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    2300 S Schaefer Hwy Detroit, MI 48217

    For Sale
    $499,900

    6,600 SF retail strip mall on corner lot.

    Property size:
    6,600 SF
    Lot size:
    0.58 Acres

    Property Features for 2300 S Schaefer Hwy

    General Information

    Size
    6,600 SF
    Lot size
    0.58 Acres

    Source: Century 21 Commercial Curran & Oberski | Dearborn Heights Agent Dave Abdallah

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Strip Mall For Sale

    This 6,600 square foot free-standing, four-unit strip mall was built in 2002 and is situated on a large corner lot. The property features a large parking lot with space for over 30 vehicles. One of the four units is currently occupied by a tenant on a month-to-month lease who is willing to remain. Zoned B4, the property's possible uses include retail space, a bakery, blueprinting shop, or nail/hair salon, and office space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Boost Mobile Cell Phone Store King and Queen Event ... Event Planner KQ Event Studio Event Venue Back2Life Deliverance Cemter School Wawie Apparel Store Boutique

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1502674
    Latitude
    42.2746146

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    FAQs

    What type of property is this?
    Strip mall - 6,600 SF retail strip mall on corner lot.
    Where is this strip mall located?
    The property is located at 2300 S Schaefer Hwy Detroit, MI.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Large corner lot with a 6,600 sqft free-standing 4-unit strip mall.; - Huge parking lot with 30+ spaces.; - Zoned B4, allowing for various uses such as retail, bakery, salon, or office space.
    (313) 274-7200
    Request Owner's contact information
    2300 S Schaefer Hwy Detroit, MI 48217
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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
    2300 S Schaefer Hwy Detroit, MI 48217
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