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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



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 | Building Class | C |
| Price Per SF | $65.48 | Lot Size | 0.16 AC |
| Sale Type | Investment or Owner User | Building Size | 4,200 SF |
| Cap Rate | 21.80% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1959/2025 |
| Zoning | R3 | ||
| 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 |
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PROPERTY TAXES
| Parcel Number | 21-02953-840 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $87,000 |
PROPERTY TAXES
Parcel Number
21-02953-840
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$87,000
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19612 Schoenherr St - 19612 SCHOENHERR Street
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