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    3431 Joy Rd Detroit, MI 48206

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    For Lease
    $9 SF/Yr ($9,084 /Mo)

    Available retail space with open layout and strong visibility.

    Property size:
    12,112 SF
    Lot size:
    12,112 SF

    Property Features for 3431 Joy Rd

    General Information

    Size
    12,112 SF

    Building Details

    Year built
    1954

    Source: Jake Wiseman Agent Jake Wiseman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space on Joy Road

    Available for sublease is a 12,198 square foot retail space with 7 years remaining on the current lease term. The property, formerly a Dollar General, features an efficient second-generation retail box with an open sales floor. Renovated in 2022, the space includes updated finishes and improved building systems. The existing layout comprises a large sales area, backroom/storage, and a loading door. The property is located along Joy Rd, offering strong neighborhood visibility and consistent daily traffic. It is suitable for various retail concepts, including dollar stores, convenience stores, apparel retailers, neighborhood grocery stores, or other discount retail businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar General Convenience Store Steinmetz Flooring Company Carpet Installer

    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
    -83.1161691
    Latitude
    42.3704573

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    FAQs

    What type of property is this?
    Storefront property - Available retail space with open layout and strong visibility.
    Where is this storefront property located?
    The property is located at 3431 Joy Rd Detroit, MI.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - 12,198 SF available for sublease with 7 years remaining.; - Newly renovated in 2022 with updated finishes and improved building systems.; - Efficient second-generation retail box with open sales floor.
    (248) 687-9150
    Request Owner's contact information
    3431 Joy Rd Detroit, MI 48206
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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
    3431 Joy Rd Detroit, MI 48206
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