Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10215 Joseph Campau St Hamtramck, MI 48212
    Back to Search
    Property profile & analytics

    10215 Joseph Campau St Hamtramck, MI 48212

    View on Map
    • Bars & Pubs
    • 2,519 SF
    • 0.07 lot acres
    For Sale
    $425,000
    View Listing →
    Hamtramck Industrial Space - Prime Location For Sale
    $425,000
    2,519 SF

    Hamtramck Industrial Space - Prime Location

    Turnkey Coffee Shop/Gallery - High Density Area

    Detroit, MI 48212
    View Listing
    Property ID
    US43-0356026
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bars & Pubs

    Property Details for 10215 Joseph Campau St

    Year built
    1920
    Lot size
    0.07 lot acres
    Property size
    2,519 SF
    Property type
    Bars & Pubs
    Property subtype
    Pubs
    APN
    41 003 04 0084 000
    APU
    41003040084000

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hamtramck
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0593
    Latitude
    42.3986
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,924
    $0.00
    $0.00
    $53,900
    -
    $0.00
    $0.00
    $107,800

    Comparable in this City

    • Value Estimation by Request
      2,881 SF

      7468 Davison St

      BAR, TAVERN • 2,881 SF
      7468 Davison St, Hamtramck, MI 48212-1913
      View Details
    • Value Estimation by Request
      5,604 SF

      17897 Mt Elliott St

      BAR, TAVERN • 5,604 SF
      17897 Mt Elliott St, Detroit, MI 48212-1343
      View Details
    • Value Estimation by Request
      0.07 Acres

      2942 Evaline St

      BAR, TAVERN • 0.07 Acres
      2942 Evaline St, Hamtramck, MI 48212-3249
      View Details
    • Value Estimation by Request
      1,260 SF

      2741 Yemans St

      BAR, TAVERN • 1,260 SF
      2741 Yemans St, Hamtramck, MI 48212-3278
      View Details
    • Value Estimation by Request
      4,884 SF

      10237 Joseph Campau St

      BAR, TAVERN • 4,884 SF
      10237 Joseph Campau St, Hamtramck, MI 48212-3223
      View Details
    • Value Estimation by Request
      2,572 SF

      6553 Mcnichols Rd

      BAR, TAVERN • 2,572 SF
      6553 Mcnichols Rd, Hamtramck, MI 48212-2027
      View Details

    Similar Nearby for Sale

    • $250,000

      Finished Bar and Lounge Space

      Bar, lounge, and hall meeting space with parking for sale.
      13837 Conant St, Detroit, MI 48212
      View Details
    • $549,999
      6,016 SF

      Hamtramck Commercial Property on Conant

      Versatile commercial property on vibrant Conant Street, Hamtramck.
      9819 Conant St, Hamtramck, MI 48212
      View Details
    • $250,000
      3,535 SF

      Finished Bar and Lounge Space

      Ready-to-go bar, lounge, and hall with parking.
      13837 Conant St, Hamtramck, MI 48212
      View Details
    • $530,000
      3,200 SF

      Industrial Warehouse & Kitchen Space

      Commercial warehouse and kitchen space available for lease.
      6700-6724 E Davison St, Hamtramck, MI 48212
      View Details

    Similar Nearby for Lease

    • $1,550 /Mo

      Versatile Open Space Corner Building

      3400 SF open space suitable for multiple business uses.
      10242 Jos Campau, Hamtramck, MI 48212
      View Details
    • Contact for pricing

      Detroit Commercial Property For Rent

      Commercial property available for rent in Detroit, Michigan.
      6700-6724 E Davison St, Detroit, MI 48212
      View Details
    • $7,500 /Mo

      Hamtramck Commercial Space For Rent

      12,000 sq ft building suitable for various commercial uses.
      9821 Jos Campau, Hamtramck, MI 48212
      View Details
    View Listing
    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.
    10215 Joseph Campau St
    Hamtramck, MI 48212
    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
    10215 Joseph Campau 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!