5401 Schaefer Dearborn, MI ^$ 1,599,999

5401 Schaefer

^$ 1,599,999

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5401 Schaefer

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 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.

Commercial Active

Price

^$ 1,599,999

Property Type

Commercial

Taxes

^$ 19,463

Style

Commercial/Industrial

Lot Size

0.34

Town/City

Dearborn

County/Region

Wayne

MLS | Web ID

61030231

Features

General

Possession Negotiable (Possession)

Water Public Water

Status Active Active

Year Built 19

Subdivision Maplewood Park Sub MI

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership Private

Municipality Dearborn

Zoning Commercial

Sale/Rent For Sale

Status Detail 0

Area Dearborn (82093)

Primary City Dearborn

Directions E of Michigan Ave West of Ford Rd

City Dearborn

Financial Terms Cash Conventional

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;

DOM 12

Postal Code 48126

Price Per Sq Ft Total AG 177.21

Public Remarks Commercial opportunity at 5401 Schaefer in East Dearborn! Featuring commercial space with an upstairs residential unit

Exterior

Exterior Brick

Frontage 112

Lot Size Area 0.34

Lot Dimensions 133.00X112.50

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Simon Saleh

Listing Agent

Got Key'd Realty

Broker

info@simonsaleh.com

Affordability Calculator

$11,724

Per Month

Monthly Principal & Interest: $10,103
Monthly Property Taxes: $1,622
Monthly Home Insurance: --

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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 Dearborn, MI

Average List Price ^$242,990

Percent of Sale Price 85%

About Dearborn, MI

99,037 Population

1% Since 2002

^$49,400 Median Income

34.6 Median Age

34% 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
9/15/2026	$1,599,999		Listed Price

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

Commercial Property for sale in Dearborn, MI

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