475 South Schaefer

Off-Market

475 South Schaefer, Detroit, MI 48217

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

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

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.

  • 2022 Avg. Asking Rent $27.10
  • 2022 Office Vacancy Rate 25.71%
  • 2022 Office Completions (SF) 232,000
View more Detroit market trends

Location

Getting Around

  • Walk Score ®

    26/100 Car-Dependent
  • Transit Score ®

    32/100 Some Transit
  • Bike Score ®

    42/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Boynton
  • Zip Code 48217
  • Market Detroit

Points of Interest

  • Walnut Grove Station

    3.38 miles

  • Smith's Creek Depot Station

    3.66 miles

  • Firestone Station

    3.72 miles

  • Dearborn

    3.97 miles

  • West Riverfront

    6.25 miles

  • Checker Cab #977

    6.44 miles

  • Fort/Cass

    6.46 miles

  • Michigan

    6.47 miles

  • Huntington Place

    6.47 miles

  • Times Square

    6.55 miles

  • Marathon

    0.14 miles

  • Mobil

    0.17 miles

  • BP

    0.24 miles

  • Sunoco

    0.34 miles

  • Exxon

    0.81 miles

  • Citgo

    0.96 miles

  • Shell

    1.05 miles

  • Citgo

    1.11 miles

  • BP

    1.19 miles

  • Sunoco

    1.29 miles

  • Parking Structure

    1.87 miles

  • St. Gabriel Parish Parking Lot

    2.40 miles

  • Arjay Miller Arboretum Parking

    3.29 miles

  • 4330 Larkins St Parking

    3.48 miles

  • Deck 300

    3.79 miles

  • RIC

    3.82 miles

  • Deck 400

    4.15 miles

  • Paid Parking

    4.20 miles

  • Monteith Parking Structure

    4.46 miles

  • Truck Parking

    4.95 miles

  • La Salsa

    0.04 miles

  • Subway

    0.23 miles

  • Savvy Sliders

    0.30 miles

  • Happy's Pizza

    0.30 miles

  • Oakwood Cafe

    0.69 miles

  • Giovanni's

    0.89 miles

  • Original Gonella's

    0.94 miles

  • The Fish Station

    1.11 miles

  • Detroit Coney Island

    1.16 miles

  • Burger King

    1.33 miles

  • Dollar General Market

    1.03 miles

  • Dearborn Village Supermarket

    1.83 miles

  • Vernor Food Center

    2.16 miles

  • Meijer

    2.19 miles

  • Target

    2.28 miles

  • TJ Maxx

    2.39 miles

  • Kroger

    2.51 miles

  • Save-A-Lot

    2.52 miles

  • ALDI

    2.55 miles

  • Azteca Supermercado

    2.69 miles

  • Melvindale Police Station

    0.68 miles

  • Melvindale Fire Station

    0.74 miles

  • Engine Number 48 Fire Station

    0.94 miles

  • CVS Pharmacy

    1.28 miles

  • River Rouge Police Station

    1.70 miles

  • River Rouge Fire Station

    1.71 miles

  • Premier Medicine Urgent Care

    1.86 miles

  • Healing Feet

    1.92 miles

  • Acadian Urgent Care

    1.96 miles

  • Engine Number 33 Fire Station

    2.09 miles

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 2022 was $789,800.
*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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