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Coney Island 14501 Joy Rd 2,600 SF Vacant Retail Building Detroit, MI 48228 $466,713 CAD ($179.51 CAD/SF)
Executive Summary
(INVESTEMNT OPPORTUNITY)to own a Family Coney Island located on the city of Detroit, Currently open and operating 6 days a week. Monday-Saturday.
Monday to Friday 8am-6pm,Saturday 8am-3pm.Sunday Closed. This well known local spot generated strong income and has served the community for many years from same owner. The reason for the sale is the owners health issue. Prior owner health issues the restaurant was open 24 hours. The property being sold (AS IS)with no guarantees or representations regarding the business operations or future income. The true Value is in the building Itself and making it great opportunity for investors, restaurateurs ,with renovations and updated management this property has possibility for potential to revive and grow a successful business or any type of business there. Property also include drive thru and approximately 38 seats.
Monday to Friday 8am-6pm,Saturday 8am-3pm.Sunday Closed. This well known local spot generated strong income and has served the community for many years from same owner. The reason for the sale is the owners health issue. Prior owner health issues the restaurant was open 24 hours. The property being sold (AS IS)with no guarantees or representations regarding the business operations or future income. The true Value is in the building Itself and making it great opportunity for investors, restaurateurs ,with renovations and updated management this property has possibility for potential to revive and grow a successful business or any type of business there. Property also include drive thru and approximately 38 seats.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Building Size
2,600 SF
Year Built
2002
Price
$466,713 CAD
Price Per SF
$179.51 CAD
Percent Leased
Vacant
Building Height
1 Story
Zoning
commercial
Frontage
100’ on 140
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-00217-985 | Total Assessment | $154,473 CAD |
| Land Assessment | $0 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
22-00217-985
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$154,473 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Coney Island | 14501 Joy Rd
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