Retail Space in High-Traffic
For Lease
$5,750/Mo
5040 Schaefer Rd, Dearborn, MI 48126
4,500 SF retail space with bonus lower level.
Space SizeContact for details
Days on Market234
Property Features for 5040 Schaefer Rd
General Information
Standard status
Active
Site & Location
Neighborhood
Fordson West
Building Details
Year Built
1954
Listing Agency:
RE/MAX Team 2000
Listed By:
Yousef Beydoun, Michael Beydoun · License #6501354088
(313) 561-0900
Source:
Premiermichiganhomesearch
Added: Mar 10
Changed: Oct 25
Last Checked: Oct 7 at 3:02PM
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 RE/MAX Team 2000
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Investment Insights
Based on property information with market context.
This retail space offers 4,500 square feet with additional bonus space on the lower level. The property is located in a high-traffic area, neighboring O'Reilly Auto Parts and the Michigan Secretary of State. It features virtually unlimited parking, making it suitable for businesses seeking a location with customer access.
Key Highlights
- High‑traffic location next to O'Reilly Auto Parts and the Michigan Secretary of State.
- 4,500 square feet of retail space.
- Virtually unlimited parking.
Property Analytics
Who owns this building?
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.30 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,404
Businesses Nearby
127k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 27%
Home Improvements & Furnishings 1%
Apparel 1%
McDonald's
Dining
20,883 visits/mo
0.5 miles
Dollar Tree
Shops & Services
15,469 visits/mo
0.5 miles
Bank of America
Shops & Services
12,984 visits/mo
0.4 miles
Mobil
Shops & Services
12,516 visits/mo
0.5 miles
Starbucks
Dining
10,475 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Dearborn, MI
$18.28 /SF/Yr
Avg Asking Price
$6.55–$35 /SF/Yr
Price Range
3,802 SF
Avg Space Size
This space is priced 16% below the average of $18.28 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - 4,500 SF retail space with bonus lower level.
Where is this retail space located?
The property is located at 5040 Schaefer Rd Dearborn, MI.
What is the lease rate?
The lease rate is $5,750/Mo.
What are key features of this property?
This property features: High‑traffic location next to O'Reilly Auto Parts and the Michigan Secretary of State.; 4,500 square feet of retail space.; Virtually unlimited parking.
