Property profile

5641 Schaefer Rd Dearborn, MI 48126

FOR LEASE
Office buildings
Property ID
US43-1517209
1,302 SF 0.09 ac lot Built 1947
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This beautifully remodeled 1,400 square foot office building in Dearborn, Michigan, is available for immediate occupancy. Located on a high-traffic road in Wayne County, this single-story property sits on a 0.09-acre lot and is ideally suited for a variety of uses, including law offices, medical practices, or retail businesses. The building features three spacious executive offices with custom decor and gleaming hardwood floors. A modern common area boasts elegant custom tile work and recessed lighting. The remodeled kitchen includes granite counters, a tile backsplash, modern hardware, and appliances. Both 1.5 bathrooms are fully tiled. A standout feature is the finished basement, complete with an air ventilation system, updated ceramic tile, recessed lighting, a full bathroom, and ample storage space, perfect for meetings or additional office space. The asking price is $399,500, with a price per square foot of $285.36. This is a fantastic opportunity to acquire a move-in ready office space in a desirable location. The property's zip code is 48126.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1947
Total area 1,302 SF
Lot 0.09 ac (3,920 SF)
Zoning code BB
APN 82 10 074 31 017
UPID US43-1517209

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Pharmacy

Location

5641 Schaefer Rd Dearborn, MI 48126
Dearborn metro Census 573300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$145k

Owner & transaction history

since 2025
Last sale
$125,000
7 recorded transactions
2025
Price N/A
2025
Price N/A
2022
$125,000
2018
$190,000
2016
Price N/A
2014
$178,000
2004
Price N/A

Zoning & alternative use

BB · Dearborn, MI
Zoning description

SIDENTIAL PRESERVATION DISTRICT ARTICLE 12.00 - R-C, R-D, AND R-E MULTIPLE FAMILY RESIDENTIAL DISTRICTS[1] ARTICLE 13.00 - O-S, BUSINESS OFFICE DISTRICT[1] ARTICLE 14.00 - B-A, LOCAL BUSINESS DISTRICT[1] ARTICLE 15.00 -…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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