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High-Visibility Auto Dealership on Joy

16912 - 16926 Joy Road, Detroit, MI 48228

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For Sale

Contact for pricing

Licensed auto dealership with high traffic and repair facility.

Type:Business for Sale, Retail

Property size:

1,200 SF

Price / SF:

$145/SF

HighLights

High‑visibility location on bustling Joy Road in Detroit with amazing traffic.
Licensed auto dealership with a huge corner lot and space for over 25 vehicles.
Includes 16 license plates, current customers, and auto financing agreement.
Features a sales office and a small repair facility.
Ideal for growing businesses with unmatched exposure and potential.
Year built: 1952

We can help!

Contact an agent

Fadi Dabaja

For Sale

Contact for pricing

Licensed auto dealership with high traffic and repair facility.

Type:Business for Sale, Retail

Property size:

1,200 SF

Price / SF:

$145/SF

Added:: Oct 23, 2024
Days on Market:: 622
Last Refresh:: Mar 17 at 1:13 pm

Property Features for 16912 - 16926 Joy Road

General Information

Standard status: Active
Size: 1,200 SF
Property subtype: Business for Sale, Retail

Building Details

Year Built: 1952

We can help!

Contact an agent

Fadi Dabaja

Listing office Exp Realty, LLC

Listing date Oct 23, 2024

Source Crexi

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 Exp Realty, LLC

HighLights

High‑visibility location on bustling Joy Road in Detroit with amazing traffic.
Licensed auto dealership with a huge corner lot and space for over 25 vehicles.
Includes 16 license plates, current customers, and auto financing agreement.
Features a sales office and a small repair facility.
Ideal for growing businesses with unmatched exposure and potential.
Year built: 1952

Overview

This is a licensed auto dealership situated on Joy Road in Detroit. The property features a corner lot with space for over 25 vehicles, a sales office, and a small repair facility. The sale includes 16 license plates, current customers, and an auto financing agreement. The property is located on a high-traffic road.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$22.3k	$18.60
− Vacancy	−$1.2k	−$1.00
EGI	$21.1k	$17.60
− OpEx	−$6.3k	−$5.28
NOI	$14.8k	$12.32

1,200 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%

Alternative Uses

Best Use

Retail

$211.1K

$184.8K – $246.3K (±1% cap)

NOI $14,780 @ 7.0% cap · market cap 8.45%

Second Best

Industrial

$100.6K

$88.0K – $117.4K (±1% cap)

NOI $7,042 @ 7.0% cap · market cap 4.02%

Theoretical Best

Office A

$246.5K

$215.7K – $287.6K (±1% cap)

NOI $17,253 @ 7.0% cap · market cap 9.86%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Similar Places Nearby

Acme Lawnmower Service — 7740 Southfield Fwy, Detroit, MI 48228
LJ Auto Collision — 19101 Joy Rd, Detroit, MI 48228
TMF TOWING — 15800 Tireman Ave, Detroit, MI 48228
David & sons we fix your car not your walet!!! — 8449 Penrod St, Detroit, MI 48228
Future's Choice — 7667 Faust Ave, Detroit, MI 48228

Location Insight

Map
Local Demand

City: Detroit
County: Wayne
State: Michigan
Longitude: -83.212217
Latitude: 42.3582303

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For sale
Auto shops
MI
Detroit
48228
16912 - 16926 Joy Road

What type of property is this?

Auto shop - Licensed auto dealership with high traffic and repair facility.

Where is this auto shop located?

The property is located at 16912 - 16926 Joy Road Detroit, MI.

What is the asking price?

The asking price for this property is $175,000.

What are key features of this property?

This property features: High‑visibility location on bustling Joy Road in Detroit with amazing traffic.; Licensed auto dealership with a huge corner lot and space for over 25 vehicles.; Includes 16 license plates, current customers, and auto financing agreement.