16253 Hamilton Ave, Highland Park, MI 48203-2657
This 2,040-square-foot vacant storefront, located at 16253 Hamilton Avenue in Highland Park, Michigan, presents a unique investment opportunity. The property, built in 1921, is a single-story, Class C building situated on a 2,614-square-foot lot (APN: 43-004-03-0005-002). The permitted zoning is mixed-use, allowing for a wide range of retail and office concepts. The landlord will deliver a "white box" space and a new roof as part of the sale. Convenient street parking is available directly in front of the building, with the potential for additional parking nearby. This standalone building enjoys a prime location just west of Woodward Avenue and south of McNichols Road, offering excellent visibility and accessibility. Its central location provides easy access to major freeways, including M-10/The Lodge Freeway, Davison Freeway, and I-75, placing it minutes from downtown Detroit. The property is also conveniently located south of Palmer Park. There is an adjacent 3,772-square-foot building available for sale or lease, offering a combined total of 5,812 square feet for larger-scale operations. The asking price is $100 per square foot.
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
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.