16841 Schaefer Highway Detroit, MI $ 585,000
16841 Schaefer Highway
$ 585,000
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16841 Schaefer Highway

Detroit, MI, 48235
$ 585,000
Bedrooms-- Baths-- Sq 3,255

Monthly Estimate*

$ 3,602

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Commercial Property for sale in Detroit, MI

for $585,000. This 3,255 square foot building was built in 1995.

Prime Medical Office Opportunity! Ideally located directly across from Sinai Grace Hospital, this newly renovated medical building offers exceptional visibility, strong traffic counts, and a turnkey medical office layout. Currently occupied by a pharmacy, the property features a built-out medical suite with four exam rooms, a physician’s office, a management office, a lab, two bathrooms, and an X-ray room. A shared waiting area with an already thriving pharmacy provides added convenience and patient traffic. Additional highlights include a secure gated staff entrance, a spacious private parking lot, and a roof and HVAC system that are both in good working condition. The existing pharmacy is willing to remain and sign a long-term lease, providing immediate income potential, or may vacate with 24 months’ notice to accommodate alternative medical or professional uses. Outstanding location, excellent exposure, and tremendous potential—bring all offers! All measurements are approximate; buyer’s agent to verify.

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Commercial Active

Price

$ 585,000

Property Type

Commercial

Taxes

$ 2,004

Style

RealEstateOnly

Year Built

1995

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261039860

Features
General
Sewer PublicSewer
Heating Electric NaturalGas OtherHeatingSource
Possession SeeRemarks
Garage Spaces 0.0
Construction Materials Block
Year Built 1995
Levels Two
Property Subtype RealEstateOnly
Current Use Commercial MedicalDental Other
Business Type Commercial
County Wayne
Net Operating Income 0.0
Operating Expense 0.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Garage Y/N N
Status Active
Directions Schaefer Hwy
City DetroitCity_Wayne
Disclosures NoEncroachment
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial
MLS Area Area05032Det6To8GrnfldToLimits
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 2004.0
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 Tenant
Tax Assessed Value 25825
Expected Active Date 2026-06-01
Legal Description W SCHAEFER HWY S 0.56 FT ON E LINE BG S 2.44 FT ON W LINE OF 24 ALL OF 23&22 N 0.13 FT OF 21 CUMBERLAND INVESTMENT COS SUB L52 P71 PLATS W C R 22/186 40.69 IRREG
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Exterior
Water Source Public
Foundation Details Basement BrickMortar
Spa N
Building Area Total 3255.0
Lot Dimensions 100x100x100
Lot Size Acres 0.0
Waterfront Y/N N
Road Frontage Type ClassC
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 3255.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 16841
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* Excluded Features
List By
Nick Jaafar

Listing Agent

Keller Williams Legacy

Broker

(313) 228-3777

Phone

Affordability Calculator

$3,769
Per Month
96%
4%
0%
Monthly Principal & Interest
$3,602
Monthly Property Taxes
$167
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/1/2026$585,000 Listed Price

Map


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16841 Schaefer Highway, Detroit, MI, 48235 is a Commercial Property for sale at $585,000 with 3,255 sqft. 16841 Schaefer Highway was built in 1995. The property's zip code is 48235 which is in Detroit, MI