2731 Jerome St, Detroit, MI 48212-1545
This exceptional 18,977-square-foot industrial building, situated on a 0.51-acre lot in Hamtramck, Michigan, presents a unique investment opportunity. Built in 1948, this single-story structure boasts classic Art Deco features, including large windows and original wood paneling in the office suite. The main space offers a completely open layout, ideal for a variety of uses, complemented by two commercial roll-up doors and robust concrete floors. Its history as a metal manufacturing plant speaks to its structural integrity. The property includes a gated parking lot with approximately 10-15 spaces. Zoned for Commercial, Heavy Industrial, Light Industrial, and Office use, this versatile property benefits from its prime location near major freeways (I-75, I-94, M-10) and thoroughfares (Woodward, Mound, and Davison Avenues), ensuring excellent accessibility. The asking price is $550,000, translating to $29 per square foot. The property's APN is W09I006740C6. This is a privately owned property, not a short sale.
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CAN-AM Metallurgical Corporation Factory Production Facility
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M2 · Detroit, MIDetroit. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.