For Sale
$575,000

2300 Schaefer Hwy Detroit, MI 48217

High-Yield Detroit Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
135
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.

Highlights

  • 6,600 square foot retail center in Detroit, MI
  • 100% occupancy with a 12.5% capitalization rate
  • Convenient I-75 expressway access
  • 32 parking spaces
  • Retail strip center at 2300 S Schaefer Hwy, Detroit, MI 48217, priced at $575,000 ($87.12/sq ft)

Property Details for 2300 Schaefer Hwy

Property type
Retail properties
Square Feet
6,600 SF
Buildings
1

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.274567
Longitude
-83.1502217

FAQs

What type of property is this?
Retail property - High-Yield Detroit Retail Investment
Where is the retail property located?
The property is located at 2300 Schaefer Hwy Detroit, MI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 6,600 square foot retail center in Detroit, MI; 100% occupancy with a 12.5% capitalization rate; Convenient I-75 expressway access
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2300 Schaefer Hwy
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