16940 Hamilton Ave, Highland Park, MI 48203-2747
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.
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.