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Two-Unit Retail Space
For Lease
$1,500/Mo

465 S Schaefer, Detroit, MI

The larger suite previously operated as a bar, while the smaller space is suited to office or specialty service use.

Space Size1,000 SF - 1,500 SF
Days on Market454

Property Features for 465 S Schaefer

General Information

Standard status Active
Size 1,000 SF - 1,500 SF
Net Rentable 1,000 SF
Zoning Commercial

Space & Availability

Available Space 1,000-1,500 SF
Contiguous Space 1,500 SF
Space Use Office
Available From Immediate

Site & Location

Neighborhood Medical Center
Listing Agency: Got Key'd Realty
Listed By: Simon Saleh · License #MI427828
Source: Jabachler
Added: Aug 4, 2025 Changed: Oct 30 Last Checked: Oct 30 at 2:11AM

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 Got Key'd Realty

Rey
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Investment Insights

Based on property information with market context.

Two retail suites are available for lease at 465 S Schaefer in Detroit. The approximately 1,000-square-foot space is described as suitable for a small office or specialty service, while the approximately 1,500-square-foot suite previously operated as a bar. Commercial zoning applies to the property.

Both spaces are available for immediate occupancy. The larger suite may accommodate a restaurant, office, or mixed-use business, subject to applicable requirements.

Key Highlights

  • Two retail suites available for lease
  • Approximately 1,000 square feet; described for small office or specialty service use
  • Approximately 1,500 square feet; previously operated as a bar

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Nail Salon HVAC Service Kitchen & Bath Showroom Barber Shop Accounting Firm Carpet & Flooring Store

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

4,556
Businesses Nearby
133k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 32% Dining 29% Shops & Services 27% Apparel 9%
Whole Foods Market Groceries
42,654 visits/mo 0.2 miles
McDonald's Dining
31,104 visits/mo 0.3 miles
Shell Shops & Services
13,363 visits/mo 0.4 miles
Shinola Apparel
9,011 visits/mo 0.3 miles
Condado Tacos Dining
7,597 visits/mo 0.3 miles

Market

Lease Benchmarks for Detroit, MI

$17.81 /SF/Yr
Avg Asking Price
$5.35–$100 /SF/Yr
Price Range
12,626 SF
Avg Space Size

Vacancy Rate% for Retail in Detroit, MI

7.5% 2019
9.2% 2020
8.5% 2021
7.3% 2022
7.9% 2023
7% 2024
7% 2025

Frequently Asked Questions

What type of property is this?
Retail space - The larger suite previously operated as a bar, while the smaller space is suited to office or specialty service use.
Where is this retail space located?
The property is located at 465 S Schaefer Detroit, MI.
What is the lease rate?
The lease rate is $1,500/Mo.
What are key features of this property?
This property features: Two retail suites available for lease; Approximately 1,000 square feet; described for small office or specialty service use; Approximately 1,500 square feet; previously operated as a bar
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