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    16140 Joy Rd Detroit, MI 48228

    For Sale
    $169,900

    Real Estate Only - Detroit, MI

    Property size:
    2,046 SF
    Lot size:
    0.09 Acres
    Days on Market:
    261
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 16140 Joy Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    W22I003032C3
    Size
    2,046 SF
    Lot size
    0.09 Acres

    Building Details

    Year built
    1952
    Floors in Building
    1
    Building materials
    Block
    Architectural style
    Other

    Own It Realty (313) 395-0000 [email protected]

    Listing agent Hassan Scheib (313) 395-0000

    Listing date Mar 20, 2025

    MLS# 20230097332 Listing URL

    Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Detroit Retail Property For Sale

    This commercial property, located in Detroit, Michigan, offers an opportunity for investors. The property, previously operated as a party, beer, and wine store, includes a beer and wine license in the sale. The building has a size of 2,046 square feet and is situated on a lot of approximately 0.09 acres. Zoned for commercial use, the property presents possibilities for various ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mickey's Party Store Grocery Store Kasey's Beer & Wine Liquor Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2040839
    Latitude
    42.3583078

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    FAQs

    What type of property is this?
    Storefront property - Retail property with license included, suitable for various ventures.
    Where is this storefront property located?
    The property is located at 16140 Joy Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: - Beer & Wine license included in the sale.; - Excellent investment opportunity.; - Many possible uses for the property.
    (313) 395-0000
    Request Owner's contact information
    16140 Joy Rd Detroit, MI 48228
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16140 Joy Rd Detroit, MI 48228
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