5401 Schaefer # 1 & 2 Dearborn, MI $ 1,599,999
5401 Schaefer # 1 & 2
$ 1,599,999
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5401 Schaefer # 1 & 2

Dearborn, MI, 48126
$ 1,599,999
Bedrooms-- Baths-- Sq 9,029

Monthly Estimate*

$ 10,103

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Commercial Property for sale in Dearborn, MI

for $1,599,999. This 9,029 square foot building was built in 1941 on a lot size of 0.34.

Commercial opportunity at 5401 Schaefer in East Dearborn! Featuring commercial space with an upstairs residential unit, this property offers flexibility for an owner-user or investor. Includes two lots totaling approximately 0.34 acres with 14,810 square feet of land and combined dimensions of 133 x 112.50 feet. Situated along Schaefer Road near local shopping, dining, and neighborhood businesses. Zoned BB—Community Business District, which also allows uses permitted under BA—Local Business District, offering a range of potential business opportunities subject to city approval. The upstairs residential unit provides potential for additional rental income. Bring your vision to this Dearborn location! Buyer and buyer’s agent to verify all information, including measurements, permitted uses, parking requirements, and approved commercial and residential occupancy.

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Commercial Active

Price

$ 1,599,999

Property Type

Commercial

Taxes

$ 19,463

Style

RealEstateOnly

Lot Size

0.34

Year Built

1941

Town/City

Dearborn

County/Region

Wayne

MLS | Web ID

20261074286

Features
General
Sewer PublicSewer
Possession Negotiable
Garage Spaces 0.0
Construction Materials Brick
Year Built 1941
Unit Number 1 & 2
Property Subtype RealEstateOnly
Current Use Commercial MixedUse Residential Retail
Business Type Commercial Mixed 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 MAPLEWOOD PARK SUB
Garage Y/N N
Status Active
Directions E of Michigan Ave West of Ford Rd
City DearbornCity_Wayne
Senior Community Y/N N
High School District Dearborn
Zoning Description Commercial
MLS Area Area05093Dearborn
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 19463.0
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 314200
Expected Active Date 2026-09-14
Legal Description WLY 112.5 FT OF LOT 21 TO 23 AND WLY 112.5 FT OF S 28 FT OF LOT 20 MAPLEWOOD PARK SUB SPLIT ON 01/10/2020 WITH 82 10 182 09 021 INTO 82 10 182 09 041 82 10 182 09 042;
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Exterior
Water Source Public
Foundation Details Basement Block
Spa N
Building Area Total 9029.0
Lot Dimensions 133.00X112.50
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) Y
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Above Grade Finished Area 9029.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 5401
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* Excluded Features
List By
Simon Saleh

Listing Agent

Got Key'd Realty

Broker

(248) 635-2880

Phone

Affordability Calculator

$11,724
Per Month
86%
14%
0%
Monthly Principal & Interest
$10,103
Monthly Property Taxes
$1,622
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
848133 Elementary School
848587 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/15/2026$1,599,999 Listed Price

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5401 Schaefer # 1 & 2, Dearborn, MI, 48126 is a Commercial Property for sale at $1,599,999 with 9,029 sqft and a lot size of 0.34. 5401 Schaefer # 1 & 2 was built in 1941. The property's zip code is 48126 which is in Dearborn, MI