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    OFF-MARKET
    Manufacturing properties

    2731 Jerome St, Detroit, MI 48212-1545

    18,977 SF 0.51 ac lot Built 1948
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US43-0347705
    Property summary
    AI-generated overview

    This exceptional 18,977-square-foot industrial building, situated on a 0.51-acre lot in Hamtramck, Michigan, presents a unique investment opportunity. Built in 1948, this single-story structure boasts classic Art Deco features, including large windows and original wood paneling in the office suite. The main space offers a completely open layout, ideal for a variety of uses, complemented by two commercial roll-up doors and robust concrete floors. Its history as a metal manufacturing plant speaks to its structural integrity. The property includes a gated parking lot with approximately 10-15 spaces. Zoned for Commercial, Heavy Industrial, Light Industrial, and Office use, this versatile property benefits from its prime location near major freeways (I-75, I-94, M-10) and thoroughfares (Woodward, Mound, and Davison Avenues), ensuring excellent accessibility. The asking price is $550,000, translating to $29 per square foot. The property's APN is W09I006740C6. This is a privately owned property, not a short sale.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1948
    Total area 18,977 SF
    Lot 0.51 ac (22,216 SF)
    Zoning code M2
    APN 09006740-6
    UPID US43-0347705
    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
    Current use
    Occupant on record · Public records
    • CAN-AM Metallurgical Corporation Factory Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Woodward Throwbacks LLC · 2 yrs held
    Woodward Throwbacks LLC
    since 2024
    1 recorded transaction
    2024
    Zoning & alternative use
    M2 · Detroit, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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