Remodeled Convenience
New
For Sale
$1,500,000
16800 Joy Road, Detroit, MI 48228
The liquor store has undergone a recent renovation, including replacement of the roof.
Property SizeContact for details
Days on Market4
Property Features for 16800 Joy Road
General Information
Standard status
Active
Additional Details
Business Included
Yes
Listing Agency:
New Michigan Realty, LLC
(844) 639-6424
Listed By:
Joseph Tinpan · License #6501306210
(586) 634-0365
Source:
Alexmi
Added: Sep 24
Last Checked: Sep 26 at 5:59AM
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 New Michigan Realty, LLC
Investment Insights
Based on property information with market context.
This convenience-store property operates as a liquor store and has been remodeled. The roof and other items at the store are reported to be less than one year old. Business details include no EBT or check-cashing services and limited operating hours.
Hundreds of newer apartments are located across the street, and the property is near a freeway.
Hundreds of newer apartments are located across the street, and the property is near a freeway.
Key Highlights
- Remodeled liquor store with the roof and other items less than one year old
- Hundreds of newer apartments across the street
- Near a freeway
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
29k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 23%
BP
Shops & Services
11,589 visits/mo
0.4 miles
KFC
Dining
6,653 visits/mo
0.5 miles
Dollar General
Shops & Services
6,496 visits/mo
0.5 miles
Sunoco
Shops & Services
4,291 visits/mo
0.5 miles
Demographics for 48228, MI
53,893
Population
22,620
Households
2.4
Avg Household Size
31
Median Age
11%
College-Educated
78%
High-School Grad
8.9 sq mi
ZIP Area
6,055
Density / Sq Mi
$31,485
Median Household Income
$27,533
Median Earnings
$1,086
Median Rent
$55,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Detroit, MI
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Similar Off Market Nearby
- Seaway Market Place — 18330 W Chicago, Detroit, MI 48228
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The liquor store has undergone a recent renovation, including replacement of the roof.
Where is this grocery and convenience store located?
The property is located at 16800 Joy Road Detroit, MI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Remodeled liquor store with the roof and other items less than one year old; Hundreds of newer apartments across the street; Near a freeway
