Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hamtramck Commercial Building For Sale Title is generated by Realmo AI

    9427 Conant St, Hamtramck, MI 48212

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $297,500

    Three-unit commercial building in Hamtramck's business hub, potential for various uses.

    Type:Commercial
    Property size:
    2,752 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $108/SF
    Added:
    Mar 24, 2026
    Days on Market:
    57
    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

    We can help!

    Listing Contact
    Albert J. Melfi

    Listing agent Albert J. Melfi

    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

    This is a three-unit commercial building located in the business hub of Hamtramck, with a total area of 2752 square feet. One unit has a separate front entrance and is currently leased with approximately three years remaining on the lease. The other two units were previously used as a physical therapy facility but are now vacant. The property offers potential for various commercial uses. Street parking is available. A shared bathroom serves all tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamtramck
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0495982
    Latitude
    42.39738

    Nearby Similar for Sale

    • $399,999
      8,000 SF

      Industrial Warehouse with Office Space

      8,000 sq ft industrial warehouse with office space.
      2203 E Mcnichols Road, Hamtramck, MI 48212
      View Details
    • $539,999
      4,970 SF

      Hamtramck Commercial Property For Sale

      Two buildings on a 0.52-acre lot, dealership potential.
      5720 E Davison Street, 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 Street, Hamtramck, MI 48212
      View Details
    • $599,000
      11,675 SF

      Industrial Davison - Automotive Repair and Salvage

      11,456 SF warehouse in Hamtramck, Michigan. Automotive repair/salvage use.
      5431 Davison St, Hamtramck, MI 48212
      View Details
    • $167,750
      1,547 SF

      Hamtramck Multi-Family Investment Opportunity

      Two-story, ten-bedroom multi-family property in Hamtramck, Michigan.
      2680 Carpenter, Hamtramck, MI 48212
      View Details
    • $180,000
      1,955 SF

      Hamtramck Duplex: Investor Opportunity

      Spacious duplex near Detroit's hubs, ideal for investors or homeowners.
      11727 Dyar Street, 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, Hamtramck, MI 48212
      View Details
    • $485,000
      18,977 SF

      Large Art Deco Industrial Building

      One-story industrial building with office suite and gated parking.
      2731 JEROME Street, Detroit City, MI 48212
      View Details
    • $1,100,000

      Hamtramck Commercial Building Opportunity

      Well-maintained commercial building suitable for various professional uses.
      2730 Caniff 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
    • $350,000

      Solid Brick Building in Hamtramck

      Brick building in Hamtramck, prime location, investment opportunity.
      2935 YEMANS St, Hamtramck, MI 48212
      View Details
    • $319,900

      Hamtramck Two-Family Home with Updates

      Updated two-family home near Hamtramck City Hall and park.
      3273 Yemans St, Hamtramck, MI 48212
      View Details

    FAQs

    What type of property is this?
    Retail space - Three-unit commercial building in Hamtramck's business hub, potential for various uses.
    Where is this retail space located?
    The property is located at 9427 Conant St Hamtramck, MI.
    What is the asking price?
    The asking price for this property is $297,500.
    What are key features of this property?
    This property features: 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.
    We can help!
    Listing Contact
    Albert J. Melfi
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    9427 Conant St, Hamtramck, MI 48212
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!