Property profile

16940 Hamilton Ave Highland Park, MI 48203

OFF-MARKET
Warehouses
Property ID
US43-1117203
9,650 SF 0.34 ac lot Built 1952
Entity Owned 4-yr Hold Free & Clear
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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

Location

16940 Hamilton Ave Highland Park, MI 48203-2747
Highland Park metro Census 553100 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
$265k

Owner & transaction history

since 2021
Last sale
$265,000
2 recorded transactions
2021
$265,000
2021
$100,000

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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