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    16895 Schaefer Hwy Detroit, MI 48235

    For Lease
    $1,200 /Mo ($10 SF/Yr)

    COMMERCIAL - Detroit, MI

    Type:Retail
    Property size:
    1,400 SF
    Lot size:
    0.03 Acres
    Days on Market:
    305
    Last Refresh:
    Dec 13 at 7:06 pm

    Property Features for 16895 Schaefer Hwy

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    APN
    22030638-9
    Fireplace
    1
    Size
    1,400 SF
    Lot size
    0.03 Acres

    Utilities

    Utilities
    Electricity Available
    Heating system
    Forced Air

    Building Details

    Year built
    1954

    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 Storefront with Original Features

    This 1400-square-foot storefront property, formerly Kev's Aquarium, a spinoff of Exotic Aquarium, retains its original tile, ceiling, walls, and plumbing fixtures from its initial construction. The space is equipped with a furnace but lacks central air conditioning; the landlord will reimburse the tenant for 50% of the cost of a new central air conditioning system and a security cage for the condensing unit. A newer electrical panel and multiple strips of wall outlets, previously used for aquarium lights, are in place. The property includes two non-barrier-free restrooms, designated for men and women, which can be modified into two unisex restrooms to meet barrier-free requirements. The lot size is 0.03 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -83.180125
    Latitude
    42.415849

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    FAQs

    What type of property is this?
    Retail space - 1400 SF Detroit storefront with original tile and plumbing.
    Where is this retail space located?
    The property is located at 16895 Schaefer Hwy Detroit, MI.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - 1400 sq ft storefront property.; - Landlord will reimburse 50% of cost for new central air conditioning system and security cage.; - Newer electrical panel with multiple wall outlets.
    (313) 215-9000
    Request Owner's contact information
    16895 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
    16895 Schaefer Hwy Detroit, MI 48235
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