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Property profile & analytics
OFF-MARKET
Grocery and convenience stores

10224 Conant St Hamtramck, MI 48212-3919

3,265 SF 0.1 ac lot Built 1930
Individually Owned 3-yr Hold Free & Clear
Property ID
US43-1567856
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1930
Total area 3,265 SF
Lot 0.1 ac (4,356 SF)
APN 41 008 02 0121 302
UPID US43-1567856
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Ashrafur R Jaigirdar · 3 yrs held
Ashrafur R Jaigirdar
since 2023
1 recorded transaction
2023
$80,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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