465 S Schaefer Highway Detroit, MI ^$ 699,999

465 S Schaefer Highway

^$ 699,999

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Recently Listed

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

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465 S Schaefer Highway, Detroit, MI 48217 - Image 3

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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 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.

Commercial Active

Price

^$ 699,999

Property Type

Commercial

Taxes

^$ 8,657

Style

Commercial/Industrial

Lot Size

0.34

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

61010583

Features

General

Possession At Close

Water Public Water

Status Active Active

Year Built 19

Subdivision Metes & Bounds Descriptio N-Sub N/A MI

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership Private

Municipality Detroit

Zoning Commercial

Sale/Rent For Sale

Status Detail 0

Area Detroit (82001)

Primary City Detroit

Directions E of Greenfield

City Detroit

Financial Terms Cash Conventional

Legal Description

DOM 2

Postal Code 48217

Price Per Sq Ft Total AG 94.35

Public Remarks 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

Exterior

Exterior Brick

Frontage 70

Lot Size Area 0.34

Lot Dimensions 70X210.86

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Simon Saleh

Listing Agent

Senan Llc

Broker

info@simonsaleh.com

Affordability Calculator

$5,141

Per Month

Monthly Principal & Interest: $4,420
Monthly Property Taxes: $721
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$461,669

Percent of Sale Price 34%

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.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/13/2026	$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. 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 6.49% 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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465 S Schaefer Highway

Commercial Property for sale in Detroit, MI

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