465 S Schaefer Highway Detroit, MI ^$ 1,500

465 S Schaefer Highway

^$ 1,500

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465 S Schaefer Highway

Detroit, MI, 48217

^$ 1,500

Bedrooms-- Baths-- Sq 1,500

Monthly Estimate*

^$ 9

465 S Schaefer Highway, Detroit, MI 48217 - Image 1

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465 S Schaefer Highway, Detroit, MI 48217 - Image 5

465 S Schaefer Highway, Detroit, MI 48217 - Image 6

465 S Schaefer Highway, Detroit, MI 48217 - Image 7

465 S Schaefer Highway, Detroit, MI 48217 - Image 8

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465 S Schaefer Highway, Detroit, MI 48217 - Image 10

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Commercial Property for sale in Detroit, MI

for $1,500. This 1,500 square foot building was built in 1969 on a lot size of 0.34.

Two commercial units available for lease in a high-traffic area near the Detroit and Melvindale border. One unit is approximately 1000 sq ft, ideal for a small office or specialty service use. The second unit is approximately 1,500 sq ft and was formerly a bar—owner is flexible on use, making it suitable for a restaurant, office, or mixed-use business. Both spaces offer excellent visibility, easy access to major roads, and are surrounded by established businesses. Great opportunity for a variety of commercial uses. Immediate occupancy available. BATVAI.

Commercial Active

Price

^$ 1,500

Property Type

Commercial

Taxes

^$ 0

Style

RealEstateOnly

Lot Size

0.34

Year Built

1969

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251024000

Features

General

Sewer PublicSewer

Possession AtClose

Garage Spaces 0.0

Construction Materials Brick

Year Built 1969

Security Deposit 4500.0

Property Subtype RealEstateOnly

Current Use MixedUse Restaurant Retail

County Wayne

New Construction N

Property Type CommercialLease

HOA N

Attached Garage N

Subdivision Name METES & BOUNDS DESCRIPTIO N-SUB N/A

Garage Y/N N

Status Active

Directions E of Greenfield

City DetroitCity_Wayne

Senior Community Y/N N

High School District Detroit

Zoning Description Commercial

MLS Area Area05101DetSouthOfGrandRiver

Lot Size Units Acres

Carport Y/N N

Land Lease Y/N N

Tax Annual Amount 0.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Vacant

Expected Active Date 2025-08-04

Legal Description E SCHAEFER THAT PT OF P C 671 DESC AS FOLS BEG AT A PTE IN E LINE SCHAEFER 93 FT WD DIST N 25D 16M W 112.94 FT FROM INTSEC N LINE OAKWOOD 100 FT WD TH N 69D 39M E 210.86 FT TH N 25D 16M W 70 FT TH S

Exterior

Water Source Public

Foundation Details Slab

Spa N

Building Area Total 7419.0

Lot Dimensions 70X210.86

Lot Size Acres 0.34

Waterfront Y/N N

Road Frontage Type Paved

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Above Grade Finished Area 1500.0

Above Grade Finished Area Unit Type SquareFeet

Internal Only

Street Number 1 465

* Excluded Features

List By

Simon Saleh

Listing Agent

Simon & Associates Real Estate

Broker

(248) 635-2880

Phone

Affordability Calculator

Per Month

Monthly Principal & Interest: $9
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$496,505

Percent of Sale Price 33,000%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

848539 Elementary School

848135 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/5/2025	$1,500		Listed Price

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465 S Schaefer Highway, Detroit, MI, 48217 is a Commercial Property for sale at $1,500 with 1,500 sqft and a lot size of 0.34. 465 S Schaefer Highway was built in 1969. The property's zip code is 48217 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/8/2025.

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465 S Schaefer Highway

Commercial Property for sale in Detroit, MI

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