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Property profile & analytics

8848 Joseph Campau St Hamtramck, MI 48212

  • Bars
  • 3,708 SF
  • 0.09 lot acres
Value Estimation
Last Sale
Jul 06, 2022
$380,000
Location Intelligence
Property ID
US43-1152109
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Bars

Property Details for 8848 Joseph Campau St

Year built
1941
Lot size
0.09 lot acres
Property size
3,708 SF
Property type
Bars
APN
41 005 08 0007 000
APU
41005080007000

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $350,000
  • CAP approach

    CAP return
    Estimation
    6%
    $315,000
    6.5%
    $325,000
    7%
    $340,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $290,000
    Geo Method
    $375,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $420,000
    Retail
    $340,000
    Mixed-Use
    $360,000
    Hospitality
    $420,000
    Educational
    $355,000
    Residential Income
    $395,000
    Energy
    $345,000
    Income-Based Land
    $390,000
    Food Service
    $385,000

Location Insight

  • Map
  • Local Demand
City
Hamtramck
County
Wayne
State
Michigan
Longitude
-83.0536
Latitude
42.391
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,303
$0.00
$0.00
$83,800
-
$0.00
$0.00
$167,600
More about this property
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