Retail Building with
For Lease
$2,250/Mo
16901 Schaefer Highway, Detroit, MI 48235
COMMERCIAL - Detroit, MI
Space Size2,800 SF
Lot Size0.06 Acres
Days on Market682
Property Features for 16901 Schaefer Highway
General Information
Property type
Commercial Lease
Property subtype
Retail
Fireplace
1
Elementary school district
Detroit
Middle school district
Detroit
High school district
Detroit
Directions
Detroit W of Woodward
Subdivision
Wayne County - 100
Standard status
Active
APN
22030635-7
Size
2,800 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
W SCHAEFER HWY 35 THRU 33 CUMBERLAND INVESTMENT COS ADD TO COLLEGE PK SUB L52 P71 PLATS, W C R 22/186 60 X 90
Legal Description
W SCHAEFER HWY 35 THRU 33 CUMBERLAND INVESTMENT COS ADD TO COLLEGE PK SUB L52 P71 PLATS, W C R 22/186 60 X 90
Utilities
Utilities
Electricity Available
Heating system
Forced Air
Building Details
Year built
1948
Listing Agency:
Long Realty Group, LLC
(855) 622-7664
Listed By:
Jabari Long · License #79550
(313) 215-9000
Added: Oct 23, 2024
Changed: Aug 4
Last Checked: Sep 4 at 4:06PM
MLS# 24055900
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Investment Insights
Based on property information with market context.
A retail building totaling 2,800 square feet on a 0.06-acre lot, built in 1948. The building is equipped with forced air heating and includes a fireplace. Utilities include electricity available.
The property is presently zoned in the B-2 Local Business and Residential District, with businesses subject to use-specific code requirements. The prior use has included a church, and the most recent plans referenced opening a social club and/or event hall. Event space use requires rezoning to legally accommodate that use.
No applications for an event space will be considered unless the prospective tenant works with the landlord/owner to initiate and complete the rezoning process prior to executing a lease.
The property is presently zoned in the B-2 Local Business and Residential District, with businesses subject to use-specific code requirements. The prior use has included a church, and the most recent plans referenced opening a social club and/or event hall. Event space use requires rezoning to legally accommodate that use.
No applications for an event space will be considered unless the prospective tenant works with the landlord/owner to initiate and complete the rezoning process prior to executing a lease.
Key Highlights
- 2,800 SF retail building on 0.06‑acre lot
- Zoned B‑2 Local Business and Residential District
- Forced air heating plus fireplace
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.45 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,265
Businesses Nearby
44k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 48%
Burger King
Dining
13,308 visits/mo
0.1 miles
KFC
Dining
8,087 visits/mo
0.1 miles
Valero Energy
Shops & Services
6,757 visits/mo
0.5 miles
Sunoco
Shops & Services
5,693 visits/mo
0.5 miles
Mobil
Shops & Services
4,163 visits/mo
0.5 miles
Demographics for 48235, MI
45,188
Population
20,946
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
7,288
Density / Sq Mi
$41,011
Median Household Income
$31,545
Median Earnings
$1,151
Median Rent
$79,400
Median Home Value
Market
Lease Benchmarks for Detroit, MI
$16.39 /SF/Yr
Avg Asking Price
$2.85–$35 /SF/Yr
Price Range
13,201 SF
Avg Space Size
This space is priced 41% below the average of $16.39 /SF/Yr.
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 2,800 SF retail building on a 0.06-acre lot, heated by forced air, zoned B-2 with electricity available.
Where is this retail space located?
The property is located at 16901 Schaefer Highway Detroit, MI.
What is the lease rate?
The lease rate is $2,250/Mo.
What are key features of this property?
This property features: 2,800 SF retail building on 0.06‑acre lot; Zoned B‑2 Local Business and Residential District; Forced air heating plus fireplace
