Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    16940-16912 Joy Rd Detroit, MI 48228

    Sponsored
    For Lease
    Contact for pricing

    10,000 SF Free-Standing Retail Building

    Lot size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,000 square foot free-standing retail building presents a unique investment opportunity in Wayne County. Currently 100% vacant, the property offers significant potential for a single large tenant or multiple smaller businesses. Its prime location boasts high visibility and accessibility, further enhanced by its proximity to a substantial residential development. Over 300 newly constructed multi-family apartment units are situated directly across the street, providing a built-in customer base and strong potential for sustained demand. The building's substantial size allows for flexible layout configurations to accommodate a variety of retail uses. The property is classified as a multi-tenant retail space, offering the flexibility to divide the space to suit individual tenant needs. This presents a rare chance to establish a thriving retail presence in a rapidly growing area. The free-standing nature of the building ensures high visibility and independent branding opportunities. Given the current vacancy, this property offers a blank canvas for a visionary entrepreneur or investor to create a successful retail venture. The strategic location, combined with the substantial size and proximity to a large residential community, makes this an exceptional opportunity for long-term growth and profitability. Serious inquiries are encouraged to explore this promising investment prospect.

    Property Features for 16940-16912 Joy Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,000 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    10,000 SF

    HighLights

    • 10,000 SF free‑standing retail building in Wayne County.
    • Fully vacant, offering 10,000 SF of available space.
    • Multiple tenancy potential.
    • Situated across from over 300 new multi‑family units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2125348
    Latitude
    42.3581539

    Nearby Similar for Lease

    • $6,000 /Mo
      3,919 SF

      Former Bank Building on Five Mile

      Prime commercial space in Redford, suitable for various businesses.
      26095 5 Mile Rd, Redford, MI 48239
      View Details
    • $2,000 /Mo
      2,200 SF

      Detroit Retail Space For Rent

      Retail space in high-demand area with national chains nearby.
      15390 Gratiot Ave, Detroit, MI 48205
      View Details
    • $2,500 /Mo
      2,778 SF

      Redford Industrial Building For Rent

      Spacious 2,778 sq ft industrial building on busy intersection.
      25885 8 Mile Rd, Redford, MI 48240
      View Details
    • New
      $5,000 /Mo
      7,020 SF

      Industrial Building on 8 Mile

      Light industrial building for lease with renovated office space.
      1521 E Eight Mile Rd, Detroit, MI 48220
      View Details
    • $6,000 /Mo
      13,735 SF

      Detroit Industrial/Commercial Space Available

      Versatile industrial/commercial space for rent in Detroit, Michigan.
      9900 Northlawn St, Detroit, MI 48204
      View Details
    • $1,800 /Mo
      6,288 SF

      Detroit Retail Space For Lease

      Retail spaces available in Detroit with excellent frontage and exposure.
      8866 Greenfield Rd, Detroit, MI 48228
      View Details
    • $1,000 /Mo
      1,400 SF

      Turnkey Salon Opportunity in Detroit

      Salon space with stations, seating, and equipment for rent.
      19430 Van Dyke St, Detroit, MI 48234
      View Details
    • $2,500 /Mo
      6,000 SF

      Detroit Warehouse and Office Space

      Two warehouse units available for lease in Detroit.
      8843 Mark Twain St, Detroit, MI 48228
      View Details
    • $3,000 /Mo
      2,034 SF

      Corktown Commercial Property For Rent

      Prime commercial property in Corktown, perfect for restaurant or store.
      3406 Tillman St, Detroit, MI 48208
      View Details
    • $2,000 /Mo
      1,000 SF

      Detroit Commercial Space for Lease

      Commercial space in vibrant Mexican Town, ideal for various businesses.
      1818 Springwells St, Detroit, MI 48209
      View Details
    • $1,200 /Mo
      1,400 SF

      Turnkey Office Space Available

      Office space with lobby, fireplace, offices, kitchenette, and storage.
      18244 W Mcnichols Rd, Detroit, MI 48219
      View Details
    • $89,900
      1,394 SF

      Retail Opportunity on W. Warren

      Established cell phone retail and repair shop for immediate operation.
      16541 W Warren Ave, Detroit, MI 48228
      View Details

    FAQs

    What type of property is this?
    Individual retail property - 10,000 SF Free-Standing Retail Building
    Where is this individual retail property located?
    The property is located at 16940-16912 Joy Rd Detroit, MI.
    What are key features of this property?
    This property features: 10,000 SF free-standing retail building in Wayne County.; Fully vacant, offering 10,000 SF of available space.; Multiple tenancy potential.
    Request Owner's contact information
    16940-16912 Joy Rd Detroit, MI 48228
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16940-16912 Joy Rd
    Detroit, MI 48228
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16940-16912 Joy Rd Detroit, MI 48228
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.