475 South Schaefer

475 South Schaefer, Detroit, MI 48217

Off-Market

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  • Property Type Industrial
  • Property Size 48,526 SF
  • Lot Size 4.75 Acre
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1949

Location

  • Walk Score ® Car-Dependent (26)
  • Transit Score ® Some Transit (32)
  • Bike Score ® Somewhat Bikeable (42)
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Boynton
  • Zip Code 48217
  • Market Detroit

Points of Interest

Transportation

Walnut Grove Station

3.38 miles

Smith's Creek Depot Station

3.66 miles

West Riverfront

6.25 miles

Checker Cab #977

6.44 miles

Michigan

6.47 miles

Huntington Place

6.47 miles

Times Square

6.55 miles

Grand Circus Park

6.69 miles

Campus Martius

6.71 miles

Congress Street

6.72 miles

Fuel station

Rhombus Energy Solutions

1.91 miles

Marathon

2.30 miles

Firebird

2.51 miles

Sunoco

2.90 miles

BP

3.66 miles

Marathon

4.11 miles

Valero

4.33 miles

Kroger

5.15 miles

Bedrock QLDC 1

5.53 miles

Bedrock Kahn Garage

6.23 miles

Parking

Detroit Public Safety Headquarters Parking Garage

6.17 miles

DPS Lot

6.62 miles

Griswold Capitol Park

6.62 miles

Two Detroit Center Garage

6.85 miles

Gem Garage

6.95 miles

Lot 34

7.09 miles

D-2 Lot

7.26 miles

Faculty / Visitor Parking Lot C

8.77 miles

Budget

9.52 miles

Parking Lot D

9.90 miles

Restaurants

BC's Pizza

2.03 miles

Prime Eatery

2.60 miles

Little Caesars

3.34 miles

Red Robin

4.25 miles

Hungry Howie's

4.53 miles

Little Caesars

5.07 miles

Checkers

5.60 miles

McDonald's

6.03 miles

Dairy Queen

6.03 miles

Checkers

6.27 miles

Stores

South Allen Center

2.94 miles

Burlington

3.43 miles

Save More & Discount

3.56 miles

Big Lots

3.65 miles

Macy's

3.66 miles

Fairlane Town Center

3.72 miles

Royal Plaza

4.13 miles

Zain International Market

4.24 miles

Marshalls

5.02 miles

Everfresh Market

5.04 miles

Safety

Melvindale Fire Station

0.74 miles

Engine Number 48 Fire Station

0.94 miles

River Rouge Police Station

1.70 miles

Walgreens

2.55 miles

Beaumont Hospital - Dearborn

2.67 miles

Engine Number 29 Fire Station

2.78 miles

Engine Number 37 Fire Station

2.82 miles

Beaumont Internal Medicine

3.52 miles

CVS Pharmacy

3.59 miles

Henry Ford Medical Center - Ford Road

4.18 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 10 Jan, 2013
  • 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 $33,824
  • Current Tax $19,960
  • Market Value* $782,600
  • Assessed Value $782,600

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 475 South Schaefer?

475 South Schaefer totals 48,526 square feet.

When was this property built?

475 South Schaefer was built in 1949.

When was 475 South Schaefer last sold?

475 South Schaefer was last sold on 10 Jan, 2013.

What is the market value for 475 South Schaefer?

The market value* for 475 South Schaefer in 2021 was $782,600.
*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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