Detroit Commercial/Industrial Multi-Use
12700 Schaefer Highway, Detroit, MI 48227
Real Estate Only - Detroit, MI
Property size:
6,108 SFLot size:
0.91 AcresPrice / SF:
$161/SF- Added:
- Oct 9, 2025
- Days on Market:
- 219
- Last Refresh:
- May 15 at 9:06 pm
Property Features for 12700 Schaefer Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial,Light Industrial,Multiple
- Standard status
- Active
- APN
- W22I029801C3
- Size
- 6,108 SF
- Lot size
- 0.91 Acres
Taxes and HOA fees
- Tax Annual Amount
- 14880
Building Details
- Year built
- 1977
- Year renovated
- 2023
- Building materials
- Block, Brick
- Architectural style
- Other
Listing agent Abraham Elsheick (313) 846-0960
Listing office Empire Realty Group 6271 Schaefer, MI (313) 846-0960
Listing date Oct 9, 2025
MLS# 20251044381
Listing URL
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Three parcels included in one sale, offering significant investment potential.
- Zoned B4 (business) and M2 (industrial), providing versatile usage options.
- Located in a high‑traffic area with easy access to major roads and highways.
- Wide range of by‑right uses including residential, retail, manufacturing, and more.
- Newly paved with full kitchen in basement.
- Motivated seller, creating a rare investment opportunity.
Overview
This commercial and industrial property, located at 12700 Schaefer in Detroit, Michigan, presents a rare investment opportunity. The property consists of three parcels and features a newly paved area with a full kitchen in the basement. The north section is zoned B4 (business), while the south section is zoned M2 (industrial). This multi-use property is located in a high-traffic area with easy access to major roads and highways. The 0.91-acre lot accommodates a 6,108 square foot property. Permitted uses include assisted living, dormitories, shelters, lofts, mixed-use residential, schools, libraries, religious institutions, hospitals, daycare centers, museums, art galleries, banks, restaurants, offices, pet shops, salons, low to medium impact manufacturing, food catering, trade services, jewelry making, antennas, greenhouses, marinas, urban farms, and farmers markets. Conditional uses include emergency shelters, fraternities, single and two-family dwellings, townhouses, power plants, stadiums, substance abuse facilities, water treatment facilities, drive-throughs, liquor sales, pawnshops, vehicle-related services, entertainment venues, machine shops, storage facilities, marijuana businesses, aquaponics, hydroponics, and telecommunications.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$599.9K
NOI $53,988 @ 9.00% cap · cautious / downside scenario
Moderate
$771.3K
NOI $53,988 @ 7.00% cap · market / base-case scenario
Aggressive
$1.08M
NOI $53,988 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.3k | $13.80 |
| − Vacancy | −$7.2k | −$1.17 |
| EGI | $77.1k | $12.63 |
| − OpEx | −$23.1k | −$3.79 |
| NOI | $54.0k | $8.84 |
6,108 SF · lease $13.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$771.3K
$674.9K – $899.8K
NOI $53,988 @ 7.0% cap · market cap 5.46%
Second Best
Industrial
$424.4K
$371.3K – $495.1K
NOI $29,707 @ 7.0% cap · market cap 3.00%
Theoretical Best
Multifamily LT 5
$993.7K
$869.5K – $1.16M
NOI $69,560 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
House of God Church
Church
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1778814
- Latitude
- 42.3818329
Nearby Similar for Sale
FAQs
What type of property is this?
Industrial property - Versatile commercial and industrial property in Detroit, ideal for redevelopment.
Where is this industrial property located?
The property is located at 12700 Schaefer Highway Detroit, MI.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Three parcels included in one sale, offering significant investment potential.; Zoned B4 (business) and M2 (industrial), providing versatile usage options.; Located in a high‑traffic area with easy access to major roads and highways.
