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Property profile & analytics
OFF-MARKET Estimated value $1,730,000
Strip malls

13427 Schaefer Hwy Detroit, MI 48227-3538

14,762 SF 1.02 ac lot Built 2006
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US43-5181785
Property summary
AI-generated overview

Schaefer Square Plaza offers a prime retail opportunity in a thriving Detroit location. This 14,762 square foot strip center currently has 3,000 square feet of vacant space available for lease. The property boasts a strong tenant mix, including established businesses such as Detroit Kidney Center and Fred's Crab Shack, ensuring high foot traffic and visibility for new tenants. The available space is ideal for a variety of retail uses and presents a unique chance to establish a presence in a busy commercial area. The building's multiple tenancy structure provides a diverse and vibrant atmosphere, attracting a wide range of customers. This is an exceptional opportunity for businesses seeking a well-located, high-traffic retail space in a dynamic commercial environment. The 3,000 square foot space offers significant potential for growth and success, benefiting from the established presence of successful neighboring businesses. The property's location within a bustling commercial district guarantees excellent exposure and accessibility for customers. Interested parties are encouraged to inquire about lease terms and availability. This is a rare opportunity to secure a prominent retail space in a desirable Detroit location. The property's strong tenant mix and high foot traffic make it an ideal investment for businesses seeking to expand their reach and increase their market share. Don't miss this chance to become part of a thriving commercial center.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Total area 14,762 SF
Lot 1.02 ac (44,431 SF)
Zoning code B4
APN 22030913-7
UPID US43-5181785
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.27M
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$1.73M
Owner & transaction history
9 Mile B&b LLC · 4 yrs held
9 Mile B&b LLC
since 2022
Last sale
$1.8M
4 recorded transactions
2022
$1.8M
2017
Price N/A
2015
$690,000
2011
Price N/A
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.3M +20.4%
Commercial (general) $1.2M +4.0%
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