13230 Hamilton AveGrosse Pointe Park, MI 48230

Property Details for 13230 Hamilton Ave

Lot size

0.13 AC

Property size (Sq ft)

1,740 SF

Property type

Auto shops

APN

43 012 01 0073 000

APU

43012010073000

Description

This 1,734 square foot industrial building in Grosse Pointe Park, MI, is offered at $195,000 ($112.46/sq ft). The property features three 12x10 and 14x10 grade-level dock high doors, a 14-foot ceiling height, and 400 square feet of office space. It boasts 220-volt, 3-phase power and a brand new roof. Situated on a 0.12-acre lot, the building is zoned B-1 (Wayne County, APN 43-012-01-0073-000). This single-tenant property presents a compelling owner-user opportunity in a convenient location with excellent access. The property's features make it ideal for a variety of industrial uses. The asking price reflects a strong value proposition for a well-maintained building with significant operational advantages. This is a rare opportunity to acquire a functional and well-located industrial space in a desirable area. The combination of size, features, and price makes this an attractive investment. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $531,985

  6.5%

  $491,063

  7%

  $455,987

• Comparable approach

  Method

  Valuation

  Relative Method

  $410,154

  Geo Method

  $410,154

• Alternative Use

  Use

  Valuation

  Residential

  $414,230

  Hospitality

  $379,433

  Educational

  $315,683

  Medical

  $326,540

  Retail

  $491,063

Location Insight

City

Highland Park

County

Wayne

State

Michigan

Latitude

42.3991

Longitude

-83.1036

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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