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Prime Location Commercial Building
For Sale
$110,000

8441 Joy Rd, Detroit, MI 48204

Commercial building for sale in high-traffic location.

Property SizeContact for details
Lot Size0.18 Acres
Days on Market148

Property Features for 8441 Joy Rd

General Information

Standard status Active
Lot size 0.18 Acres
Property subtype Commercial

Building Details

Year Built 1940
Listing Agency: SENAN LLC
Listed By: Munassar Shariff · License #MI427828
Source: Elliman
Added: Mar 11 Changed: Jul 10 Last Checked: Aug 5 at 11:56AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SENAN LLC

Investment Insights

Based on property information with market context.

This commercial building, formerly a Beer & Wine establishment, is available for sale in a prime location directly in front of a school. The property offers potential for various business ventures. The building requires work, presenting an opportunity for investors or business owners to restore it for retail, office space, or other commercial uses. The property benefits from high visibility and heavy foot traffic due to its location near the school.

Key Highlights

  • Prime location directly in front of a school.
  • High visibility and heavy foot traffic.
  • Huge potential for retail, office space, or other commercial uses.

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Hair Salon Building Supply Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

351
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 79% Dining 21%
BP Shops & Services
3,909 visits/mo 0.5 miles
Church's Chicken Dining
1,033 visits/mo 0.1 miles

Demographics for 48204, MI

21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
Median Home Value

Market

Vacancy Rate% for Retail in Detroit, MI

7.5% 2019
9.2% 2020
8.5% 2021
7.3% 2022
7.9% 2023
7% 2024
7% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Commercial building for sale in high-traffic location.
Where is this storefront property located?
The property is located at 8441 Joy Rd Detroit, MI.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: Prime location directly in front of a school.; High visibility and heavy foot traffic.; Huge potential for retail, office space, or other commercial uses.
More about this property
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