We mentioned this commercial building in Hamtramck as one of our favorite commercial properties in last year's foreclosure auction, and It appeared as though several bidders agreed — the winning bid came in at a lofty $200,200 after a 70-bid frenzy. That winning bidder failed to pay up in time, so it was offered to the second place bidder, who also declined (why are we even doing this auction?). Ownership of the building was transferred to the City of Hamtramck. That's a great pick-up for Hamtown, which is now devising a strategy to refurbish the place. We were told in the summer that this one is 13,600 square feet, containing original hardwood floors and tin ceilings on all four stories.
· Jos. Campau building is turned over to the city [Hamtramck Review]
· Our Top Picks For Commercial Properties in The Tax Auction [Curbed Detroit]