For Sale
465 S Schaefer Highway, Detroit, MI 48217
$699,999
MLS # 20261053285 (Realcomp)
Built 19690.34 acres
1 / 11
Listing Description
Rare opportunity to acquire a freestanding 7,500 SF commercial building situated on a highly visible corner parcel along Schaefer Road in Detroit. The property is currently in shell condition, allowing an owner-user or investor to customize the interior for a variety of commercial or industrial uses. Zoned M4, the site offers flexibility for manufacturing, warehousing, automotive, contractor operations, showroom, distribution, or retail uses (subject to municipal approval). The property features approximately 25 parking spaces, excellent street frontage on both Schaefer Road and Oakwood, convenient access to I-75, I-94, and I-96, and strong exposure in a growing commercial corridor. Ideal for businesses seeking a customizable facility or investors looking for value-add potential.
Source: SparkMLS
About this home
Asking $699,999.
Estimated annual property tax: $10,602, or about $884 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
Lot Size0.34 acres
Year Built1969
Location
CityDetroit
Zip Code48217
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
WaterPublic
Sale & Financing
Listed7/10/2026
Source: SparkMLS
Tax Information
Annual Tax$9,999
Tax Year2025
State Equalized Value$129,000
Assessed Value$129,000
Parcel #20017996.002
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 Simon Saleh
SENAN LLC
Frequently Asked Questions about 465 S Schaefer Highway, Detroit, MI 48217
Which school district serves 465 S Schaefer Highway, Detroit, MI 48217?
Per MLS# 20261053285, 465 S Schaefer Highway, Detroit, MI 48217 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
What are the property taxes at 465 S Schaefer Highway, Detroit, MI 48217?
Per public tax records, annual property taxes for this property are $8,657. 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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 465 S Schaefer Highway, Detroit, MI 48217 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 465 S Schaefer Highway, Detroit, MI 48217 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. 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.
What utilities serve 465 S Schaefer Highway, Detroit, MI 48217?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Tax Estimate
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Annual tax$10,602
Monthly$884
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$5,424
Principal & interest$4,540
Property taxes$884
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
465 S Schaefer Highway, Detroit, MI 48217
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Neighborhood
Boynton
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Community
Detroit
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County
Wayne County
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