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465 S Schaefer Highway Detroit, MI $ 699,999
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$ 699,999 Get more info
465 S Schaefer Highway
$ 699,999
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465 S Schaefer Highway

Detroit, MI, 48217
$ 699,999
Bedrooms-- Baths-- Sq 7,419

Monthly Estimate*

$ 4,420

465 S Schaefer Highway, Detroit, MI 48217 - Image 1
465 S Schaefer Highway, Detroit, MI 48217 - Image 2
465 S Schaefer Highway, Detroit, MI 48217 - Image 3
465 S Schaefer Highway, Detroit, MI 48217 - Image 4
465 S Schaefer Highway, Detroit, MI 48217 - Image 5
465 S Schaefer Highway, Detroit, MI 48217 - Image 6
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465 S Schaefer Highway, Detroit, MI 48217 - Image 8
465 S Schaefer Highway, Detroit, MI 48217 - Image 9
465 S Schaefer Highway, Detroit, MI 48217 - Image 10
465 S Schaefer Highway, Detroit, MI 48217 - Image 11

Commercial Property for sale in Detroit, MI

for $699,999. This 7,419 square foot building was built in 1969 on a lot size of 0.34.

Rare opportunity to acquire a freestanding 7,500 SF commercial building situated on a highly visible corner parcel along Schaefer Road in Detroit. The property is currently in shell condition, allowing an owner-user or investor to customize the interior for a variety of commercial or industrial uses. Zoned M4, the site offers flexibility for manufacturing, warehousing, automotive, contractor operations, showroom, distribution, or retail uses (subject to municipal approval). The property features approximately 25 parking spaces, excellent street frontage on both Schaefer Road and Oakwood, convenient access to I-75, I-94, and I-96, and strong exposure in a growing commercial corridor. Ideal for businesses seeking a customizable facility or investors looking for value-add potential.

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Commercial Active

Price

$ 699,999

Property Type

Commercial

Taxes

$ 8,657

Style

RealEstateOnly

Lot Size

0.34

Year Built

1969

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261053285
Features
General
Sewer PublicSewer
Possession AtClose
Garage Spaces 0.0
Construction Materials Brick
Year Built 1969
Property Subtype RealEstateOnly
Current Use MixedUse Restaurant Retail
Business Type Commercial Industrial Retail
County Wayne
Net Operating Income 0.0
Operating Expense 0.0
New Construction N
Property Type CommercialSale
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 8657.0
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
Tax Assessed Value 103091
Expected Active Date 2026-07-12
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
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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
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 7419.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 465
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* Excluded Features
List By
Simon Saleh

Listing Agent

Senan Llc

Broker

(248) 635-2880

Phone

Affordability Calculator

$5,141
Per Month
86%
14%
0%
Monthly Principal & Interest
$4,420
Monthly Property Taxes
$721
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/12/2026$699,999 Listed Price

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465 S Schaefer Highway, Detroit, MI, 48217 is a Commercial Property for sale at $699,999 with 7,419 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

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