Property profile

2933 Trowbridge St Hamtramck, MI 48212

OFF-MARKET
Manufacturing properties
Property ID
US43-0335625
15,150 SF 0.35 ac lot Built 1929
Individually Owned 18-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 15,150 square foot industrial building, located at 2933 Trowbridge Street in Hamtramck, Michigan, presents a compelling investment opportunity. The property, situated on a 0.35-acre lot, is zoned CBD (Central Business District) and offers versatile space suitable for various industrial and manufacturing uses. Built in 1929, the well-maintained structure features two grade-level overhead doors, providing convenient access for loading and unloading. The asking price is $500,000, translating to $33 per square foot. Its prime location offers easy access to major transportation arteries, including the Davison Freeway and I-75, ensuring efficient logistics. The property is available for occupancy beginning March 14, 2024. The Wayne County Assessor's Parcel Number (APN) is 41 006 02 0080 000. This historic building combines timeless appeal with a strategic location, making it an attractive option for investors seeking a foothold in the dynamic Hamtramck market. The property's classification includes distribution, flex, and warehouse space.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1929
Total area 15,150 SF
Lot 0.35 ac (15,246 SF)
APN 41 006 02 0080 000
UPID US43-0335625

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2933 Trowbridge St Hamtramck, MI 48212-3256
Hamtramck metro Census 552300 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
$505k
Blend (final) Blend
$460k

Owner & transaction history

since 2008
1 recorded transaction
2008
$460,000

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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