Storefront Property on Schaefer
For Lease
$1,200/Mo
16895 Schaefer Hwy, Detroit, MI 48235
Storefront property with original features, suitable for retail.
Space SizeContact for details
Lot Size0.03 Acres
Days on Market657
Property Features for 16895 Schaefer Hwy
General Information
Standard status
Active
Lot size
0.03 Acres
Listing Agency:
Long Realty Group, LLC
(313) 215-9000
Listed By:
Jabari Long · License #6502351135
(313) 215-9000
Source:
Exprealty
Added: Oct 24, 2024
Changed: Aug 10
Last Checked: Aug 10 at 9:14AM
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, LLC
Investment Insights
Based on property information with market context.
This 1400-square-foot storefront property was last occupied by Kev's Aquarium. The space retains its original tile, ceiling, walls, and plumbing fixtures from when it was constructed. It is equipped with a furnace but lacks central air conditioning. The landlord is willing to reimburse the tenant for 50% of the cost of a new central air conditioning system and a security cage for the condensing unit. A newer electrical panel and several strips of wall outlets, previously used to power aquarium lights, are present. The property includes two non-barrier-free Men's and Women's Restrooms, which may be converted into two unisex restrooms to comply with barrier-free restroom requirements. The property is located on Schaefer Hwy.
Key Highlights
- Landlord will reimburse 50% of cost for a new central air conditioning system and security cage.
- Newer electrical panel and multiple wall outlets, suitable for high‑power equipment.
- 1400‑square‑foot storefront property.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.54 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
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
$15.36 /SF/Yr
Avg Asking Price
$3–$32.73 /SF/Yr
Price Range
11,479 SF
Avg Space Size
This space is priced 33% below the average of $15.36 /SF/Yr.
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Similar Off Market Nearby
- Brittani's Flower & Gifts — 16159 Meyers Rd, Detroit, MI 48235
- Bob Farr's Florist — 14149 W McNichols Rd, Detroit, MI 48235
Frequently Asked Questions
What type of property is this?
Storefront property - Storefront property with original features, suitable for retail.
Where is this storefront property located?
The property is located at 16895 Schaefer Hwy Detroit, MI.
What is the lease rate?
The lease rate is $1,200/Mo.
What are key features of this property?
This property features: Landlord will reimburse 50% of cost for a new central air conditioning system and security cage.; Newer electrical panel and multiple wall outlets, suitable for high‑power equipment.; 1400‑square‑foot storefront property.
