Storefront Property on Schaefer
For Lease
Contact for pricing
16895 Schaefer Highway, Detroit, MI 48235
1400 SF storefront with original features and potential uses.
Space Size1,400 SF
Days on Market886
Property Features for 16895 Schaefer Highway
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Retail
Building Details
Building Size
1,400 SF
Year Built
1954
Tenancy
Single
Spaces For Lease
at 16895 Schaefer Highway Contact us- Size
- 1,400 SF
- Type
- Retail
- Availability
- Active
Available Space
Listing Agency:
Long Realty Group
(313) 215-9000
Listed By:
Jabari Long · License #6505351134
Source:
Crexi
Added: Mar 21, 2024
Changed: Aug 8
Last Checked: Aug 23 at 6:23AM
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
Investment Insights
Based on property information with market context.
This 1400-square-foot storefront property was previously occupied by Kev's Aquarium, a spinoff of Exotic Aquarium. The space retains its original tile, ceiling, walls, and plumbing fixtures from its original construction. It is equipped with a furnace but lacks central air conditioning; however, the landlord will reimburse the tenant for 50% of the cost of a new central air conditioning system and a security cage for the condensing unit. A newer electrical panel and multiple strips of wall outlets, previously used for aquarium lights, are present. The property includes two non-barrier-free restrooms, designated for men and women, which can be converted into two unisex restrooms to comply with barrier-free requirements. The property is located on Schaefer Highway in Detroit, MI.
Key Highlights
- 1400‑square‑foot storefront property.
- Landlord will reimburse Tenant for 50% of the cost of a new central air conditioning system and security cage.
- Newer electrical panel with multiple wall outlets, suitable for high‑power equipment.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.54 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,265
Businesses Nearby
44k
Monthly Visits Nearby
Under-served
Demand for This Use
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
$15.24 /SF/Yr
Avg Asking Price
$3–$32.73 /SF/Yr
Price Range
4,463 SF
Avg Space Size
This space is priced 32% below the average of $15.24 /SF/Yr.
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Similar Off Market Nearby
- Brittani's Flower & Gifts — 16159 Meyers Rd, Detroit, MI 48235
- Bob Farr's Florist — 14149 W McNichols Rd, Detroit, MI 48235
Frequently Asked Questions
What type of property is this?
Storefront property - 1400 SF storefront with original features and potential uses.
Where is this storefront property located?
The property is located at 16895 Schaefer Highway Detroit, MI.
What is the lease rate?
The lease rate is $10.29 SF/Yr.
What are key features of this property?
This property features: 1400‑square‑foot storefront property.; Landlord will reimburse Tenant for 50% of the cost of a new central air conditioning system and security cage.; Newer electrical panel with multiple wall outlets, suitable for high‑power equipment.
