For Sale
16841 Schaefer Highway, Detroit, MI 48235
$585,000
MLS # 20261039860 (Realcomp)
Built 19950 acres
1 / 40
Listing Description
Prime Medical Office Opportunity! Ideally located directly across from Sinai Grace Hospital, this newly renovated medical building offers exceptional visibility, strong traffic counts, and a turnkey medical office layout.Currently occupied by a pharmacy, the property features a built-out medical suite with four exam rooms, a physician’s office, a management office, a lab, two bathrooms, and an X-ray room. A shared waiting area with an already thriving pharmacy provides added convenience and patient traffic.Additional highlights include a secure gated staff entrance, a spacious private parking lot, and a roof and HVAC system that are both in good working condition.The existing pharmacy is willing to remain and sign a long-term lease, providing immediate income potential, or may vacate with 24 months’ notice to accommodate alternative medical or professional uses.Outstanding location, excellent exposure, and tremendous potential—bring all offers! All measurements are approximate; buyer’s agent to verify.
Source: SparkMLS
About this home
Currently offered at $585,000.
Estimated annual property tax: $4,841, or about $403 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Year Built1995
Location
CityDetroit
Zip Code48235
CountyWayne
School DistrictDetroit
Construction & Systems
BasementBasement
WaterPublic
Sale & Financing
Listed5/31/2026
Source: SparkMLS
Tax Information
Annual Tax$2,505
Tax Year2025
State Equalized Value$58,900
Assessed Value$58,900
Parcel #22030646-8
Source: Public Records
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Nick Jaafar
Keller Williams Legacy
Frequently Asked Questions about 16841 Schaefer Highway, Detroit, MI 48235
What school district is 16841 Schaefer Highway, Detroit, MI 48235 in?
Per MLS# 20261039860, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
How much are property taxes for this home?
Per MLS# 20261039860, the most recent reported annual property tax for 16841 Schaefer Highway, Detroit, MI 48235 is $2,004. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 16841 Schaefer Highway, Detroit, MI 48235 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 16841 Schaefer Highway, Detroit, MI 48235 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Tax Estimate
$
Annual tax$4,841
Monthly$403
Millage rate82.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$4,198
Principal & interest$3,794
Property taxes$403
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
16841 Schaefer Highway, Detroit, MI 48235
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Neighborhood
Harmony Village
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Community
Detroit
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County
Wayne County
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