Spacious Retail Building on
For Lease
$2,250/Mo
16901 Schaefer Hwy, Detroit, MI 48235
2,800 SF building suitable for retail or religious facility.
Space SizeContact for details
Lot Size0.06 Acres
Days on Market681
Property Features for 16901 Schaefer Hwy
General Information
Standard status
Active
Lot size
0.06 Acres
Listing Agency:
Long Realty Group, LLC
(866) 542-7664
Listed By:
Jabari Long · License #79550
(313) 215-9000
Source:
Exprealty
Added: Oct 24, 2024
Changed: Sep 3
Last Checked: Aug 25 at 4:57AM
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 2,800-square-foot building is located in the B-2 Local Business and Residential District, where businesses listed under this zoning classification are permitted subject to use-specific code requirements. The building's size is twice that of other buildings in the contiguous strip. Previously used as a church, the property was recently considered for a social club or event hall. However, rezoning is required to legally operate an event space. Applications for event space use will only be considered if the prospective tenant collaborates with the landlord to initiate and complete the rezoning process before lease execution. The property is situated at 16901 Schaefer Hwy, Detroit, MI, 48235-5206.
Key Highlights
- Large Size: Boasting 2,800 square feet, this building offers twice the space of others in the strip.
- B‑2 Zoning: Currently zoned B‑2 Local Business and Residential District, allowing for various business types, subject to use‑specific code requirements.
- Prior Church Use: Previously used as a church, making it suitable for assembly or community‑oriented purposes.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.45 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,265
Businesses Nearby
44k
Monthly Visits Nearby
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
Market
Lease Benchmarks for Detroit, MI
$16.39 /SF/Yr
Avg Asking Price
$2.85–$35 /SF/Yr
Price Range
13,201 SF
Avg Space Size
This space is priced 41% below the average of $16.39 /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 - 2,800 SF building suitable for retail or religious facility.
Where is this retail space located?
The property is located at 16901 Schaefer Hwy Detroit, MI.
What is the lease rate?
The lease rate is $2,250/Mo.
What are key features of this property?
This property features: Large Size: Boasting 2,800 square feet, this building offers twice the space of others in the strip.; B‑2 Zoning: Currently zoned B‑2 Local Business and Residential District, allowing for various business types, subject to use‑specific code requirements.; Prior Church Use: Previously used as a church, making it suitable for assembly or community‑oriented purposes.
