Versatile Office
2730 Caniff Street Unit SourceFi Hamtramck, MI 48212
2730 Caniff Street Unit SourceFi, Hamtramck, MI, 48212
$1,100,000
For Sale
$1,100,000
Well-maintained commercial building with dedicated private parking for up to 20 vehicles and use subject to deed restrictions.
Property Size9,600 SF
Price / SF$114.58
Days on Market53
Property Features for 2730 Caniff Street Unit SourceFi
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Property subtype
- Industrial
Listing Agency
XPI Realty
(313) 424-9962
Listed by
Ben Bawazir · License #6501359047
(313) 424-9962
Source
Xome
Added: May 30 Updated: Jul 18 at 1:58 am Checked: Jul 20 at 1:38 am
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 XPI Realty
Investment Insights
Based on property information with market context.
This well-maintained commercial building offers a turn-key setup suited for a range of professional uses, including medical urgent care, private school, fitness center, or office headquarters. The property includes a dedicated private parking lot accommodating up to 20 vehicles, supporting day-to-day operations and client or student access.
Located in Hamtramck, the building is positioned in a high-visibility area with strong foot traffic and community presence. Please note that the property use is subject to specific deed restrictions from the previous owner; it cannot be used as a house of worship for non-Christian religions, including mosques.
Overall, the asset is designed to support high-value, service-oriented tenancy with on-site parking and a clear, turn-key presentation, while remaining mindful of the deed restriction limitations.
Located in Hamtramck, the building is positioned in a high-visibility area with strong foot traffic and community presence. Please note that the property use is subject to specific deed restrictions from the previous owner; it cannot be used as a house of worship for non-Christian religions, including mosques.
Overall, the asset is designed to support high-value, service-oriented tenancy with on-site parking and a clear, turn-key presentation, while remaining mindful of the deed restriction limitations.
Key Highlights
- Well‑maintained commercial building in Hamtramck, with potential uses including medical urgent care, private school, fitness center, or professional office
- Dedicated private parking lot with capacity for up to 20 vehicles
- Property includes 3 guest facilities
Local Financial Insights For Healthcare Medical
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 | $192.4k | $20.04 |
| − Vacancy | −$23.9k | −$2.49 |
| EGI | $168.5k | $17.55 |
| − OpEx | −$67.4k | −$7.02 |
| NOI | $101.1k | $10.53 |
9,600 SF · lease $20.04/SF/yr · vacancy 12.42% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.44M
$1.26M – $1.68M
NOI $101,094 @ 7.0% cap · market cap 9.19%
Second Best
Office B
$472.1K
$413.1K – $550.8K
NOI $33,048 @ 7.0% cap · market cap 3.00%
Theoretical Best
Specialty Retail
$1.78M
$1.56M – $2.07M
NOI $124,416 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Well-maintained commercial building with dedicated private parking for up to 20 vehicles and use subject to deed restrictions.
Where is this office building located?
The property is located at 2730 Caniff Street Unit SourceFi Hamtramck, MI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Well‑maintained commercial building in Hamtramck, with potential uses including medical urgent care, private school, fitness center, or professional office; Dedicated private parking lot with capacity for up to 20 vehicles; Property includes 3 guest facilities
