13427 Schaefer Hwy Detroit, MI 48227
- Strip malls
- 14,762 SF
- 1.02 lot acres
Current Use by Public Records
- Strip malls
Property Details for 13427 Schaefer Hwy
- Year built
- 2006
- Lot size
- 1.02 lot acres
- Property size
- 14,762 SF
- Zone code
- B4
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 22030913-7
- APU
- 220309137
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,660,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,460,000
- 6.5%
- $2,270,000
- 7%
- $2,105,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,174,000
Market price range: $512k - $1.35M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,120,000 Current use
- RESTAURANT
- $1,345,000 Change: +20% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,165,000 Change: +4% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1789
- Latitude
- 42.3869
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
