2300 S Schaefer Hwy
Detroit, MI 48217
Detroit Retail Center · Retail Property For Sale

Schaefer Retail Center is a ±6,640 SF, a multi-tenant, retail center located at 2300 S Schaefer Hwy in Detroit, MI. With an in-place income stream, Schaefer Retail Center presents investors with an excellent opportunity to acquire a retail property that is both generating income and offers upside opportunities through leasing and renewal strategies. Situated on ±0.6 acres and constructed in 2004, the property features a single-story building totaling ±6,640 SF with 32 parking spaces. The building has a new brick modern façade and the Landlord recently completed several capital expenditures including a new EPDM roof, HVAC and parking lot improvements. The property has 4 units and is occupied by ±27% occupied by Boost Mobile with ±4,500 SF available for immediate occupancy. The units range in size from ±1,280 SF to ±2,040 SF and offers in place income with significant value enhancement through vacancy absorption and lease up of the 3 available unit at long term market rates. Located in the heavily industrialized southwestern area of Detroit, the Property is located in the Downriver North submarket. The Property offers excellent accessibility and is located ±0.1 miles east of I-75 which provides access to the broader area. Schaefer Retail Center is situated along a well-traveled retail corridor and is surrounded by residential and major distribution/manufacturing facilities. The Property features façade signage for tenants and offers excellent visibility and exposure with two curb cuts. The Property is located near local economic generators including Kemeny Park, River Rouge School District, Mark Twain School for Scholars, Detroit River and its industrial corridor/business, Ford Motors, and Vibra Hospital of Southeastern Michigan. The Property is located in a dense market and benefits from favorable demographics. As of 2019, Schaefer Retail Center has approximately ±238,074 individuals residing within a five-mile radius of the property and an average household income of ±$56,304. The total specified consumer spending within a 5-mile radius of the Property accounts for ±$1,841,240,000 and there are ±7,187 businesses and ±88,042 employees (2019). Schaefer Retail Center offers investors the opportunity to purchase a cash flowing retail asset with upside potential in the southwestern area of Detroit.