description G4 DETROIT HOLDINGS, LLC 1 KERCHEVAL AVE GROSSE POINTE FARMS MI 48236 Owner's Name/Address 440 E CONGRESS Property Address 2026 Est TCV 3,754,882 TCV/TFA: 44.61 WARD#: 01 P.R.E. 0% School: DETROIT CITY SCHOOL DISTRICT Status Number Date Building Permit(s) Zoning: B6 Class: COMMERCIAL-IMPROVE 0.0 BUYER/SELLER 21692:00950 21-NOT USED/OTHER QC 06/01/1983 400,000 100.0 PROPERTY TRANSFER 2017240780 03-ARM'S LENGTH CD 06/27/2017 5,500,000 440 ASSOCIATES LLC 440 CONGRESS LLC 100.0 PROPERTY TRANSFER 2018234407 03-ARM'S LENGTH WD 07/23/2018 8,920,000 G4 DETROIT HOLDINGS, LLC 440 ASSOCIATES LLC Prcnt. Trans. Verified By Liber & Page Terms of Sale Inst. Type Sale Date Sale Price Grantee Grantor 07/21/2026
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ARCHIVED *** Information herein deemed reliable but not guaranteed*** Parcel Number: 01000122., Land Image Printed on 07/21/2026
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ARCHIVED Bsmnt Insul. Thickness (40) Exterior Wall: (39) Miscellaneous: (14) Roof Cover: (13) Roof Structure: Slope=0 Incandescent Fluorescent Mercury Sodium Vapor Transformer Flex Conduit Rigid Conduit Armored Cable Non-Metalic Bus Duct Few Average Many Unfinished Typical Few Average Many Unfinished Typical Fixtures: Outlets: (11) Electric and Lighting: Hand Fired Boiler Coal Stoker Gas Oil (10) Heating and Cooling: (9) Sprinklers: Urinals Wash Bowls Water Heaters Wash Fountains Water Softeners Total Fixtures 3-Piece Baths 2-Piece Baths Shower Stalls Toilets Few None Average Typical Many Above Ave. (8) Plumbing: (7) Interior: (6) Ceiling: (5) Floor Cover: (4) Floor Structure: (3) Frame: Block Brick/Stone Poured Conc. X Footings (2) Foundation: (1) Excavation/Site Prep: <<<<< Calculator Cost Computations >>>>> Class: B Quality: Average Stories: 1 Story Height: 12 Perimeter: 62 Overall Building Height: 12 Base Rate for Upper Floors = 147.61 (10) Heating system: Zoned A.C. Warm & Cooled Air Cost/SqFt: 27.48 100% Adjusted Square Foot Cost for Upper Floors = 175.09 Total Floor Area: 810 Base Cost New of Upper Floors = 141,824 Reproduction/Replacement Cost = 141,824 Eff.Age:50 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 40 /79 /100/100/31.6 Total Depreciated Cost = 44,816 <<<<< Segregated Cost Computations >>>>> Costs taken from Segregated Cost Section 3: Stores & Commercials Cost # or Height Storys Item Desciption Col. Rate SqFt Adj. Adj. Cost Total Cost New = 0 Architectural Multiplier: 1.07 Reproduction/Replacement Cost = 0 Eff.Age:50 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 40 /79 /100/100/31.6 Total Depreciated Cost = 0 <<<<< Calculations too long. See Valuation printout for complete pricing. >>>>> ** ** Calculator Cost Data ** ** Quality: Average Heat#1: Zoned A.C. Warm & Cooled Air 100% Heat#2: Zoned A.C. Warm & Cooled Air 0% Ave. SqFt/Story: 810 Ave. Perimeter: 62 Has Elevators: *** Basement Info *** Area: Perimeter: Type: Heat: Hot Water, Radiant Floor * Mezzanine Info * Area #1: Type #1: Area #2: Type #2: * Sprinkler Info * Area: Type: Average Low Ave. X Above Ave. High Construction Cost Comments: Overall Bldg Height 12 Year Built Remodeled 1939 Depr. Table : 2% Effective Age : 50 Physical %Good: 40 Func. %Good : 100 Economic %Good: 100 Class: B Floor Area: 810 Gross Bldg Area: 84,165 Stories Above Grd: 1 Average Sty Hght : 12 Bsmnt Wall Hght Desc. of Bldg/Section: 1ST FLOOR RETAIL Calculator Occupancy: Stores - Retail *** Information herein deemed reliable but not guaranteed*** Commercial/Industrial Building/Section 1 of 4 Printed on Parcel Number: 01000122. 07/21/2026
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ARCHIVED *** Information herein deemed reliable but not guaranteed*** Parcel Number: 01000122., Commercial/Industrial Building 1 Printed on 07/21/2026
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ARCHIVED Bsmnt Insul. Thickness (40) Exterior Wall: (39) Miscellaneous: (14) Roof Cover: (13) Roof Structure: Slope=0 Incandescent Fluorescent Mercury Sodium Vapor Transformer Flex Conduit Rigid Conduit Armored Cable Non-Metalic Bus Duct Few Average Many Unfinished Typical Few Average Many Unfinished Typical Fixtures: Outlets: (11) Electric and Lighting: Hand Fired Boiler Coal Stoker Gas Oil (10) Heating and Cooling: (9) Sprinklers: Urinals Wash Bowls Water Heaters Wash Fountains Water Softeners Total Fixtures 3-Piece Baths 2-Piece Baths Shower Stalls Toilets Few None Average Typical Many Above Ave. (8) Plumbing: (7) Interior: (6) Ceiling: (5) Floor Cover: (4) Floor Structure: (3) Frame: Block Brick/Stone Poured Conc. X Footings (2) Foundation: (1) Excavation/Site Prep: <<<<< Calculator Cost Computations >>>>> Class: B Quality: Average Stories: 1 Story Height: 12 Perimeter: 458 Overall Building Height: 12 Base Rate for Upper Floors = 69.95 (10) Heating system: No Heating or Cooling Cost/SqFt: 0.00 90% (10) Heating system: Electric Wall Heaters Cost/SqFt: 3.53 10% Combined Heating System adjustment: 0.35 100% Adjusted Square Foot Cost for Upper Floors = 70.30 Total Floor Area: 15,291 Base Cost New of Upper Floors = 1,075,002 Reproduction/Replacement Cost = 1,075,002 Eff.Age:50 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 40 /79 /50 /100/15.8 Total Depreciated Cost = 169,850 <<<<< Segregated Cost Computations >>>>> Costs taken from Segregated Cost Section 4: Garages, Industrials, Warehouses Cost # or Height Storys Item Desciption Col. Rate SqFt Adj. Adj. Cost Total Cost New = 0 Architectural Multiplier: 1.07 Reproduction/Replacement Cost = 0 <<<<< Calculations too long. See Valuation printout for complete pricing. >>>>> ** ** Calculator Cost Data ** ** Quality: Average Heat#1: No Heating or Cooling 90% Heat#2: Electric Wall Heaters 10% Ave. SqFt/Story: 15291 Ave. Perimeter: 458 Has Elevators: X *** Basement Info *** Area: Perimeter: Type: Heat: Hot Water, Radiant Floor * Mezzanine Info * Area #1: Type #1: Area #2: Type #2: * Sprinkler Info * Area: Type: Average Low X Ave. Above Ave. High Construction Cost Comments: 450 PKG SPACES Overall Bldg Height 12 Year Built Remodeled 1939 Depr. Table : 2% Effective Age : 50 Physical %Good: 40 Func. %Good : 50 Economic %Good: 100 Class: B Floor Area: 15,291 Gross Bldg Area: 84,165 Stories Above Grd: 1 Average Sty Hght : 12 Bsmnt Wall Hght Desc. of Bldg/Section: 1ST FLOOR PKG GARAGE Calculator Occupancy: Garages - Parking Structures Above Ground *** Information herein deemed reliable but not guaranteed*** Commercial/Industrial Building/Section 2 of 4 Printed on Parcel Number: 01000122. 07/21/2026
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ARCHIVED Bsmnt Insul. Thickness (40) Exterior Wall: (39) Miscellaneous: (14) Roof Cover: (13) Roof Structure: Slope=0 Incandescent Fluorescent Mercury Sodium Vapor Transformer Flex Conduit Rigid Conduit Armored Cable Non-Metalic Bus Duct Few Average Many Unfinished Typical Few Average Many Unfinished Typical Fixtures: Outlets: (11) Electric and Lighting: Hand Fired Boiler Coal Stoker Gas Oil (10) Heating and Cooling: (9) Sprinklers: Urinals Wash Bowls Water Heaters Wash Fountains Water Softeners Total Fixtures 3-Piece Baths 2-Piece Baths Shower Stalls Toilets Few None Average Typical Many Above Ave. (8) Plumbing: (7) Interior: (6) Ceiling: (5) Floor Cover: (4) Floor Structure: (3) Frame: Block Brick/Stone Poured Conc. X Footings (2) Foundation: (1) Excavation/Site Prep: <<<<< Calculator Cost Computations >>>>> Class: B Quality: Average Stories: 1 Story Height: 10 Perimeter: 524 Overall Building Height: 10 Base Rate for Upper Floors = 67.36 (10) Heating system: No Heating or Cooling Cost/SqFt: 0.00 100% Adjusted Square Foot Cost for Upper Floors = 67.36 Total Floor Area: 17,016 Base Cost New of Upper Floors = 1,146,198 Reproduction/Replacement Cost = 1,146,198 Eff.Age:50 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 40 /79 /50 /100/15.8 Total Depreciated Cost = 181,099 <<<<< Segregated Cost Computations >>>>> Costs taken from Segregated Cost Section 4: Garages, Industrials, Warehouses Cost # or Height Storys Item Desciption Col. Rate SqFt Adj. Adj. Cost Total Cost New = 0 Architectural Multiplier: 1.07 Reproduction/Replacement Cost = 0 Eff.Age:50 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 40 /79 /50 /100/15.8 Total Depreciated Cost = 0 <<<<< Calculations too long. See Valuation printout for complete pricing. >>>>> ** ** Calculator Cost Data ** ** Quality: Average Heat#1: No Heating or Cooling 100% Heat#2: No Heating or Cooling 0% Ave. SqFt/Story: 17016 Ave. Perimeter: 524 Has Elevators: X *** Basement Info *** Area: Perimeter: Type: Heat: Hot Water, Radiant Floor * Mezzanine Info * Area #1: Type #1: Area #2: Type #2: * Sprinkler Info * Area: Type: Average Low X Ave. Above Ave. High Construction Cost Comments: Overall Bldg Height 10 Year Built Remodeled 1939 Depr. Table : 2% Effective Age : 50 Physical %Good: 40 Func. %Good : 50 Economic %Good: 100 Class: B Floor Area: 17,016 Gross Bldg Area: 84,165 Stories Above Grd: 1 Average Sty Hght : 10 Bsmnt Wall Hght Desc. of Bldg/Section: 2ND FLOOR PKG GARAGE Calculator Occupancy: Garages - Parking Structures Above Ground *** Information herein deemed reliable but not guaranteed*** Commercial/Industrial Building/Section 3 of 4 Printed on Parcel Number: 01000122. 07/21/2026
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ARCHIVED Bsmnt Insul. Thickness (40) Exterior Wall: (39) Miscellaneous: (14) Roof Cover: (13) Roof Structure: Slope=0 Incandescent Fluorescent Mercury Sodium Vapor Transformer Flex Conduit Rigid Conduit Armored Cable Non-Metalic Bus Duct Few Average Many Unfinished Typical Few Average Many Unfinished Typical Fixtures: Outlets: (11) Electric and Lighting: Hand Fired Boiler Coal Stoker Gas Oil (10) Heating and Cooling: (9) Sprinklers: Urinals Wash Bowls Water Heaters Wash Fountains Water Softeners Total Fixtures 3-Piece Baths 2-Piece Baths Shower Stalls Toilets Few None Average Typical Many Above Ave. (8) Plumbing: (7) Interior: (6) Ceiling: (5) Floor Cover: (4) Floor Structure: (3) Frame: Block Brick/Stone Poured Conc. X Footings (2) Foundation: (1) Excavation/Site Prep: <<<<< Calculator Cost Computations >>>>> Class: B Quality: Average Stories: 3 Story Height: 10 Perimeter: 523 Overall Building Height: 31 Base Rate for Upper Floors = 179.18 (10) Heating system: Package Heating & Cooling Cost/SqFt: 25.46 100% Adjusted Square Foot Cost for Upper Floors = 204.64 Total Floor Area: 51,048 Base Cost New of Upper Floors = 10,446,463 Reproduction/Replacement Cost = 10,446,463 Eff.Age:50 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 40 /79 /100/100/31.6 Total Depreciated Cost = 3,301,082 <<<<< Segregated Cost Computations >>>>> Costs taken from Segregated Cost Section 5: Offices, Banks, Hospitals Cost # or Height Storys Item Desciption Col. Rate SqFt Adj. Adj. Cost Total Cost New = 0 Architectural Multiplier: 1.07 Reproduction/Replacement Cost = 0 Eff.Age:50 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 40 /79 /100/100/31.6 Total Depreciated Cost = 0 <<<<< Calculations too long. See Valuation printout for complete pricing. >>>>> ** ** Calculator Cost Data ** ** Quality: Average Heat#1: Package Heating & Cooling 100% Heat#2: Zoned A.C. Warm & Cooled Air 0% Ave. SqFt/Story: 17016 Ave. Perimeter: 523 Has Elevators: X *** Basement Info *** Area: Perimeter: Type: Heat: Hot Water, Radiant Floor * Mezzanine Info * Area #1: Type #1: Area #2: Type #2: * Sprinkler Info * Area: Type: Average Low Ave. Above Ave. High X Construction Cost Comments: Overall Bldg Height 31 Year Built Remodeled 1939 Depr. Table : 2% Effective Age : 50 Physical %Good: 40 Func. %Good : 100 Economic %Good: 100 Class: B Floor Area: 51,048 Gross Bldg Area: 84,165 Stories Above Grd: 3 Average Sty Hght : 10 Bsmnt Wall Hght Desc. of Bldg/Section: FLOOR 3-5 Calculator Occupancy: Office Buildings *** Information herein deemed reliable but not guaranteed*** Commercial/Industrial Building/Section 4 of 4 Printed on Parcel Number: 01000122. 07/21/2026
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ARCHIVED 0 00 1,513,244 MARKET VALUE Questions regarding the Notice of Assessment, Taxable Valuation, and Property Classification may be directed to the following: 9. YEAR BUILT (ACTUAL AGE): The 2026 Inflation Rate Multiplier is: 1.027 7. ESTIMATED TRUE CASH VALUE (MARKET VALUE): 6. ASSESSOR CHANGE REASON: 8. EFFECTIVE AGE: X Exempt As "Qualified Forest Property": Exempt As "Development Property": THIS IS NOT A TAX BILL X No Yes Notice of Assessment, Taxable Valuation, and Property Classification Michigan Department of Treasury, 1019 (Rev, 11-23) ACCORDING TO MCL 211.34c THIS PROPERTY IS CLASSIFIED AS: 5. There WAS/WAS NOT a transfer of ownership on this property in 1. TAXABLE VALUE (Current amount is tentative): % Exempt As "Qualified Agricultural Property": PARCEL IDENTIFICATION Legal Description: 0 756,600 The change in taxable value will increase/decrease your tax bill for this year by approximately: 0 PROPERTY ADDRESS: No Yes PRINCIPAL RESIDENCE EXEMPTION GROSSE POINTE FARMS MI 48236 NAME AND ADDRESS OF OWNER OR PERSON NAMED ON ASSESSMENT ROLL PARCEL NUMBER: This form is issued under the authority of P.A. 206 of 1893, Sec. 211.24 (c) and Sec.211.34c, as amended. This is a model assessment notice to be used by the local assessor. L-4400 FROM: CITY OF DETROIT OFFICE OF THE ASSESSOR 2 WOODWARD AVE., SUITE 804 DETROIT, MI 48226 01000123-4 1 KERCHEVAL AVE 410 E CONGRESS G4 DETROIT HOLDINGS, LLC 202 (COMMERCIAL-VACANT) PRIOR YEAR'S CLASSIFICATION: CURRENT TENTATIVE AMOUNT YEAR: PRIOR AMOUNT YEAR: CHANGE FROM PRIOR YEAR TO CURRENT YEAR 756,600 756,600 0 2. ASSESSED VALUE: 756,600 756,600 3. TENTATIVE EQUALIZATION FACTOR: 1.000 4. STATE EQUALIZED VALUE (SEV) : 756,600 WAS NOT 2025 % Exempt As "Homeowners Principal Residence": .00% % Exempt As "MBT Industrial Personal": .00% .00% % Exempt As "MBT Commercial Personal": .00% S CONGRESS W 13 FT 85 86 BEAUBIEN FARM L6 P475-8 CITY RECORDS, W C R 1/7 1-2 BLK 4 BRUSH FARM L7 P224-5 CITY RECORDS, W C R 1/6 127 IRREG 202 (COMMERCIAL-VACANT) $0 2025 2026
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ARCHIVED 0 00 3,754,882 MARKET VALUE Questions regarding the Notice of Assessment, Taxable Valuation, and Property Classification may be directed to the following: 9. YEAR BUILT (ACTUAL AGE): The 2026 Inflation Rate Multiplier is: 1.027 7. ESTIMATED TRUE CASH VALUE (MARKET VALUE): 6. ASSESSOR CHANGE REASON: 8. EFFECTIVE AGE: X Exempt As "Qualified Forest Property": Exempt As "Development Property": THIS IS NOT A TAX BILL X No Yes Notice of Assessment, Taxable Valuation, and Property Classification Michigan Department of Treasury, 1019 (Rev, 11-23) ACCORDING TO MCL 211.34c THIS PROPERTY IS CLASSIFIED AS: 5. There WAS/WAS NOT a transfer of ownership on this property in 1. TAXABLE VALUE (Current amount is tentative): % Exempt As "Qualified Agricultural Property": PARCEL IDENTIFICATION Legal Description: -844,800 1,836,900 The change in taxable value will increase/decrease your tax bill for this year by approximately: -844,800 PROPERTY ADDRESS: No Yes PRINCIPAL RESIDENCE EXEMPTION GROSSE POINTE FARMS MI 48236 NAME AND ADDRESS OF OWNER OR PERSON NAMED ON ASSESSMENT ROLL PARCEL NUMBER: This form is issued under the authority of P.A. 206 of 1893, Sec. 211.24 (c) and Sec.211.34c, as amended. This is a model assessment notice to be used by the local assessor. L-4400 FROM: CITY OF DETROIT OFFICE OF THE ASSESSOR 2 WOODWARD AVE., SUITE 804 DETROIT, MI 48226 01000122. 1 KERCHEVAL AVE 440 E CONGRESS G4 DETROIT HOLDINGS, LLC 201 (COMMERCIAL-IMPROVED) PRIOR YEAR'S CLASSIFICATION: CURRENT TENTATIVE AMOUNT YEAR: PRIOR AMOUNT YEAR: CHANGE FROM PRIOR YEAR TO CURRENT YEAR 855,276 878,368 23,092 2. ASSESSED VALUE: 4,015,600 4,860,400 3. TENTATIVE EQUALIZATION FACTOR: 1.000 4. STATE EQUALIZED VALUE (SEV) : 4,860,400 WAS NOT 2025 % Exempt As "Homeowners Principal Residence": .00% % Exempt As "MBT Industrial Personal": .00% .00% % Exempt As "MBT Commercial Personal": .00% S CONGRESS E 83-84 E 40 FT 85 BEAUBIEN FARM L6 P475-8 CITY RECORDS, W C R 1/7 146 IRREG 201 (COMMERCIAL-IMPROVED) $1,898 2025 2026
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ARCHIVED Valuation Report DB: Detroit-26 07/21/2026 09:24 AM 756,600 756,600 756,600 777,028 756,600 0 2026 Assessed MBOR S.E.V. Capped ->Taxable<- PRE/MBT 0 0 0 0 0 0 2026 New Eq. Adjustment Loss Additions Tax Adjustment Losses 756,600 756,600 756,600 756,600 2.70 2025 Assessed MBOR S.E.V. Base for Cap IRM Est. TCV/Total Floor Area = 0.00, Most recent sale 07/24/2018 for 4,200,000 2026 Est. T.C.V. 01000123-4 = 1,513,244 Total Estimated Land Improvements True Cash Value = 26,910 SHED 1.00 100 100 100 Description Rate Size % Good Cash Value Ad-Hoc Unit-In-Place Items Fencing: Wire Mesh, #9 4.11 135 50 277 D/W/P: Asphalt Paving 3.38 15700 50 26,533 Description Rate Size % Good Cash Value Land Improvement Cost Estimates 127 Actual Front Feet, 0.36 Total Acres Total Est. Land Value = 1,486,334 * denotes lines that do not contribute to the total acreage calculation. cbd-g sq ft 15,744.000 Sq Ft 94.41 100 1,486,334 127.00 124.00 1.0000 0.0000 0 100* 0 Description Frontage Depth Front Depth Rate %Adj. Reason Value * Factors * Land Value Estimates for Land Table CBD-G.CBD GENERAL Map #: 01 CITY OF DETROIT DETROIT, MI 48226 Property Class: 202 410 E CONGRESS 01000123-4 2026 Est. T.C.V. G4 DETROIT HOLDINGS, LLC
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ARCHIVED Valuation Report DB: Detroit-26 07/21/2026 09:23 AM Reproduction/Replacement Cost = 1,075,002 Total Floor Area: 15,291 Base Cost New of Upper Floors = 1,075,002 Adjusted Square Foot Cost for Upper Floors = 70.30 Combined Heating System adjustment: 0.35 100% (10) Heating system: Electric Wall Heaters Cost/SqFt: 3.53 10% (10) Heating system: No Heating or Cooling Cost/SqFt: 0.00 90% Base Rate for Upper Floors = 69.95 Overall Building Height: 12 Stories: 1 Story Height: 12 Perimeter: 458 Class: B Quality: Average <<<<< Calculator Cost Computations >>>>> Costs are taken from the Garages - Parking Structures Above Ground cost schedules. Description of Occupancy: 1ST FLOOR PKG GARAGE Cost Estimates for Commercial/Industrial Building/Section: 2 Built 1939 50 % Completed => Est. True Cash Value 2026 = 23,977 Replacement Cost/Floor Area= 175.09 Est. TCV/Floor Area= 59.20 ECF (CCMX- CENTRAL CORE MIXED USE) 1.070 => TCV of Bldg: 1 = 47,954 Total Depreciated Cost = 0 Eff.Age:50 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 40 /79 /100/100/31.6 Reproduction/Replacement Cost = 0 Architectural Multiplier: 1.07 Total Cost New = 0 Item Desciption Col. Rate SqFt Adj. Adj. Cost Cost # or Height Storys Costs taken from Segregated Cost Section 3: Stores & Commercials <<<<< Segregated Cost Computations >>>>> Total Depreciated Cost = 44,816 Eff.Age:50 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 40 /79 /100/100/31.6 Reproduction/Replacement Cost = 141,824 Total Floor Area: 810 Base Cost New of Upper Floors = 141,824 Adjusted Square Foot Cost for Upper Floors = 175.09 (10) Heating system: Zoned A.C. Warm & Cooled Air Cost/SqFt: 27.48 100% Base Rate for Upper Floors = 147.61 Overall Building Height: 12 Stories: 1 Story Height: 12 Perimeter: 62 Class: B Quality: Average <<<<< Calculator Cost Computations >>>>> Costs are taken from the Stores - Retail cost schedules. Description of Occupancy: 1ST FLOOR RETAIL Cost Estimates for Commercial/Industrial Building/Section: 1 Built 1939 146 Actual Front Feet, 0.39 Total Acres Total Est. Land Value = 1,589,310 * denotes lines that do not contribute to the total acreage calculation. cbd-g sq ft 17,016.000 Sq Ft 93.40 100 1,589,310 146.00 118.00 1.0000 0.0000 0 100* 0 Description Frontage Depth Front Depth Rate %Adj. Reason Value * Factors * Land Value Estimates for Land Table CBD-G.CBD GENERAL Map #: 01 CITY OF DETROIT DETROIT, MI 48226 Property Class: 201 440 E CONGRESS 01000122. 2026 Est. T.C.V. G4 DETROIT HOLDINGS, LLC
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ARCHIVED Valuation Report DB: Detroit-26 07/21/2026 09:23 AM (10) Heating system: Package Heating & Cooling Cost/SqFt: 25.46 100% Base Rate for Upper Floors = 179.18 Overall Building Height: 31 Stories: 3 Story Height: 10 Perimeter: 523 Class: B Quality: Average <<<<< Calculator Cost Computations >>>>> Costs are taken from the Office Buildings cost schedules. Description of Occupancy: FLOOR 3-5 Cost Estimates for Commercial/Industrial Building/Section: 4 Built 1939 Replacement Cost/Floor Area= 67.36 Est. TCV/Floor Area= 11.39 ECF (CCMX- CENTRAL CORE MIXED USE) 1.070 => TCV of Bldg: 3 = 193,776 Total Depreciated Cost = 0 Eff.Age:50 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 40 /79 /50 /100/15.8 Reproduction/Replacement Cost = 0 Architectural Multiplier: 1.07 Total Cost New = 0 Item Desciption Col. Rate SqFt Adj. Adj. Cost Cost # or Height Storys Costs taken from Segregated Cost Section 4: Garages, Industrials, Warehouses <<<<< Segregated Cost Computations >>>>> Total Depreciated Cost = 181,099 Eff.Age:50 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 40 /79 /50 /100/15.8 Reproduction/Replacement Cost = 1,146,198 Total Floor Area: 17,016 Base Cost New of Upper Floors = 1,146,198 Adjusted Square Foot Cost for Upper Floors = 67.36 (10) Heating system: No Heating or Cooling Cost/SqFt: 0.00 100% Base Rate for Upper Floors = 67.36 Overall Building Height: 10 Stories: 1 Story Height: 10 Perimeter: 524 Class: B Quality: Average <<<<< Calculator Cost Computations >>>>> Costs are taken from the Garages - Parking Structures Above Ground cost schedules. Description of Occupancy: 2ND FLOOR PKG GARAGE Cost Estimates for Commercial/Industrial Building/Section: 3 Built 1939 Replacement Cost/Floor Area= 70.30 Est. TCV/Floor Area= 11.89 ECF (CCMX- CENTRAL CORE MIXED USE) 1.070 => TCV of Bldg: 2 = 181,740 Total Depreciated Cost = 0 Eff.Age:50 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 40 /79 /50 /100/15.8 Reproduction/Replacement Cost = 0 Architectural Multiplier: 1.07 Total Cost New = 0 Item Desciption Col. Rate SqFt Adj. Adj. Cost Cost # or Height Storys Costs taken from Segregated Cost Section 4: Garages, Industrials, Warehouses <<<<< Segregated Cost Computations >>>>> Total Depreciated Cost = 169,850 Eff.Age:50 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 40 /79 /50 /100/15.8 Parcel Number: 01000122. Page: 2
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ARCHIVED Valuation Report DB: Detroit-26 07/21/2026 09:23 AM 4,015,600 1,836,900 1,836,900 878,368 878,368 0 2026 Assessed MBOR S.E.V. Capped ->Taxable<- PRE/MBT 0 -3,023,500 0 0 23,092 0 2026 New Eq. Adjustment Loss Additions Tax Adjustment Losses 4,860,400 4,860,400 4,860,400 855,276 2.70 2025 Assessed MBOR S.E.V. Base for Cap IRM Est. TCV/Total Floor Area = 44.61, Most recent sale 07/23/2018 for 8,920,000 2026 Est. T.C.V. 01000122. = 3,754,882 Total Estimated True Cash Value of Commercial/Industrial Buildings = 2,165,572 50 % Completed => Est. True Cash Value 2026 = 1,766,079 Replacement Cost/Floor Area= 204.64 Est. TCV/Floor Area= 69.19 ECF (CCMX- CENTRAL CORE MIXED USE) 1.070 => TCV of Bldg: 4 = 3,532,158 Total Depreciated Cost = 0 Eff.Age:50 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 40 /79 /100/100/31.6 Reproduction/Replacement Cost = 0 Architectural Multiplier: 1.07 Total Cost New = 0 Item Desciption Col. Rate SqFt Adj. Adj. Cost Cost # or Height Storys Costs taken from Segregated Cost Section 5: Offices, Banks, Hospitals <<<<< Segregated Cost Computations >>>>> Total Depreciated Cost = 3,301,082 Eff.Age:50 Phy.%Good/Abnr.Phy./Func./Econ./Overall %Good: 40 /79 /100/100/31.6 Reproduction/Replacement Cost = 10,446,463 Total Floor Area: 51,048 Base Cost New of Upper Floors = 10,446,463 Adjusted Square Foot Cost for Upper Floors = 204.64 Parcel Number: 01000122. Page: 3