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    OFF-MARKET
    Warehouses

    16940 Hamilton Ave, Highland Park, MI 48203-2747

    9,650 SF 0.34 ac lot Built 1952
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US43-1117203
    Property summary
    AI-generated overview

    This exceptional 9,750 square foot warehouse, located at 16940 Hamilton Ave in Highland Park, Michigan, presents a rare investment opportunity. Built in 1952 and boasting a two-story design, this property offers significant versatility thanks to its M-UV Urban Village Mixed Use zoning. The building features impressive ceiling heights ranging from 10 to 25 feet, providing ample space for a variety of uses. Potential tenants could include office spaces, auto repair shops, storage facilities, retail businesses, or a combination thereof. The property includes existing office space, a convenient side parking lot, a dedicated car entrance, and multiple bathrooms. A second-floor loft adds further potential for expansion or specialized use. The seller has completed numerous improvements, ensuring the building is in excellent condition. Its strategic location offers easy access to downtown Detroit and three major freeways within a 5-10 minute drive, making it an ideal location for businesses seeking convenient access to transportation networks and a thriving urban center. The asking price is $550,000. This is a unique chance to acquire a substantial commercial property with diverse possibilities in a rapidly developing area. Don't miss this chance to own a piece of Highland Park's commercial landscape. The property is zoned M-UV Urban Village Mixed Use.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1952
    Total area 9,650 SF
    Lot 0.34 ac (14,810 SF)
    APN 43 003 01 0613 000
    UPID US43-1117203
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Hp Hamilton LLC · 4 yrs held
    Hp Hamilton LLC
    since 2021
    Last sale
    $265,000
    2 recorded transactions
    2021
    $265,000
    2021
    $100,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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