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    21562 Schoolcraft Detroit, MI 48223

    For Sale
    $175,000

    Fully updated commercial building suitable for various businesses.

    Lot size:
    0.18 Acres

    Property Features for 21562 Schoolcraft

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    1968

    Source: Reach Realty Group Agent Reva M Lee

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

    Overview

    Updated Commercial Building with Parking

    This fully updated commercial building includes parking and is suitable for various businesses such as an event space, retail, hair salon, or tattoo parlor. The building features large men's and women's restrooms, a full kitchen, a serving bar, and an office with a separate bathroom. It is located close to freeways and shopping.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2545061
    Latitude
    42.3861923

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    FAQs

    What type of property is this?
    Retail space - Fully updated commercial building suitable for various businesses.
    Where is this retail space located?
    The property is located at 21562 Schoolcraft Detroit, MI.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Fully updated commercial building suitable for diverse businesses like event spaces, retail outlets, or salons.; - Includes large men's and women's restrooms, a full kitchen, and a serving bar.; - Features a dedicated office space with a separate bathroom.
    (248) 835-6103
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    21562 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
    21562 Schoolcraft Detroit, MI 48223
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