13427 Schaefer HwyDetroit, MI 48227

Property Details for 13427 Schaefer Hwy

Year built

2006

Lot size

1.02 AC

Property size (Sq ft)

14,762 SF

Zone code

B4

Property type

Strip malls

Property subtype

Neighborhood centers

APN

22030913-7

APU

220309137

Description

Schaefer Square Plaza offers a prime retail opportunity in a thriving Detroit location. This 14,762 square foot strip center currently has 3,000 square feet of vacant space available for lease. The property boasts a strong tenant mix, including established businesses such as Detroit Kidney Center and Fred's Crab Shack, ensuring high foot traffic and visibility for new tenants. The available space is ideal for a variety of retail uses and presents a unique chance to establish a presence in a busy commercial area. The building's multiple tenancy structure provides a diverse and vibrant atmosphere, attracting a wide range of customers. This is an exceptional opportunity for businesses seeking a well-located, high-traffic retail space in a dynamic commercial environment. The 3,000 square foot space offers significant potential for growth and success, benefiting from the established presence of successful neighboring businesses. The property's location within a bustling commercial district guarantees excellent exposure and accessibility for customers. Interested parties are encouraged to inquire about lease terms and availability. This is a rare opportunity to secure a prominent retail space in a desirable Detroit location. The property's strong tenant mix and high foot traffic make it an ideal investment for businesses seeking to expand their reach and increase their market share. Don't miss this chance to become part of a thriving commercial center.

• CAP approach

  CAP return

  Valuation

  6%

  $4,513,312

  6.5%

  $4,166,134

  7%

  $3,868,554

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,479,710

  Geo Method

  $3,479,710

• Alternative Use

  Use

  Valuation

  Residential

  $3,514,290

  Hospitality

  $3,219,071

  Educational

  $2,678,229

  Medical

  $2,770,338

  Retail

  $4,166,134

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3869

Longitude

-83.1789

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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