Greenfield's 10 Most Valuable Commercial Properties

Check out the photo gallery of the top 10 and the video of the top 5.

Ever wonder what the most valuable property in Greenfield is?

Well, thanks to City Assessor Eric Miller's help, Greenfield Patch found out and has compiled a list of the top 10 most valuable commercial properties in the city, based on assessed values.

The top 10 is below, with links to the property's Patch directory listing or web page (if available). We've also compiled a photo gallery for you, and took a look at the top five in a short video.

  • 1. , approximately $24.1 million
  • 2. Greenfield Place Mall, $21.3 million
  • 3. , $19.9 million
  • 4. Spring Mall, $18.9 million
  • 5. , $17.9 million
  • 6. Briarwick Pool Apartments, $17.0 million
  • 7. , $16.9 million
  • 8. , $15.7 million
  • 9. , $13.8 million
  • 10. , $13.7 million
Greenfield Resident April 01, 2011 at 07:12 PM
What ever happened to Mt. Carmel Health & Rehab Center at 5700 W. Layton Ave.? I remember that at one time it was the highest assessed commercial property in Greenfield and now, according to the city assessment records, it appears to be assessed only $250,000. It looks like mostly the land (19.5 acres) is assessed. I guess I must be missing something or maybe the property has become non-profit? For 2010, the taxes were a mere $6094. I looked up taxkey 602-9947-003. Seems like $250,000 for 19.5 prime acres is a bit skimpy, at that. Especially prime real estate with on and off ramps for the freeway in the center of the city.
David Cotey April 01, 2011 at 08:29 PM
Greenfield Resident, I'm not entirely familiar with the situation yet, but from what I understand, there was a lawsuit a few years back between Mount Carmel and the city that resulted in the assessed value dropping by millions of dollars and knocking the center from the top of the list.
Greenfield Resident April 01, 2011 at 09:08 PM
I remember that lawsuit, but I wonder if that is still the cause of the depressed valuation. That was quite a few years ago and values in the city have changed quite a bit since then- especially since most of the commercial property has been developed and high profile land is scarce near the freeways. Maybe that is a question I should pose to the mayor.
Greenfield Resident April 01, 2011 at 11:57 PM
According to JS Online archives, Mount Carmel is owned by Kindred Health Care, a for-profit corporation, so it doesn't seem that Mount Carmel would be exempt from tax. So there must be some other reason for the low valued assessment. Several years ago, when Mayor Seider was in office, I did see that Mount Carmel made a request of the city of Greenfield to build a $12 million addition, which I believe was approved and built.


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