465 S Schaefer Highway
Detroit, MI, 48217 $ 799,999
Bedrooms-- Baths-- Sq 7,500 Monthly Estimate*
$ 5,051
for $799,999. This 7,500 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 on a highly visible corner parcel at Schaefer Highway and Oakwood Boulevard in Southwest Detroit. Zoned M-4 (Intensive Industrial District), this versatile property is ideal for owner-users, investors, manufacturers, contractors, distributors, automotive businesses, warehouses, showrooms, retail uses (subject to municipal approval), and cannabis-related operations where permitted. Currently in shell condition, the building offers a blank canvas for customization to meet your operational needs. The property features approximately 25 newly paved parking spaces, an overhead door, excellent frontage on both Schaefer Highway and Oakwood Boulevard, and outstanding visibility in one of Detroit's premier industrial corridors. Strategically located directly across from the Marathon Petroleum Refinery, just minutes from the Ford Rouge Complex, and only 12 minutes from Downtown Detroit. The property sits between I-75 and I-94, offers convenient access to I-96, and is the first exit off I-75 from the new Gordie Howe International Bridge, providing exceptional regional and international connectivity. This location is ideal for construction trades, electrical, plumbing, HVAC, logistics, manufacturing, warehousing, distribution, fleet operations, and businesses serving the Southwest Detroit industrial market. Conveniently positioned near Dearborn, Melvindale, and other major Wayne County communities, this property offers outstanding accessibility, flexibility, and long-term investment potential
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FeaturesGeneralSewer PublicSewer
Possession AtClose
Garage Spaces 0.0
Construction Materials Brick
Year Built 1969
Property Subtype RealEstateOnly
Current Use Commercial MixedUse Retail Vacant
County Wayne
Net Operating Income 12900.0
Operating Expense 7500.0
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 Oakwood Blvd
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial Multiple
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 MultipleOccupantTypes
Tax Assessed Value 105874
Expected Active Date 2026-08-25
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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ExteriorWater 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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InteriorBasement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 7500.0
Above Grade Finished Area Unit Type SquareFeet
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $5,051
- 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.
Learn more about how to save NearbyCommerical listings in Detroit, MI
Average List Price $468,573
Percent of Sale Price 41%
About Detroit, MI 633,657 Population
-33% Since 2002
$ 26,977 Median Income
36.23 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/25/2026 | $799,999 | | Listed Price |