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    18729 Schoolcraft Detroit, MI 48223

    For Sale
    $110,000

    Real Estate Only - Detroit, MI

    Property size:
    2,340 SF
    Lot size:
    0.09 Acres
    Days on Market:
    138
    Last Refresh:
    Dec 12 at 1:06 am

    Property Features for 18729 Schoolcraft

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    2200887980
    Size
    2,340 SF
    Lot size
    0.09 Acres

    Building Details

    Year built
    1948
    Floors in Building
    1
    Building materials
    Brick
    Architectural style
    Other

    eXp Realty Plymouth (313) 400-5491 [email protected]

    Listing agent Darius Robinson (855) 477-7355

    Listing date Jul 28, 2025

    MLS# 20251019909 Listing URL

    Copyright © 2025 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.

    Overview

    Updated Commercial Building with Event Hall

    This updated building, formerly a dry cleaner, has been transformed into a spacious event hall. The property's mixed-use zoning makes it suitable for various business opportunities, including a bar or lounge, cigar or hookah bar, coffee shop, studio, or retail space. The building features new LVP flooring throughout, ceiling fans with mini-split A/C units, and two restrooms. A break area is located in the back for employees. Major updates include a new HVAC furnace (1 year old), a new hot water tank (1 year old), and a roof that is 8 years old. The sale includes the adjacent lot, which provides additional space or parking potential. The property has a size of 2340 square feet and is located in Detroit, MI. The lot size is 0.09 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 Clothing Store Building Supply 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
    -83.2254309
    Latitude
    42.3862181

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    FAQs

    What type of property is this?
    Retail space - Move-in-ready commercial space with mixed-use zoning in a high-visibility area.
    Where is this retail space located?
    The property is located at 18729 Schoolcraft Detroit, MI.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: - Mixed-use zoning allows for diverse business opportunities.; - Adjacent lot included, providing additional space or parking.; - Recently updated with new LVP flooring, mini-split A/C units, and two restrooms.
    (855) 477-7355
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    18729 Schoolcraft Detroit, MI 48223
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    Detroit, MI 48223
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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
    18729 Schoolcraft Detroit, MI 48223
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