Turnkey Liquor Store and Hot
16810 Joy Road Detroit, MI 48228
New
16810 Joy Road, Detroit, MI, 48228
$1,700,000
For Sale
$1,700,000
Newly reconstructed liquor store with a modern hot food operation, including a state-of-the-art kitchen and brand-new refrigeration.
Property Size5,000 SF
Price / SF$340
Days on Market3
Property Features for 16810 Joy Road
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2025
Listing agency
Community Choice Realty Inc
(248) 525-2065
Listed by
Bashar Jani
(248) 525-2065
Source
Elliman
Added: Jul 21 Updated: Jul 22 at 2:11PM Checked: Jul 22 at 2:11PM
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 Community Choice Realty Inc
Investment Insights
Based on property information with market context.
Turnkey liquor store and hot food concept rebuilt from the ground up and reopened in October 2025. The 5,000-square-foot operation features all brand-new equipment and infrastructure, with a modern commercial kitchen and 3-phase power. Refrigeration includes 19 brand-new cooler doors, a two-door freezer for ice cream, and an open cooler for prepared foods and dairy.
The property is currently operating with store hours of Mon–Thurs and Sunday 8AM–11PM, and Friday & Saturday 8AM–12AM. Reported performance includes approximately $35,000 per week in liquor store sales, with an additional kitchen revenue stream generating about $1,800 per week from pizza and wings.
Additional on-site revenue is supported by a lottery machine averaging about $50,000 per month and an ATM providing consistent passive income, alongside prepared-food and dairy refrigeration designed for day-to-day service.
The property is currently operating with store hours of Mon–Thurs and Sunday 8AM–11PM, and Friday & Saturday 8AM–12AM. Reported performance includes approximately $35,000 per week in liquor store sales, with an additional kitchen revenue stream generating about $1,800 per week from pizza and wings.
Additional on-site revenue is supported by a lottery machine averaging about $50,000 per month and an ATM providing consistent passive income, alongside prepared-food and dairy refrigeration designed for day-to-day service.
Key Highlights
- Brand‑new construction (YearBuilt 2025) liquor store with modern hot food operation, reconstructed and reopened in October 2025
- 5,000 SF store includes state‑of‑the‑art kitchen plus 19 brand‑new cooler doors and a 2‑door freezer for ice cream
- Already producing about $35,000/week in sales; kitchen averages about $1,800/week from pizza and wings
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.0k | $19.20 |
| − Vacancy | −$4.8k | −$0.96 |
| EGI | $91.2k | $18.24 |
| − OpEx | −$22.8k | −$4.56 |
| NOI | $68.4k | $13.68 |
5,000 SF · lease $19.20/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$977.1K
$855.0K – $1.14M
NOI $68,400 @ 7.0% cap · market cap 4.02%
Second Best
Retail
$879.8K
$769.8K – $1.03M
NOI $61,585 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$1.03M
$898.6K – $1.20M
NOI $71,889 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
ATM
Atm
Mitche Storage Units ...
Storage Facility
Bitstop Bitcoin ATM
Atm
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FAQs
What type of property is this?
Storefront property - Newly reconstructed liquor store with a modern hot food operation, including a state-of-the-art kitchen and brand-new refrigeration.
Where is this storefront property located?
The property is located at 16810 Joy Road Detroit, MI.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Brand‑new construction (YearBuilt 2025) liquor store with modern hot food operation, reconstructed and reopened in October 2025; 5,000 SF store includes state‑of‑the‑art kitchen plus 19 brand‑new cooler doors and a 2‑door freezer for ice cream; Already producing about $35,000/week in sales; kitchen averages about $1,800/week from pizza and wings
