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8951 Schaefer Hwy

Off-Market

8951 Schaefer Hwy, Detroit, MI 48228

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  • Property Type Industrial - Manufacturing
  • Property Size 172,328 Sqft
  • 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

Location

  • City Detroit, MI
  • Neighborhood Mackenzie
  • Zip Code 48228
  • Market Detroit

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Arm's Length
  • 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 (Sqft) 63,500
View more Detroit market trends

Tax

  • Property Tax in 2018 $53,582
  • Market Value $1,405,800
  • Assessed Value $1,405,800

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

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 property tax for 8951 Schaefer Hwy?

The property tax for 8951 Schaefer Hwy in 2018 was $53,582.

What is the market value for 8951 Schaefer Hwy?

The market value for 8951 Schaefer Hwy in 2018 was $1,405,800.

Looking for more in-depth information on this property?

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