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Newly Built Retail Investment
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3431 Joy Rd, Detroit, MI 48206

New 2022 retail construction offered with a new 10-year lease and corporate guarantee.

Property SizeContact for details
Days on Market144

Property Features for 3431 Joy Rd

General Information

Standard status Active
Property subtype Retail

Building Details

Year Built 2022
Listing Agency: The Jonna Group at Colliers International
Listed By: Simon Jonna · License #MI 6501357188
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 11:51AM

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 The Jonna Group at Colliers International

Investment Insights

Based on property information with market context.

This newly built retail property was constructed in 2022 and is being offered with a new 10-year lease in place. The current lease structure includes a corporate guarantee and rent increases.

The property is located at 3431 Joy Rd in Detroit, Michigan (48206). It is presented as a single retail asset suited to investors or buyers seeking an income-producing retail position backed by the stated lease terms.

All disclosed details in this listing reflect the property’s recent construction date and the lease features of the offering, including the 10-year term, corporate guarantee, and scheduled rent increases.

Key Highlights

  • New 2022 retail construction
  • New 10‑year lease in place
  • Corporate guarantee included

Property Analytics

Current Use

Dollar General Grocery & Convenience Store Steinmetz Flooring Company General Contractor

Suggested Use

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

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

298
Businesses Nearby
18k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Family Dollar Shops & Services
6,096 visits/mo 0.2 miles
Citgo Shops & Services
4,544 visits/mo 0.1 miles
Valero Energy Shops & Services
3,871 visits/mo 0.4 miles
Dollar General Shops & Services
3,431 visits/mo 0.1 miles

Demographics for 48206, MI

15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
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
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Frequently Asked Questions

What type of property is this?
Retail space - New 2022 retail construction offered with a new 10-year lease and corporate guarantee.
Where is this retail space located?
The property is located at 3431 Joy Rd Detroit, MI.
What are key features of this property?
This property features: New 2022 retail construction; New 10‑year lease in place; Corporate guarantee included
(248) 226-1611 Call to check price and availability
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