Retail Storefront with Original
New
For Lease
$1,200/Mo
16895 Schaefer Hwy, Detroit, MI 48235
The space includes an existing furnace, newer electrical panel, multiple wall-outlet strips, and two restrooms.
Space Size1,400 SF
Days on Market2
Property Features for 16895 Schaefer Hwy
General Information
Standard status
Active
Size
1,400 SF
Net Rentable
1,400 SF
Space & Availability
Available Space
1,400 SF
Contiguous Space
1,400 SF
Space Use
Retail
Building Details
Year Built
1954
Listing Agency:
Long Realty Group, LLC
Listed By:
Jabari Long · License #6505351134
(313) 215-9000
Source:
Katie-k
Added: Sep 15
Last Checked: Sep 15 at 2:19PM
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 1,400-square-foot retail storefront at 16895 Schaefer Hwy in Detroit was constructed in 1954 and retains its original tile, ceiling, walls, and plumbing fixtures. The space is equipped with a furnace but does not have central air conditioning.
Electrical improvements include a newer panel and multiple strips of wall outlets. Two non-barrier-free restrooms are in place, with the layout allowing conversion to two unisex restrooms modified to meet barrier-free requirements. The prior occupant was an aquarium retailer, and the electrical layout was installed to support aquarium lighting.
Electrical improvements include a newer panel and multiple strips of wall outlets. Two non-barrier-free restrooms are in place, with the layout allowing conversion to two unisex restrooms modified to meet barrier-free requirements. The prior occupant was an aquarium retailer, and the electrical layout was installed to support aquarium lighting.
Key Highlights
- 1,400‑square‑foot retail storefront at 16895 Schaefer Hwy
- Constructed in 1954 with original tile, ceiling, walls, and plumbing fixtures
- Furnace installed; no central air conditioning
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.54 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,265
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 48%
Burger King
Dining
13,308 visits/mo
0.1 miles
KFC
Dining
8,087 visits/mo
0.1 miles
Valero Energy
Shops & Services
6,757 visits/mo
0.5 miles
Sunoco
Shops & Services
5,693 visits/mo
0.5 miles
Mobil
Shops & Services
4,163 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
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Market
Lease Benchmarks for Detroit, MI
$20.83 /SF/Yr
Avg Asking Price
$5.35–$175 /SF/Yr
Price Range
5,869 SF
Avg Space Size
This space is priced 51% below the average of $20.83 /SF/Yr.
Vacancy Rate% for Retail in Detroit, MI
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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 - The space includes an existing furnace, newer electrical panel, multiple wall-outlet strips, and two restrooms.
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: 1,400‑square‑foot retail storefront at 16895 Schaefer Hwy; Constructed in 1954 with original tile, ceiling, walls, and plumbing fixtures; Furnace installed; no central air conditioning
