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Retail/Office Space For Lease
For Lease
$1,500/Mo

465 S Schaefer Hwy, Detroit, MI 48217

Two commercial units available for lease in high-traffic area.

Space SizeContact for details
Days on Market301

Property Features for 465 S Schaefer Hwy

General Information

Standard status Active

Building Details

Year Built 1969
Listing Agency: Got Key'D Realty
Listed By: Simon Saleh · License #MI427828
Source: Katie-k
Added: Nov 28, 2025 Changed: Sep 18 Last Checked: Sep 24 at 12:18PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Got Key'D Realty

Investment Insights

Based on property information with market context.

Two commercial units are available for lease in a high-traffic area near the Detroit and Melvindale border. One unit offers approximately 1,000 square feet, suitable for a small office or specialty service. The second unit provides approximately 1,500 square feet and was formerly a bar. The owner is flexible on use, making it suitable for a restaurant, office, or mixed-use business. Both spaces offer excellent visibility and easy access to major roads. The units are surrounded by established businesses. Immediate occupancy is available, presenting an opportunity for a variety of commercial uses.

Key Highlights

  • High‑traffic location near Detroit and Melvindale border
  • Flexible use for both units (office, restaurant, mixed‑use)
  • Immediate occupancy available

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Dental Office Parking Lot & Garage HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

309
Businesses Nearby

Demographics for 48217, MI

6,437
Population
3,071
Households
2.1
Avg Household Size
41
Median Age
12%
College-Educated
87%
High-School Grad
2.3 sq mi
ZIP Area
2,799
Density / Sq Mi
$46,671
Median Household Income
$33,727
Median Earnings
$1,083
Median Rent
$45,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Detroit, MI

$19.35 /SF/Yr
Avg Asking Price
$5.35–$175 /SF/Yr
Price Range
13,186 SF
Avg Space Size

Vacancy Rate% for Office in Detroit, MI

11.9% 2019
13.9% 2020
15.2% 2021
17.9% 2022
20.3% 2023
22% 2024
19.5% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Two commercial units available for lease in high-traffic area.
Where is this retail space located?
The property is located at 465 S Schaefer Hwy Detroit, MI.
What is the lease rate?
The lease rate is $1,500/Mo.
What are key features of this property?
This property features: High‑traffic location near Detroit and Melvindale border; Flexible use for both units (office, restaurant, mixed‑use); Immediate occupancy available
More about this property
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