10215 Joseph Campau St, Hamtramck, MI 48212-3223
This unique 2,519 square foot industrial building, situated on a 0.07-acre lot at 10215 Joseph Campau in the heart of Hamtramck, Michigan, presents a remarkable investment opportunity. Built in 1920 and thoughtfully renovated, the property currently operates as a thriving coffee shop and art gallery, offering a turnkey solution for a new business. The space boasts two spacious bathrooms, a full bar, and a private outdoor patio, creating an inviting and versatile environment. The property's location within Hamtramck, a densely populated city (approximately 11,000 people per square mile) bordering Detroit, provides exceptional access to a diverse and vibrant community. Hamtramck's rich cultural tapestry and proximity to numerous popular eateries, bars, and shops further enhance the property's appeal and potential for continued success. The building's existing setup as a coffee shop and art gallery demonstrates its adaptability and suitability for a range of commercial ventures. This is a rare opportunity to acquire a well-maintained, established business space in a high-demand location. The asking price is $425,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.