8951 Schaefer Hwy

Off-Market

8951 Schaefer Hwy, Detroit, MI 48228

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

  • Property Type Industrial - Manufacturing
  • Property Size 172,328 SF
  • Lot Size 11.12 Acre
  • Parking Spaces Avail. 43
  • Parking Ratio 0.25 / 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class C
  • Year Built 1937

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 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.

  • 2021 Avg. Asking Rent $26.33
  • 2021 Office Vacancy Rate 10.13%
  • 2021 Office Completions (SF) 110,000
View more Detroit market trends

Location

Getting Around

  • Walk Score ®

    22/100 Car-Dependent

  • Transit Score ®

    40/100 Some Transit

  • Bike Score ®

    44/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Detroit, MI
  • Neighborhood Mackenzie
  • Zip Code 48228
  • Market Detroit

Points of Interest

  • CDM Transport LLC

    3.88 miles

  • Walnut Grove Station

    4.32 miles

  • Smith's Creek Depot Station

    4.45 miles

  • Firestone Station

    4.68 miles

  • Dearborn

    4.68 miles

  • Grand Boulevard

    5.44 miles

  • Detroit

    5.48 miles

  • Baltimore Street

    5.49 miles

  • Amsterdam Street

    5.55 miles

  • Ferry Street

    5.71 miles

  • Citgo

    0.35 miles

  • Mobil

    0.43 miles

  • UF

    0.47 miles

  • Marathon

    0.58 miles

  • Sunoco

    0.68 miles

  • Valero

    0.76 miles

  • Marathon

    0.86 miles

  • Valero

    0.90 miles

  • BP

    0.91 miles

  • Zoom

    0.94 miles

  • Paid Parking

    2.80 miles

  • 4330 Larkins St Parking

    3.28 miles

  • Arjay Miller Arboretum Parking

    3.44 miles

  • MRC parking lot

    3.77 miles

  • Student / Vistor Parking Lot B

    4.04 miles

  • Monteith Parking Structure

    4.06 miles

  • Vistor Parking Lot B

    4.09 miles

  • Faculty / Visitor Parking Lot C

    4.10 miles

  • Student / Vistor Parking Lot D

    4.12 miles

  • Faculty / Staff Parking Lot A

    4.17 miles

  • Popeyes

    0.93 miles

  • White Castle

    0.95 miles

  • Omega Coney Island

    0.98 miles

  • Church's Chicken

    1.01 miles

  • Al-Saha

    1.14 miles

  • CedarLand

    1.21 miles

  • Al Ajami

    1.26 miles

  • McDonald's

    1.27 miles

  • Checkers

    1.30 miles

  • Orange King

    1.30 miles

  • Save-A-Lot Grocery Store

    0.62 miles

  • Americana Foods

    1.08 miles

  • Lance's Hometown Supermarket

    1.12 miles

  • Royal Plaza

    1.13 miles

  • Greenland Market

    1.40 miles

  • Zain International Market

    1.42 miles

  • Grand Price Supermarket

    1.50 miles

  • Food 4 Less

    1.86 miles

  • Sea-Way Supermarket

    2.10 miles

  • Papaya Supermarket

    2.10 miles

  • CVS Pharmacy

    0.95 miles

  • Future Drugs

    1.14 miles

  • Laser Duet

    1.37 miles

  • Hamzeh Pharmacy

    1.40 miles

  • CVS Pharmacy

    1.45 miles

  • Engine Number 49 Fire Station

    1.46 miles

  • Prescription Corner Pharmacy

    1.48 miles

  • CVS Pharmacy

    1.69 miles

  • Precinct 2 Police Station

    1.75 miles

  • Kawar Surgical Center

    1.80 miles

Frequently Asked Questions

What is the total square footage of 8951 Schaefer Hwy?

8951 Schaefer Hwy totals 172,328 square feet.

When was this property built?

8951 Schaefer Hwy was built in 1937.

What is the market value for 8951 Schaefer Hwy?

The market value* for 8951 Schaefer Hwy in 2021 was $2,327,800.
*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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