Affordable Commercial Space with
For Lease
Contact for pricing
16869 Schaefer Highway, Detroit, MI 48235
Versatile commercial space with parking, suitable for various businesses.
Space Size4,755 SF
Days on Market1053
Property Features for 16869 Schaefer Highway
General Information
Standard status
Active
Size
4,755 SF
Property subtype
Retail
Building Details
Year Built
1949
Tenancy
Single
Spaces For Lease
at 16869 Schaefer Highway Contact us- Size
- 4,755 SF
- Type
- Retail
- Availability
- Active
Available Space
Listing Agency:
Long Realty Group
(313) 215-9000
Listed By:
Jabari Long · License #6505351134
Source:
Crexi
Added: Sep 22, 2023
Changed: Aug 8
Last Checked: Aug 8 at 4:27AM
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 Long Realty Group
Investment Insights
Based on property information with market context.
This commercial space is available for lease and suitable for various uses. The property features upgraded electrical service and two 5-ton rooftop heating and air conditioning units. A 2,200-square-foot recently paved and fenced parking lot adjacent to the building is included with the lease. Drawings are available for those interested in opening a child care business. A rental application and full credit report listing all scores dated within the last 30 days are required. A personal guarantee and a security deposit of 1.5 month's rent are also required.
Key Highlights
- Affordable commercial lease suitable for various businesses.
- Includes use of a 2,200 sq. ft. recently paved & fenced parking lot.
- Upgraded electrical service.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.70 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Church's Chicken
Dining
6,421 visits/mo
0.5 miles
Demographics for 48235, MI
45,188
Population
20,946
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
7,288
Density / Sq Mi
$41,011
Median Household Income
$31,545
Median Earnings
$1,151
Median Rent
$79,400
Median Home Value
Market
Lease Benchmarks for Detroit, MI
$14.35 /SF/Yr
Avg Asking Price
$3–$30 /SF/Yr
Price Range
13,863 SF
Avg Space Size
This space is priced 21% below the average of $14.35 /SF/Yr.
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Versatile commercial space with parking, suitable for various businesses.
Where is this retail space located?
The property is located at 16869 Schaefer Highway Detroit, MI.
What is the lease rate?
The lease rate is $11.36 SF/Yr.
What are key features of this property?
This property features: Affordable commercial lease suitable for various businesses.; Includes use of a **2,200 sq. ft. recently paved & fenced parking lot**.; Upgraded electrical service.
