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12343 Schaefer Hwy

Off-Market

12343 Schaefer Hwy, Detroit, MI 48227

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  • Property Type Industrial - Manufacturing
  • Property Size 161,056 SF
  • Lot Size 7.79 Acre
  • Parking Spaces Avail. 16
  • Parking Ratio 0.10/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1945

Location

  • Walk Score ® Car-Dependent (41)
  • Transit Score ® Some Transit (45)
  • Bike Score ® Somewhat Bikeable (46)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Mackenzie
  • Zip Code 48227
  • Market Detroit

Points of Interest

CDM Transport LLC

2.63 miles

Grand Boulevard

5.41 miles

Grand Boulevard

5.41 miles

Walnut Grove Station

5.45 miles

Baltimore Street

5.48 miles

Baltimore Street

5.48 miles

Detroit

5.49 miles

Smith's Creek Depot Station

5.55 miles

Amsterdam Street

5.59 miles

Amsterdam Street

5.59 miles

Sunoco

0.25 miles

Citgo

0.37 miles

Valero

0.37 miles

Mobil

0.37 miles

Marathon

0.41 miles

Zoom

0.61 miles

Citgo

0.67 miles

Exxon

0.78 miles

Citgo

0.92 miles

UF

0.95 miles

MRC parking lot

2.50 miles

Student / Vistor Parking Lot B

3.00 miles

Vistor Parking Lot B

3.04 miles

Faculty / Visitor Parking Lot C

3.06 miles

Student / Vistor Parking Lot D

3.10 miles

Faculty / Staff Parking Lot A

3.11 miles

Faculty / Staff Parking Lot E

3.19 miles

Student Parking Lot I

3.24 miles

Faculty / Staff Parking Lot H

3.25 miles

Student Parking Lot H

3.28 miles

McDonald's

0.46 miles

Checkers

1.05 miles

McDonald's

1.09 miles

Lola Mae's Bistro & Bar

1.12 miles

Lavish Bar & Grill

1.21 miles

Asian Cornedbeef

1.22 miles

Omega Coney Island

1.30 miles

Church's Chicken

1.36 miles

Super Coney Island

1.54 miles

Popeyes

1.60 miles

Grand Price Supermarket

0.42 miles

Food 4 Less

0.61 miles

Americana Foods

0.84 miles

Banner Supermarket

1.08 miles

Food Giant

1.19 miles

Save-A-Lot

1.63 miles

Lance's Hometown Supermarket

1.77 miles

Save-A-Lot Grocery Store

1.88 miles

Sea-Way Supermarket

2.27 miles

Greenfield Market

2.37 miles

CVS Pharmacy

0.42 miles

Precinct 2 Police Station

0.49 miles

Engine Number 49 Fire Station

0.65 miles

Beaumont Northside Family Medicine

1.22 miles

CVS Pharmacy

1.37 miles

Grace Ross Health Center

1.56 miles

Engine Number 53 Fire Station

1.86 miles

Marie's Chiropractic Health

2.00 miles

Precinct 10 Police Station

2.05 miles

Rite Aid

2.14 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 08 Apr, 2010
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Detroit

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Detroit Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $28.65
  • 2020 Office Vacancy Rate 16.80%
  • 2020 Office Completions (SF) 63,500
View more Detroit market trends

Tax

  • Base Tax $70,726
  • Current Tax $19,917
  • Market Value* $1,636,400
  • Assessed Value $1,636,400

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 12343 Schaefer Hwy?

12343 Schaefer Hwy totals 161,056 square feet.

When was this property built?

12343 Schaefer Hwy was built in 1945.

When was 12343 Schaefer Hwy last sold?

12343 Schaefer Hwy was last sold on 08 Apr, 2010.

What is the market value for 12343 Schaefer Hwy?

The market value* for 12343 Schaefer Hwy in 2021 was $1,636,400.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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