Stefano Terracciano - Arterra Realty Logo
$585,000
( $179.72Per Sq Foot )
 $3,140 est/mo Sourced by Back At You

16841 Schaefer Highway,Detroit, MI 48235

Detroit, MI 48235

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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.

Details

MLS #60997997
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Days On Site133
Listing Provided ByKeller Williams Legacy | Nick Jaafar

Features

SQ Feet3,255
BasementY
ZoningCommercial
Acreage0.10

Exterior

Foundation DetailsBasement

Other

List AorReal Comp

Taxes

Property2004

Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48235
AreaDetroit (82001)
Listing VS Median (in 48235)
Price:
$585,000
low | high
Med:
$120,000
100% of Average
sqft:
3,255
low | high
Med:
1,364
100% of Average
$ / sqft:
$180
low | high
Med:
$88
100% of Average
On site:
133
low | high
Med:
41.5
100% of Average
Sourced by Back At You

Market Activity 48235

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Learn More About This Property

Stefano Terracciano

Stefano Terracciano

Arterra

401581 (248) 925-7129stefano.terracciano@arterrarealty.com
StateMI
CountyWayne
CityDetroit
Zip Code48235
AreaDetroit (82001)
Listing VS Median (in 48235)
Price:
$585,000
low | high
Med:
$120,000
100% of Average
sqft:
3,255
low | high
Med:
1,364
100% of Average
$ / sqft:
$180
low | high
Med:
$88
100% of Average
On site:
133
low | high
Med:
41.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $438K - $731K
sqft: 2,000 - 4,000
Nearby Listings Property ImageNearby Listings Details
16841 Schaefer Highway Property Photo 1
$585,000
16841 Schaefer Highway
Detroit, MI 48235
Listing Updated: September 29, 2026 at 6:22:45 AM PDT