15400-15450 SCHAEFER RD, Detroit, MI 48227
Remodeled light industrial flex building on a corner lot with finished space, central air, and fire sprinklers.
- Added:
- Apr 14, 2025
- Days on Market:
- 434
- Last Refresh:
- Jun 20 at 7:36 am
Property Features for 15400-15450 SCHAEFER RD
General Information
- Standard status
- Active
- Size
- 2,440 SF
- Lot size
- 0.67 Acres
- Property subtype
- Office, Retail, Industrial, Mixed Use
Building Details
- Year Built
- 1970
Listing agent Fadi Dabaja License #6506045188
Listing office Exp Realty, LLC (313) 600-6189
Listing date Apr 14, 2025
Source Crexi
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 Exp Realty, LLC
HighLights
- 0.67‑acre corner lot with 265 ft of road frontage on Schaefer Hwy
- 2,440 sq. ft. finished light industrial flex space supporting retail, office, service, warehouse, and automotive uses
- Remodeled in 2020 with rubber roof, block exterior, central air, fire sprinklers, and security fencing
- Utilities and power include public water and sewer, 3‑phase power, and 440‑volt power
- Ample on‑site and on‑street parking, plus alley access
- Additional 0.19‑acre vacant corner lot available with 84 ft paved frontage, alley access, and public utilities at the street
Overview
The building sits on a highly visible corridor on the Detroit west side, positioned near commercial activity. The property is described as minutes from Grand River Ave, Rosedale Park, and University of Detroit Mercy, supporting convenient access for employees and customers. The site includes alley access and is served by public utilities. A high-visibility vacant lot is also indicated as available for additional purchase, with 84 feet of paved road frontage and alley access, with public utilities at the street.
With zoning for light industrial use, the property is presented as suitable for multiple business types, including retail, office, service, warehouse, and automotive operations. It may fit owner-operators and investors seeking a move-in-ready, flexible footprint with power, fire protection, and controlled security features, plus parking and the option to expand with the adjacent vacant lot.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.7k | $13.80 |
| − Vacancy | −$2.9k | −$1.17 |
| EGI | $30.8k | $12.63 |
| − OpEx | −$9.2k | −$3.79 |
| NOI | $21.6k | $8.84 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Kathy’s Kitchen,LLC — 15370 Grand River Ave, Detroit, MI 48227
- SALLYS WORLD CAFE LLC — 14043 Montrose St #201, Detroit, MI 48227
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1931
- Latitude
- 42.3872
