2300 S Schaefer Hwy, Detroit, MI 48217
For Lease
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This exceptional 6,600 square foot retail center, located at 2300 S Schaefer Hwy in Detroit, Michigan, presents a compelling investment opportunity. Currently boasting 100% occupancy, this property offers a strong 12.50% capitalization rate, making it an attractive addition to any portfolio. The asking price is $575,000, translating to $87.12 per square foot. The single-building property features ample parking with 32 spaces available for tenants and customers. Its convenient location provides easy access to the I-75 expressway, ensuring high visibility and accessibility for businesses and patrons alike. Situated in Wayne County, Michigan, zip code 48217, this retail strip center is a turnkey operation ready for immediate income generation. The property's strong performance and prime location make it an ideal investment for those seeking a stable, high-return asset in the thriving Detroit market. This is a rare opportunity to acquire a fully occupied, high-performing retail property with significant upside potential. Don't miss out on this chance to secure a valuable piece of Detroit's commercial real estate landscape.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MIDetroit. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.