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    16869 Schaefer Hwy Detroit, MI 48235

    For Lease
    $4,500 /Mo ($11 SF/Yr)

    COMMERCIAL - Detroit, MI

    Type:Retail
    Property size:
    4,755 SF
    Lot size:
    0.04 Acres
    Days on Market:
    298
    Last Refresh:
    Dec 6 at 11:06 pm

    Property Features for 16869 Schaefer Hwy

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    APN
    22030645.
    Fireplace
    1
    Size
    4,755 SF
    Lot size
    0.04 Acres

    Utilities

    Utilities
    Electricity Available
    Heating system
    Forced Air

    Building Details

    Year built
    1949

    Long Realty Group, LLC (866) 542-7664

    Listing agent Jabari Long (313) 215-9000

    Listing date Feb 12, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Detroit Commercial Space For Lease

    This commercial space offers an affordable leasing opportunity suitable for various business applications. The property features upgraded electrical service and includes two 5-ton rooftop heating and air conditioning units. A recently paved and fenced parking lot, spanning 2,200 square feet, is included with the lease. Drawings are available for those interested in opening a child care business. A rental application and a credit report dated within the last 30 days are required. A personal guarantee and a security deposit of 1.5 month's rent are also required. The property has 4,755 square feet of space and is located in Detroit, MI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.180108
    Latitude
    42.415496

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    FAQs

    What type of property is this?
    Retail property - Affordable commercial lease with many potential uses in Detroit.
    Where is this retail property located?
    The property is located at 16869 Schaefer Hwy Detroit, MI.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: - 2,200 sq. ft. recently paved & fenced parking lot included.; - Upgraded electrical service.; - Two 5-ton rooftop heating and air conditioning units.
    (313) 215-9000
    Request Owner's contact information
    16869 Schaefer Hwy Detroit, MI 48235
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16869 Schaefer Hwy Detroit, MI 48235
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