Property profile

12900 Joseph Campau St Hamtramck, MI 48212

OFF-MARKET
Bars & Pubs
Property ID
US43-0895850
7,810 SF 0.11 ac lot Built 1925
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property, situated at 12900 Joseph Campau in Hamtramck, Michigan, presents a unique investment opportunity. The 7,810 square foot building sits on a 0.11-acre lot at the border of Hamtramck and Detroit, just a block from Hamtramck's downtown area. The ground floor boasts a thriving restaurant, featuring over 100 seats, a substantial professional wet bar, a stage suitable for various events, and a fully equipped, large kitchen. Above the restaurant are three spacious apartments, each offering three bedrooms, a living room, a dining room, a kitchen, and a bathroom. Recent upgrades include a newly installed heating and cooling system, enhancing the overall efficiency and comfort of the building. The property has been meticulously updated throughout. This combination of established commercial income from the restaurant and the rental potential of the three apartments provides a strong foundation for a diverse and potentially lucrative investment. While all provided data is considered reliable, potential buyers are encouraged to independently verify all information. The asking price for this prime Hamtramck property is $1,100,000. This is an excellent opportunity for investors seeking a multi-faceted commercial property with significant upside potential in a rapidly developing area.

Property profile

Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1925
Total area 7,810 SF
Lot 0.11 ac (4,792 SF)
Zoning code B4
APN 09011253.
UPID US43-0895850

Cap rate & NOI

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

Location

12900 Joseph Campau St Hamtramck, MI 48212-2217
Hamtramck metro Census 509100 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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$75k

Owner & transaction history

since 2021
Last sale
$75,000
2 recorded transactions
2021
$75,000
2021
$30,000

Zoning & alternative use

B4 · 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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