10224 Conant St Hamtramck, MI 48212-3919
This exceptional Hamtramck, MI industrial property presents a unique investment opportunity. Spanning 3,265 square feet on a 0.1-acre lot, the property boasts a successful, established business with over 30 years of operational history. The sale includes the existing business and its inventory, providing immediate revenue streams. Adding to the profitability, two residential units generate consistent rental income, further enhancing the return on investment. A recently leased garage adds another layer of income potential. Private parking is available on the property, offering ample space for tenants and business operations. The property is located at 10224 CONANT, Hamtramck, MI. This turnkey operation offers a rare chance to acquire a well-established business with significant rental income potential, all situated in a prime location. The seller is open to selling the real estate separately from the business, offering flexibility to potential buyers. This is an exceptional opportunity for investors seeking immediate returns and long-term growth. The asking price for this complete package is $590,000.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.