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19612 Schoenherr St - 19612 SCHOENHERR Street 4,200 SF Specialty Building Offered at $275,000 at a 21.80% Cap Rate in Detroit, MI 48205

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EXECUTIVE SUMMARY

Prime commercial opportunity in Detroit! This 4,200 sq. ft. versatile property at 19612 Schoenherr Street is a fully functional event center with a bar and commercial kitchen. The space is ideal for hosting private parties, corporate events, or community gatherings. Additionally, one side of the building has been converted into a fully equipped barber shop with five chairs available for lease, providing an additional income stream. With ample parking and a high-traffic location, this property offers endless potential for entrepreneurs and investors. Potential Uses for New Owner: Restaurant or Catering Business – Utilize the commercial kitchen to establish a dine-in or carry-out eatery. Nightclub or Lounge – Capitalize on the existing bar and event setup for entertainment. Co-Working or Creative Space – Convert into shared office space, a photography studio, or a content creation hub. Wellness or Beauty Center – Expand on the barber shop concept by adding a nail salon, spa, or beauty services. Community Center or Church – A great location for gatherings, programs, and outreach services. Retail or Specialty Store – Transform the space into a boutique, convenience store, or specialty shop. Don’t miss this incredible investment opportunity! Contact me today for a private showing.

PROPERTY FACTS

Price $275,000
Price Per SF $65.48
Sale Type Investment or Owner User
Cap Rate 21.80%
Property Type Specialty
Building Class C
Lot Size 0.16 AC
Building Size 4,200 SF
No. Stories 1
Year Built/Renovated 1959/2025
Zoning R3

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
21-02953-840
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$87,000
  • Listing ID: 36860732

  • Date on Market: 7/22/2025

  • Last Updated:

  • Address: 19612 Schoenherr St, Detroit, MI 48205

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