9427 Conant St, Hamtramck, MI 48212
Three-unit commercial building in Hamtramck's business hub, potential for various uses.
- Added:
- Mar 24, 2026
- Days on Market:
- 105
- Last Refresh:
- Mar 21 at 7:46 am
Property Features for 9427 Conant St
General Information
- Standard status
- Active
- Size
- 2,752 SF
- Lot size
- 0.07 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1945
Listing office
Listing date Mar 24, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Albert J. Melfi
HighLights
- Three‑unit commercial building in Hamtramck's business hub.
- Total of 2752 sq ft of commercial space.
- One unit is already leased out with a 3‑year lease in place.
- Separate front entrance for the leased unit.
- Two vacant units previously used as a physical therapy facility.
- Potential for various commercial uses.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.6k | $14.40 |
| − Vacancy | −$2.4k | −$0.86 |
| EGI | $37.3k | $13.54 |
| − OpEx | −$11.2k | −$4.06 |
| NOI | $26.1k | $9.48 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hamtramck
- County
- Wayne
- State
- Michigan
- Longitude
- -83.0495982
- Latitude
- 42.39738
