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15142 Joy Rd
Detroit, MI 48228
Retail Property For Sale

Investment Highlights

  • Great location along Joy Rd.

Executive Summary

Prime Investment Opportunity on Joy Rd: This commercial real estate package offers three parcels, including a separate upper efficiency apartment, all on a 60 x 100 lot in a highly sought-after area known for its thriving auto industry. Just minutes from Dearborn, the property boasts modern updates, including new electrical, plumbing, and roofing, along with two brand-new door bays. The apartment, with its separate entrance and utilities, enhances rental appeal. Currently generating $2,500 in monthly income from a successful detail shop and rented apartment, this property offers significant potential for expansion. With security fencing in place and ample parking for up to 18 cars, the additional vacant space is perfect for storage, warehousing, or further development. Seize this opportunity to invest in a versatile property with a solid income stream and room to grow.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,300 SF
Building Class
C
Year Built/Renovated
1931/2019
Price
$247,355 CAD
Price Per SF
$39.26 CAD
Cap Rate
11.67%
NOI
$28,874 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.38
Lot Size
0.38 AC
Zoning
B4 - Commercial, Light Industrial, Office, Residential
Frontage
120’ on JOY RD

Amenities

  • Fenced Lot

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 22-0030757
  • 22-00307-882
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$126,634 CAD
  • Listing ID: 33691017

  • Date on Market: 2024-10-30

  • Last Updated:

  • Address: 15142 Joy Rd, Detroit, MI 48228

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