Commercial Real Estate Market in Hamtramck, MI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
75 active listings and 1,642 off-market properties in Hamtramck, MI. Commercial property asks $77/SF to buy and $11.18/SF/Yr to lease.
Market Trends
Hamtramck, MI spans 9.5 square miles in Wayne County, Michigan. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Hamtramck, MI asks $86/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Hamtramck, MI asks $101/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hamtramck, MI runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Hamtramck, MI asks $69/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 60.8%
- Industrial 33.3%
- Commercial 5.9%
Largest Zones share of zoned land by district
Residential
Industrial District
Multi Use
Central Business District
Multiple Family Residential
Hamtramck, MI zones 1,271 acres across 5 districts. Commercial zoning covers 5.9% of zoned land, residential 60.8% and industrial 33.3%. The largest single district is Residential at 59%. For commercial buyers the practical constraint is that only 39.2% of land carries a commercial or industrial designation.
Industrial District (I)
Industrial District (I) Nonconforming Uses, Buildings and Structures 155.090 General 155.091 Nonconforming uses of land 155.092 Nonconforming structures 155.093 Nonconforming uses of structures and land 155.094 Uses subject to special land use 155.095 Change of nonconforming use 155.096 Expansion of nonconforming uses and structures 155.097 Repairs and maint…
Market overview
Demographics & Economy
Hamtramck, MI has 48,639 residents in 17,257 households. Density runs 5,102 people per square mile. Median household income here is $36,851 and median gross rent $941 a month.
48,639
Population
17,257
Households
2.8
Avg Household Size
29
Median Age
16%
College-Educated
68%
High-School Grad
9.5 sq mi
ZIP Area
5,102
Density / Sq Mi
$36,851
Median Household Income
$28,253
Median Earnings
$941
Median Rent
$94,695
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Detroit | $77 (county avg) | $20.55 |
| Highland Park | $77 (county avg) | $12.44 |
| Grosse Pointe Park | $77 (county avg) | — |
| Grosse Pointe Woods | $77 (county avg) | — |
Commercial property in Hamtramck, MI asks $77/SF. The 4 bordering markets run from $77/SF in Detroit to $77/SF in Detroit, and the city sits in line with their $77/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hamtramck?
Commercial property in Hamtramck, MI asks an average of $77 per square foot. Retail carries the highest asking price at $101/SF.
How much does it cost to lease commercial space in Hamtramck?
Asking lease rates in Hamtramck, MI average $11.18 per square foot per year.
How does Hamtramck compare to nearby markets on price?
Hamtramck, MI asks $77/SF against $77/SF in Detroit, $77/SF in Highland Park, $77/SF in Grosse Pointe Park and $77/SF in Grosse Pointe Woods.
What zoning applies to commercial property in Hamtramck?
Hamtramck, MI zones 1,271 acres across 5 districts, of which 5.9% is commercial and 33.3% industrial. The largest single district is Residential at 59% of zoned land. Residential zoning covers 60.8% and open space 0%.
Where does Realmo's Hamtramck market data come from?
Realmo compiles Hamtramck, MI figures from 3 recent recorded sales, 64 active sale listings, 11 active lease listings, 1,642 tracked off-market properties, the current Hamtramck zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 64 active for-sale and 11 active for-lease listings in Hamtramck, MI. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 1,271 zoned acres across 5 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
