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    OFF-MARKET
    Industrial properties

    3141 Caniff St, Hamtramck, MI 48212

    4,640 SF 0.08 ac lot Built 1925
    Property ID
    Property summary
    AI-generated overview

    This attractive 4,640 square foot industrial building in Hamtramck, Michigan, presents a unique investment opportunity. Situated on a 0.08-acre lot at 3141 Caniff, the property boasts excellent street exposure, making it ideal for a variety of uses. The main floor offers a spacious, open layout suitable for retail or office space, providing ample room for various business operations. The upper level, currently adaptable for office use, could also be converted back into an apartment, creating a potential live/work scenario. This flexibility allows for multiple tenant occupancy, a single-user operation with diverse business functions, or a combination of both. Recent updates include new windows and fresh paint, enhancing the building's overall appeal and functionality. The property's strategic location offers easy access to major transportation arteries, with convenient proximity to I-75 and I-94, ensuring seamless connectivity for both employees and customers. This prime location, combined with the building's versatility and recent improvements, makes this an exceptional opportunity for investors and businesses seeking a well-maintained and strategically positioned property in a thriving urban area. The building's size and layout offer significant potential for growth and adaptation to meet evolving business needs.

    Property profile
    Verified
    Property type Industrial properties
    Year built 1925
    Total area 4,640 SF
    Lot 0.08 ac (3,485 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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