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Mixed-Use Building with Retail Units
For Sale
Contact for pricing
Pending

4423 Schaefer Rd, Dearborn, MI 48126

Existing retail occupancy includes a month-to-month leather store with basement space.

Property SizeContact for details
Days on Market143

Property Features for 4423 Schaefer Rd

General Information

Standard status Pending
Property subtype Mixed Use, Retail

Building Details

Tenancy Multi
Listing Agency: Kader Alcodray
Listed By: Kader Alcodray · License #MI 6501445035
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 8:43PM

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 Kader Alcodray

Investment Insights

Based on property information with market context.

This mixed-use property at 4423-4425 Schaefer Rd includes two existing retail units. One is occupied by a leather store on a month-to-month lease, with basement space included. The upstairs corner area may be adaptable for office or residential use, subject to confirmation with the city.

A possible third retail unit is identified on Nagy St. The property is positioned behind the old city hall in Dearborn and encompasses two-thirds of the block, providing a combination of current retail use and additional space for future planning.

Key Highlights

  • Two existing retail units at 4423‑4425 Schaefer Rd
  • Leather store has occupied space since the 60's and leases month to month
  • Basement space serves the occupied retail unit

Property Analytics

Current Use

Evergreen Painting & Construction ... Painting

Suggested Use

Top Pick Real Estate Agency Electrical Service Storage Facility Catering Service (Bike/Boat/Book/etc) Store Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,110
Businesses Nearby
52k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 69% Groceries 25% Home Improvements & Furnishings 3% Apparel 2%
Bank of America Shops & Services
12,984 visits/mo 0.5 miles
Restaurant Depot Groceries
12,839 visits/mo 0.4 miles
Shell Shops & Services
6,083 visits/mo 0.2 miles
Marathon Shops & Services
4,635 visits/mo 0.3 miles
O'Reilly Auto Parts Shops & Services
4,269 visits/mo 0.4 miles

Demographics for 48126, MI

55,863
Population
16,919
Households
3.3
Avg Household Size
28
Median Age
24%
College-Educated
74%
High-School Grad
8.4 sq mi
ZIP Area
6,650
Density / Sq Mi
$42,353
Median Household Income
$27,724
Median Earnings
$1,222
Median Rent
$200,600
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Existing retail occupancy includes a month-to-month leather store with basement space.
Where is this mixed-use property located?
The property is located at 4423 Schaefer Rd Dearborn, MI.
What are key features of this property?
This property features: Two existing retail units at 4423‑4425 Schaefer Rd; Leather store has occupied space since the 60's and leases month to month; Basement space serves the occupied retail unit
More about this property
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