Affordable Commercial Space with
For Lease
$4,500/Mo
16869 Schaefer Highway, Detroit, MI 48235
Versatile commercial space with parking, suitable for various businesses.
Space SizeContact for details
Property Size4,755 SF
Days on Market588
Property Features for 16869 Schaefer Highway
General Information
Standard status
Active
Size
4,755 SF
Amenities
Forced Air, Electric
Building Details
Building Size
4,755 SF
Year Built
1949
Buildings
1
Listing Agency:
Long Realty Group, LLC
Listed By:
Jabari Long · License #6505351134
(313) 215-9000
Source:
Evrealestate
Added: Feb 12, 2025
Changed: Sep 16
Last Checked: Sep 22 at 2:36PM
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 commercial space is available for lease and suitable for various uses. The property features upgraded electrical service and two 5-ton rooftop heating and air conditioning units. A 2,200-square-foot recently paved and fenced parking lot adjacent to the building is included with the lease. Drawings are available for those interested in opening a child care business. A rental application and full credit report listing all scores dated within the last 30 days are required. A personal guarantee and a security deposit of 1.5 month's rent are also required.
Key Highlights
- Affordable commercial lease suitable for various businesses.
- Includes use of a 2,200 sq. ft. recently paved & fenced parking lot.
- Upgraded electrical service.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.68 /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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Detroit, MI
$19.35 /SF/Yr
Avg Asking Price
$5.35–$175 /SF/Yr
Price Range
13,186 SF
Avg Space Size
This space is priced 27% above the average of $19.35 /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 - Versatile commercial space with parking, suitable for various businesses.
Where is this retail space located?
The property is located at 16869 Schaefer Highway Detroit, MI.
What is the lease rate?
The lease rate is $4,500/Mo.
What are key features of this property?
This property features: Affordable commercial lease suitable for various businesses.; Includes use of a **2,200 sq. ft. recently paved & fenced parking lot**.; Upgraded electrical service.
