11869 Mt Elliott St, Hamtramck, MI 48212-2533
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.
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
M2 · Hamtramck, MIHamtramck. Always verify with local authorities before improvements.
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.