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    Property profile & analytics
    FOR LEASE
    Strip malls

    2300 S Schaefer Hwy, Detroit, MI 48217

    6,600 SF 0.54 ac lot Built 2002
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1361357
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2002
    Total area 6,600 SF
    Lot 0.54 ac (23,522 SF)
    Zoning code B4
    APN 20018097-104
    UPID US43-1361357
    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
    Current use
    Occupant on record · Public records
    • Boost Mobile Mobile Phone Store Electronics & Wireless Store
    • King and Queen Event Planning/KQ Event Studio Event Planning Wedding Service
    • KQ Event Studio Hotel & Motel Resort
    • Back2Life Deliverance Cemter High School
    • Wawie Apparel Store Clothing & Fashion Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Nadia Realty LLC · 2 yrs held
    Nadia Realty LLC
    since 2024
    5 recorded transactions
    2024
    2023
    2020
    2009
    1969
    Zoning & alternative use
    B4 · Detroit, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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