Property summary
This exceptional 3,000 square foot industrial warehouse, located at 11869 Mt. Elliott St in Hamtramck, Michigan, presents a unique investment opportunity. Priced at $89,000 ($29.67 per square foot), this Class C property sits on a 0.06-acre lot and boasts a newly installed roof. Built in 1953, the building features convenient vehicle access and a loading area at the rear, complete with a garage door access point. The property is zoned M-2 (Heavy Industrial) and importantly, is approved for marijuana dispensary and grow operations, per City of Detroit guidelines. This makes it ideal for a variety of uses, from traditional warehousing and manufacturing to specialized cannabis-related businesses. The interior is described as "clean as a whistle," indicating a move-in ready condition. This owner-user opportunity is perfect for a business seeking a well-maintained, strategically located industrial space in a rapidly developing area. The property's size, zoning, and permitted uses combine to create a compelling investment prospect with significant potential for growth and return. Don't miss this chance to acquire a prime industrial asset in a thriving Michigan market.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M2 · Hamtramck, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for M2 in Hamtramck, MI.
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