11500 Joseph Campau StHamtramck, MI 48212

Property Details for 11500 Joseph Campau St

Year built

1929

Lot size

0.28 AC

Property size (Sq ft)

24,000 SF

Property type

Showrooms

APN

41 007 04 0033 300

APU

41007040033300

Description

This unique 24,000 square foot industrial building, constructed in 1929, presents a remarkable investment opportunity in the vibrant Hamtramck, MI, neighborhood. Situated on a 0.28-acre lot along the bustling Joseph Campau corridor, this property boasts a rich history as a former auto sales center. Currently configured as a showroom and manufacturing space for a boutique furniture company, the building offers exceptional versatility. The first floor features a spacious showroom with original terrazzo/concrete floors and impressive 12-foot ceilings, complemented by private offices. The second floor provides ample workspace for manufacturing, along with a lunchroom and additional offices. A significant advantage is the multi-level parking deck extending to the roof, providing ample parking for staff and clients. Located in the densely populated city of Hamtramck, a melting pot of diverse cultures, this property benefits from its proximity to a variety of popular restaurants, bars, and shops. Hamtramck's strategic location, bordering Detroit, ensures excellent access to major transportation routes and a large workforce. This property is priced at $1,199,000 and offers significant potential for a variety of uses. The combination of historical character, substantial square footage, and prime location makes this an exceptional opportunity for a discerning investor.

• CAP approach

  CAP return

  Valuation

  6%

  $7,337,725

  6.5%

  $6,773,284

  7%

  $6,289,478

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,657,299

  Geo Method

  $5,657,299

• Alternative Use

  Use

  Valuation

  Residential

  $5,713,519

  Hospitality

  $5,233,552

  Educational

  $4,354,254

  Medical

  $4,504,004

  Retail

  $6,773,284

Location Insight

City

Hamtramck

County

Wayne

State

Michigan

Latitude

42.402

Longitude

-83.061

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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