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    Prime Commercial Land Opportunity, Detroit
    Updated: Mar 13
    Prime Commercial Land Opportunity, Detroit

    7647 Joy Road, Detroit, MI 48204

    $200,000
    1,000 sqft · 0.05 AC lot
    Prime commercial property at the highly visible corner of Joy Rd and Livernois.
    B4 zoning allows for a wide range of commercial and service‑based uses.
    Land contract available.
    Nearly one acre of land comprised of 8 combined parcels.
    Existing building with retail office space and a small suite.
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    This listing looks promising.

    Here's a quick look at some key insights for

    7647 Joy Road, Detroit, MI 48204

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    • Est. Cap Rate

      6.2%
      Above avg (5.9%)

    • Est. NOI

      $12K
      Annual

    • Price @ 7% Cap

      $176K
      Suggested

    • Property Type

      Auto Repair, Garage
      Built 1940
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    Cleared Development Land
    Updated: Jun 26
    Cleared Development Land

    1601 Leverette Street, Detroit, MI 48216

    $374,900
    0.23 AC lot
    0.23‑acre cleared vacant land in Detroit’s Corktown neighborhood, ready for development
    Zoned R3 with designation in Zone 1 of a local historic district
    Flexible development options for a single‑family home, multi‑unit residential, or potential mixed‑use project
    Within walking distance of Michigan Central Station
    Surrounded by nearby businesses including The Godfrey Hotel, Ottava Via, The Yard, Cork & Gabel, and Chase/Citizens banks
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    Commercial Land Parcel with Flex Use
    Commercial Land Parcel with Flex Use

    6300 Puritan Street, Detroit, MI 48238

    $2,500,000
    0.33 AC lot

    Mixed commercial and residential zoning supports multiple development concepts, subject to municipal approval and due diligence.

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    Turnkey Investment Portfolio Opportunity
    Turnkey Investment Portfolio Opportunity

    12735 Lawton Street, Detroit, MI 48238

    $965,000
    1,108 sqft · 0.02 AC lot

    Nine renovated single-family homes and a vacant lot in Detroit.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Turnkey Investment Portfolio in Detroit
    Turnkey Investment Portfolio in Detroit

    12741 Lawton Street, Detroit, MI 48238

    $965,000
    1,108 sqft · 0.02 AC lot

    Nine renovated single-family homes with a vacant lot for parking.

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    Assembled Detroit Development Land
    Assembled Detroit Development Land

    11400 E Jefferson Avenue, Detroit, MI 48214

    $4,000,000
    0.58 AC lot

    Six-parcel portfolio totaling 4.54 acres with commercial and light industrial zoning options for flexible redevelopment.

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    Turnkey Investment Portfolio in Detroit
    Turnkey Investment Portfolio in Detroit

    2911 GLENDALE Street, Detroit, MI 48238

    $965,000
    1,076 sqft · 0.03 AC lot

    Nine renovated single-family homes with a vacant lot for parking.

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    Redford Commercial Gem on Corner
    Redford Commercial Gem on Corner

    26346 W 7 Mile Road, Redford, MI 48240

    $225,000
    1,750 sqft · 0.24 AC lot

    1,750 SF building on 0.24 acres at W 7 Mile.

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    Turnkey Investment Portfolio in Detroit
    Turnkey Investment Portfolio in Detroit

    2907 GLENDALE Street, Detroit, MI 48238

    $965,000
    1,076 sqft · 0.03 AC lot

    Nine renovated single-family homes with a vacant lot.

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    Seven-Lot Planned Development Parcel
    Seven-Lot Planned Development Parcel

    2500 Alter Road, Detroit, MI 48215

    $350,000
    1,420 sqft · 0.83 AC lot

    A seven-lot development site with six contiguous parcels and utilities, including a brick structure with plumbing and electrical.

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    Detroit Collision Shop with Land
    Detroit Collision Shop with Land

    14904 E 7 Mile Road, Detroit, MI 48205

    $219,900
    2,214 sqft · 0.11 AC lot

    Collision shop with additional land in Detroit, Michigan.

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    Detroit Land For Sale
    Detroit Land For Sale

    1456 Ferry Park Street, Detroit, MI 48208

    $1,000,000
    0.08 AC lot

    Land available in Detroit near Henry Ford expansion.

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    Kercheval Avenue Vacant Land Parcels
    Kercheval Avenue Vacant Land Parcels

    14345 Kercheval Street, Detroit, MI 48215

    $149,999
    0.55 AC lot

    Prime commercial land opportunity in Detroit's revitalization corridor.

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    Residential Development Land
    Residential Development Land

    Franklin, MI 48025

    $799,999
    2.26 AC lot

    Corner residential site in Beverly Hills with an existing ranch home and room to build or renovate on 2+ acres.

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    Detroit Commercial Property on Corner
    Detroit Commercial Property on Corner

    15400-15450 SCHAEFER Road, Detroit, MI 48227

    $395,000
    2,440 sqft · 0.67 AC lot

    Versatile commercial property on 0.67 acres in Detroit.

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    Detroit Land Development Opportunity
    Detroit Land Development Opportunity

    1444-448 Fischer Street, Detroit, MI 48214

    $100,000
    0.14 AC lot

    Double lot near Indian Village, ideal for custom residence.

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    Commercial Development Land with B4 Zoning
    Commercial Development Land with B4 Zoning

    22110 W Warren Avenue, Redford, MI 48239

    $137,800
    0.05 AC lot

    Five lots with separate addresses and parcel IDs for B4-zoned business development in Redford.

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    Commercial Property on Van Dyke Avenue
    Commercial Property on Van Dyke Avenue

    20205 VAN DYKE Street, Detroit, MI 48234

    $250,000
    4,988 sqft · 0.21 AC lot

    Commercial property in Detroit with two addresses and high traffic.

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    Spacious Fenced Lot in Detroit
    Spacious Fenced Lot in Detroit

    9400 Roselawn Street, Detroit, MI 48204

    $325,000
    960 sqft · 0.51 AC lot

    0.51 acre lot suitable for storage or future development.

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    Detroit Land for Infill Development
    Detroit Land for Infill Development

    2661 HENDRICKS Street, Detroit, MI 48207

    Contact for pricing
    9,450 sqft · 0.15 AC lot

    Land available for small to medium scale infill development.

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    Detroit Commercial Land Opportunity
    Detroit Commercial Land Opportunity

    10539 W Chicago, Detroit, MI 48204

    $89,000
    2,640 sqft · 0.09 AC lot

    Commercial property in Detroit, ideal for investment and development.

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    Multi-Family Investment Opportunity in Detroit
    Multi-Family Investment Opportunity in Detroit

    13505 Greiner Street, Detroit, MI 48205

    $50,000
    3,060 sqft · 0.15 AC lot

    Two multi-family homes and two vacant land parcels for sale.

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    Midtown Detroit Redevelopment Opportunity
    Midtown Detroit Redevelopment Opportunity

    666 PETERBORO St, Detroit, MI 48201

    $699,900
    0.44 AC lot

    Expansive 0.44-acre parcel with immediate usability and redevelopment potential.

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    Detroit Land Bundle For Sale
    Detroit Land Bundle For Sale

    2739 BUCHANAN Street, Detroit, MI 48208

    $150,000
    0.06 AC lot

    Nine residential lots totaling 54,835 sqft in Detroit, Michigan.

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    Sherwood, MI Land Market Trends and Statistics

    Explore 849 land for sale in Sherwood, MI, showcased through 849 active listings on our real estate platform. These investment opportunities span a total of 356,057 square feet of properties for sale, with an estimated market value of $25,017,700.

    Sale prices for lots in Sherwood, MI start at $40,000, averaging $481,109, and reaching up to $5,050,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hunting land 3
    Residential land & home lots 2
    Recreation land 1

    Demographics Overview

    Population 2,044
    Population Growth (5Y) +15.5%
    Median Household Income $61,900
    College Educated 11.5%

    High-Yield Neighborhoods for Investment

    Identify Sherwood submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49089 $131.7K

    Listings Trend

    New vs delisted commercial listings in Wayne County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in Sherwood, MI

    • 48208
    • 48207
    • 48202
    • 48214
    • 48216
    • 48211
    • 48206
    • 48204
    • 48210
    • 48215
    • 48238
    • 48212

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