Second-Generation Retail
For Lease
Contact for pricing
3431 Joy Rd, Detroit, MI 48206
Newly renovated second-generation retail box offers a large sales floor, backroom/storage, and loading door for sublease.
Property Size12,112 SF
Days on Market112
Property Features for 3431 Joy Rd
General Information
Standard status
Active
Size
12,112 SF
Property subtype
RETAIL
Lease Type
SF/yr
Additional Details
Lease Term
84 months
Building Details
Year Renovated
2022
Listing Agency:
NAI Farbman - Corporate
(248) 687-9150
Listed By:
Jake Wiseman · License #6502102638
(248) 687-9150
Source:
Moodyscre
Added: Apr 10
Changed: Jul 26
Last Checked: Jul 29 at 1:16PM
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 NAI Farbman - Corporate
Investment Insights
Based on property information with market context.
This second-generation retail property provides approximately 12,198 square feet of available space for sublease. The existing layout features a large open sales area along with a backroom/storage component and a loading door. The property was newly renovated in 2022 with updated finishes and improved building systems, supporting efficient day-to-day operations.
The former Dollar General location is situated along Joy Rd with strong neighborhood visibility and consistent daily traffic.
With 7 years remaining on the current lease term, this space is well suited for discount retail concepts, including dollar store, convenience, apparel, or neighborhood grocery uses, based on the current configuration.
The former Dollar General location is situated along Joy Rd with strong neighborhood visibility and consistent daily traffic.
With 7 years remaining on the current lease term, this space is well suited for discount retail concepts, including dollar store, convenience, apparel, or neighborhood grocery uses, based on the current configuration.
Key Highlights
- 12,198 SF available for sublease
- 7 years remaining on the current lease term
- Former Dollar General second‑generation retail box with large open sales floor
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.35 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Lease Benchmarks for Detroit, MI
$15.25 /SF/Yr
Avg Asking Price
$3–$32.73 /SF/Yr
Price Range
14,943 SF
Avg Space Size
This space is priced 41% below the average of $15.25 /SF/Yr.
Vacancy Rate% for Retail in Detroit, MI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Newly renovated second-generation retail box offers a large sales floor, backroom/storage, and loading door for sublease.
Where is this storefront property located?
The property is located at 3431 Joy Rd Detroit, MI.
What is the lease rate?
The lease rate is $9 SF/Yr.
What are key features of this property?
This property features: 12,198 SF available for sublease; 7 years remaining on the current lease term; Former Dollar General second‑generation retail box with large open sales floor
