Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9819 Conant St Hamtramck, MI 48212

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $549,999

    Vibrant commercial corridor property suitable for various business concepts.

    Lot size:
    0.07 Acres

    Property Features for 9819 Conant St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.07 Acres

    Building Details

    Year built
    1922

    We can help!

    Listing Contact
    Farhan Pervez
    Source: Elliman

    Listing Agent: Farhan Pervez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Conant Street Commercial Opportunity

    Located on Conant Street, this property is situated in a vibrant and rapidly developing commercial area. Currently operating as White Star Night Club, the property features a solid brick exterior and an open interior layout. The building has well-maintained mechanical systems. The space is versatile and adaptable for various concepts, including a restaurant, coffee shop, retail business, medical or professional office, or a community or religious center. The area is experiencing new investment and activity, attracting steady traffic and strong local visibility. This property presents an opportunity in a growing area of the city. The liquor license is sold separately.
    Location Intelligence

    Current Use by Public Records

    Night clubs

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    HenriettaHaus, Kelly's Bar Hamtramck, The Painted Lady Lounge, Motor City Sports Bar, Ears Showplace

    Location Insight

    • Map
    • Local Demand
    City
    Hamtramck
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0513694
    Latitude
    42.3999955

    Nearby Similar for Sale

    • New
      $549,000
      4,970 SF

      Hamtramck Commercial Opportunity

      Two buildings on a large lot with many opportunities.
      5720 E Davison St, Hamtramck, MI 48212
      View Details
    • $549,999
      6,016 SF

      Hamtramck Commercial Property on Conant

      Versatile commercial property on vibrant Conant Street, Hamtramck.
      9819 Conant St, Hamtramck, MI 48212
      View Details
    • $450,000
      2,359 SF

      Hamtramck Multi-Family Investment Opportunity

      Well-maintained duplex in prime location, ideal for investors or owner-occupants.
      2285-2291 Alice St, Hamtramck, MI 48212
      View Details
    • $210,000
      1,955 SF

      Spacious Hamtramck Duplex Opportunity

      Hamtramck duplex near Detroit's hubs, ideal for investors.
      11727 Dyar St, Hamtramck, MI 48212
      View Details
    • $5,000,000
      1,400 SF

      Hamtramck Commercial Property For Sale

      Commercial property in Hamtramck's business district, currently a dental office.
      11329 Joseph Campau St, Hamtramck, MI 48212
      View Details
    • $599,000
      11,675 SF

      Industrial Davison - Automotive Repair and Salvage

      Industrial Space currently used as BMW Repair and Salvage - Business an/or Building offered together or separate.
      5431 Davison St, Hamtramck, MI 48212
      View Details
    • $799,000
      14,000 SF

      Two Buildings Near Bangla Town

      Two buildings totaling 14,000 SF across from Bangla Town Park.
      13231 Conant St, Hamtramck, MI 48212
      View Details
    • $1,718,750

      Freestanding Dollar General Store

      Single tenant Dollar General on a signalized corner.
      3812 E Davison St, Hamtramck, MI 48212
      View Details
    • $450,000

      Hamtramck Multifamily Investment Opportunity

      Well-maintained two-unit property in a high-demand area.
      2285-2291 Alice St, Hamtramck, MI 48212
      View Details
    • Contact for pricing
      11,060 SF

      Hamtramck Dollar General Investment Opportunity

      Dollar General in Hamtramck, MI with over 3 years term.
      3812 E Davison St, Hamtramck, MI 48212
      View Details
    • Contact for pricing
      1,500 SF

      Retail Building with Cannabis Approval

      Freestanding 1,500 SF retail building with approved cannabis use.
      5808 E Mcnichols Rd, Hamtramck, MI 48212
      View Details
    • $549,900

      Established Business with Rental Income

      Thriving business with rental income and private parking.
      10224 Conant St, Hamtramck, MI 48212
      View Details

    FAQs

    What type of property is this?
    Night club - Vibrant commercial corridor property suitable for various business concepts.
    Where is this night club located?
    The property is located at 9819 Conant St Hamtramck, MI.
    What is the asking price?
    The asking price for this property is $549,999.
    What are key features of this property?
    This property features: - Located on Conant Street, a vibrant and fast-developing commercial corridor.; - Move-in ready with well-maintained mechanicals, adaptable for various concepts.; - Solid brick exterior and open interior layout offer versatile space.
    (734) 246-2200
    Request Owner's contact information
    9819 Conant St Hamtramck, MI 48212
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9819 Conant St
    Hamtramck, MI 48212
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    9819 Conant St Hamtramck, MI 48212
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Farhan Pervez
    (734) 246-2200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!