The Shops at Schaefer Park 2300 S Schaefer Hwy
6,600 SF 100% Leased Retail Building Detroit, MI 48217 $575,000 ($87.12/SF) 13.04% Cap Rate
EXECUTIVE SUMMARY
Retail strip center for sale. Fully occupied at 12.5% cap rate.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,600 SF
Building Class
C
Year Built
2002
Price
$575,000
Price Per SF
$87.12
Cap Rate
13.04%
NOI
$75,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.60 AC
Zoning
B4
Parking
32 Spaces (4.85 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Security System
- Signage
PROPERTY TAXES
| Parcel Number | 20-018097-104 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $256,700 |
