3141 Caniff St Hamtramck, MI 48212
This exceptional mixed-use property, located at 3141 Caniff Street in Hamtramck, Michigan, presents a compelling investment opportunity. The 4,640 square foot building, constructed in 1925 and renovated in 2011, boasts a prime location with excellent visibility. The property is zoned C2, offering versatility for various uses. The building features a two-story layout, with the first floor ideally suited for retail or office space, and the second floor offering office or residential space. This flexibility allows for multiple tenant occupancy, a work/live arrangement, or single-user occupation. Recent updates include new windows and fresh paint, enhancing the building's appeal. The property's strategic location provides easy access to major thoroughfares, including I-75 and I-94, ensuring convenient commutes and excellent accessibility. The asking price is $450,000. This is a single-unit building in Wayne County, with the APN 41-007-02-0007-000. The property is classified as Class C. Don't miss this chance to acquire a versatile and well-maintained commercial property in a thriving location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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Risks
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