LEE COUNTY PROPERTY APPRAISER GENERATED ON 5/28/2025 8:28 PM Current Working Values
SITE ADDRESS
CORNER LOT
OWNER'S NAME
BELL TOWER CAMPUS INN LIMITED
OWNER'S ADDRESS
300 S THAYER ST
ANN ARBOR MI 48104
PROPERTY DESCRIPTION
PARL IN NW 1/4 OF SEC 11 +
SE + SW 1/4 OF SEC 02 DESC
OR 2314 PG 0394
DOR CODE 15 - REGIONAL SHOPPING CENTER
NBHD CODE
59-201.0
MCGREGOR / SUMMERLIN
BUILDING CHARACTERISTICS
ELEMENT CODE TYPE / DESCRIPTION / VALUE
STORIES 1.0
BEDROOMS 0
BATHROOMS 0
EXTERIOR WALL 26 VINYL/ALUMINUM SIDING
EXTERIOR WALL 0 NONE
ROOF STRUCTURE 9 RIGID FRAME W/BAR
ROOF COVER 12 MODULAR METAL\SHINGLE
INTERIOR WALL 5 DRYWALL
INTERIOR WALL 0 NONE
INTERIOR FLOOR 11 CERAMIC CLAY TILE
INTERIOR FLOOR 14 CARPET
HEATING FUEL 4 ELECTRIC
HEATING TYPE 4 FORCED AIR-DUCTED
AC TYPE 4 ROOF TOP
QUALITY 4.0000 ABOVE AVERAGE
INDOOR SPRINKLER SYSTEM SPRINK 0.00
BUILDING SUBAREA DETAIL
AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST
BASE 1999 13,064 100 13,064   832,908
FINISHED OPEN PORCH 1999 2,484 30 745   47,498
STOOP 1999 60 10 6   383
   
   
   
   
   
   
   
   
   
   
   
   
   
TOTALS 15,608 13,815 880,789
          E X T R A    F E A T U R E S
LINE CODE DESCRIPTION LENGTH WIDTH UNITS UNIT PRICE PCT COND L/B YEAR AMN DEPR DEPR ADJ CAP FLAG COST
1 BLK TOP BLACK TOP - IMPROVED 0.00 0.00 467342.00 4.00 1.00 L 1993 2.00 0.60 - *
2 SPKLR SPRINKLER SYSTEM (INTERIOR) 0.00 0.00 13064.00 2.40 1.00 B 1999 2.00 0.60 - 18,812
 
 
 
 
 
 
 
 
 
TOTAL OF EXTRA FEATURE VALUES 18,812
                  L A N D
LINE CODE DESCRIPTION ZONING FRONT DEPTH DF CF TYPE UNIT PRICE UNITS UT TOTAL ADJ CAP EVAL NOTES
1 1500 REGIONL SH CTR CC 0 0 1.00 1.00 0 9.50 1,007,543.00 SF 1.00 - KW
 
 
 
 
 
 
 
 
 
TOTAL OF LAND LINE VALUES 9,571,659
FOLIO ID: 10121864 STRAP: 02-46-23-00-00012.0000
CARD 1 of 1
STRUCT
INDEX 		BASE
RATE 		EFF
BASE RATE 		EFF
AREA 		RCN REMAINING
WORTH 		COST
VALUE
0.92 154.00 141.68 13,815 1,957,309 45% 880,789
IMP TYPE 39 - Shopping Center - Community MODEL 4 - COMMERCIAL
FLOOR 1
Floor plan
BOOK/PAGE OR
INSTRUMENT 		DATE TYPE
INST 		OVR
CODE 		V
I 		SALE
PRICE
2016000008969 1/12/2016 01 01 I 26,000,000
2993/3829 7/31/1998 06 06 I 27,650,000
2314/394 7/1/1992 02 02 V 3,200,000
1602/232 4/1/1982 02 02 V 1,056,000
 
 
 
VALUE SUMMARY Current Values 2024
BUILDING COST VALUE 880,789 15,655,617
BUILDING EXTRA FEATURES 18,812 360,088
LAND EXTRA FEATURES 1,121,621 1,212,107
LAND VALUE 9,571,659 9,571,659
COST APPROACH VALUE 11,592,881 26,799,471
INCOME APPROACH VALUE * *
SALES APPROACH VALUE 9,571,669 20,150,870
MARKET VALUE 9,571,669 20,150,870