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Property profile & analytics

16895 Schaefer Hwy Detroit, MI 48235

  • Retail space
  • 2,792 SF
  • 0.08 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-1094900
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Retail space

Property Details for 16895 Schaefer Hwy

Year built
1954
Lot size
0.08 lot acres
Property size
2,792 SF
Zone code
B2
Property type
Retail space
APN
22030638-9
APU
220306389

Description

This 1,400-square-foot single-tenant creative office space in Detroit, Michigan, is located at 16895 Schaefer Hwy, in Wayne County, zip code 48235. The property features original tile, ceiling, walls, and plumbing fixtures, offering a unique character. While it currently lacks central air conditioning, the landlord will contribute 50% towards the installation of a new system and a security cage for the condensing unit. The space boasts a newer electrical panel and ample wall outlets, a legacy from its previous use as an aquarium. Two restrooms are available, potentially adaptable to meet barrier-free requirements. All utilities (electricity, gas, and water) are separately metered and located on-site. The property is zoned B-2 Local Business and Residential District, allowing various businesses subject to specific code requirements. On-street parking and asphalt parking lots are available. The monthly rental rate is $1,200, with a $2,400 security deposit required. Leases are for a minimum of one year, and seasonal businesses are not considered. The landlord is open to collaborating with tenants utilizing public and private grant and loan programs, including Motor City Match. This space presents a unique opportunity for a retail business seeking a character-filled location with potential for modernization.


Value Estimations

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Location Insight

  • Map
  • Local Demand
City
Detroit
County
Wayne
State
Michigan
Longitude
-83.1801
Latitude
42.4158
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$1,639
$0.00
$0.00
$52,100
-
$0.00
$0.00
$104,200
More about this property
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