Property profile

11869 Mt Elliott St Hamtramck, MI 48212

OFF-MARKET
Warehouses
Property ID
US43-1629334
3,000 SF 0.07 ac lot Built 1953
Individually Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1953
Total area 3,000 SF
Lot 0.07 ac (3,049 SF)
Zoning code M2
APN 13009520.
UPID US43-1629334

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11869 Mt Elliott St Hamtramck, MI 48212-2533
Hamtramck metro Census 510600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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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
$220k

Owner & transaction history

since 2025
Last sale
$70,000
5 recorded transactions
2025
$70,000
2025
Price N/A
2021
$20,000
2013
$1,600
2013
Price N/A

Zoning & alternative use

M2 · Hamtramck, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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