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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
    2015
    $690,000
    2011
    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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