Property profile

12700 Schaefer Hwy Detroit, MI 48227

OFF-MARKET
Theaters & concert halls
Property ID
US43-4755175
6,108 SF 0.43 ac lot Built 1977
Individually Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The commercial property at 12700 Schaefer Highway in Detroit, Michigan consists of three parcels with a total lot size of 0.43 acres and an existing building area of 6,108 square feet. The site includes both commercial and industrial outdoor areas, including newly paved industrial ground. Zoning is split by site section: the north section is zoned B4 (business) and the south section is zoned M2 (industrial), supporting a broad range of uses. By-right uses include facilities and services such as assisted living, dormitories, shelters, schools, libraries, religious institutions, hospitals, daycare centers, banks, restaurants, offices, vehicle-related trade services, certain retail and service uses, and low- to medium-impact manufacturing and related activities. Conditional uses include items such as emergency shelters, certain residential formats (including single and two-family dwellings and townhouses), power plants, stadiums, substance abuse facilities, water treatment facilities, drive-through uses, liquor sales, pawnshops, entertainment venues, machine shops, storage facilities, and telecommunications-related uses.

Property profile

Verified
Property type Theaters & concert halls
Use group AUDITORIUM
Year built 1977
Total area 6,108 SF
Lot 0.43 ac (18,731 SF)
Zoning code B4
APN 22029801-3
UPID US43-4755175

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church

Location

12700 Schaefer Hwy Detroit, MI 48227-3586
Detroit metro Census 535200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$165k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2015
Price N/A
2015
Price N/A
2010
Price N/A
2008
$180,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B4 · Detroit, MI
Zoning description

), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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