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    2932 Caniff St Hamtramck, MI 48212

    New
    For Sale
    $600,000

    SINGLE_FAMILY - Hamtramck, MI

    Type:Retail
    Property size:
    600,000 SF
    Lot size:
    0.08 Acres
    Days on Market:
    1
    Last Refresh:
    Dec 5 at 7:06 pm

    Property Features for 2932 Caniff St

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Bathroom 3, Bathroom 2, Bathroom 1
    Bathrooms
    3
    APN
    41-006-02-0023-301
    Interior features
    Broadband
    Size
    600,000 SF
    Lot size
    0.08 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air

    Building Details

    Year built
    1926
    Number of units
    7

    @propertiesChristie's Int'l RE (248) 850-8632

    Listing agent Andrew Dow (313) 721-9956

    Listing date Dec 5, 2025

    Copyright © 2025 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hamtramck Commercial Opportunity

    Located on Caniff Street in Hamtramck, this commercial property, currently operating as The Sanctuary, presents a prime investment or owner-operator opportunity. The main floor features a flexible, open space suitable for events, performances, gallery use, or retail purposes. The upper level houses six fully rented artist studios, providing a source of income. The property is available as real estate only. Its central Hamtramck location and strong visibility enhance its appeal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hamtramck
    County
    Wayne
    State
    Michigan
    Longitude
    -83.058988
    Latitude
    42.399837

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    FAQs

    What type of property is this?
    Retail space - Commercial property with flexible space and artist studios in Hamtramck.
    Where is this retail space located?
    The property is located at 2932 Caniff St Hamtramck, MI.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Prime commercial property on Caniff Street in Hamtramck.; - Currently operating as The Sanctuary, offering flexible open space for events, performances, gallery, or retail.; - Six fully rented artist studios upstairs generate steady income.
    (313) 721-9956
    Request Owner's contact information
    2932 Caniff St Hamtramck, MI 48212
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    Hamtramck, MI 48212
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2932 Caniff St Hamtramck, MI 48212
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