8848 Joseph Campau St Hamtramck, MI 48212-3723
This exceptional opportunity presents the chance to acquire the renowned New Dodge Lounge in the heart of Hamtramck, Michigan. This fully operational bar and lounge boasts a substantial 4,522 square feet of space, perfectly configured for immediate operation. The main floor encompasses a well-established bar, a stage ideal for live entertainment, a dedicated game room for added customer engagement, restrooms, and ample back-of-house areas for efficient operations. Adding to its versatility, a 742-square-foot mezzanine provides extra seating capacity, enhancing the venue's overall guest experience. A sizable 1,914-square-foot basement offers extensive storage solutions, addressing the operational needs of a thriving establishment. The sale includes not only the physical building situated on a 0.09-acre lot, but also the valuable New Dodge Lounge brand name, ensuring immediate brand recognition and customer loyalty. Crucially, a Class C liquor license is included, eliminating a significant hurdle for new ownership. This turnkey operation is ready for a new owner to step in and continue its successful legacy. This is an exceptional investment opportunity for both owner-operators seeking a profitable venture and investors looking for a strong return on investment in a vibrant and established location. The property is priced at $600,000.
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.