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    18700 Joy Rd Detroit, MI 48228

    For Sale
    $800,000

    20,000 sq ft Church, $47k annual income

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 20,000 square foot, three-story church building in Detroit, Michigan, presents a unique investment opportunity. Built in 1948 and situated on a 0.9-acre lot at 18700 Joy Rd, 48228, this well-maintained property boasts a substantial sanctuary seating 250 (190 main floor, 60 balcony), a spacious 70ft x 49ft fellowship hall with a stage and separate restrooms, and a fully equipped commercial kitchen. Twelve classrooms, multiple offices (including a 17ft x 17ft pastor's office and a church conference room), a narthex, and excellent handicap accessibility (including an elevator and lift) are key features. A long-term tenant, Renaissance Head Start, occupies a portion of the building, generating approximately $47,000 in annual revenue. The property includes two parking lots providing ample parking (37 spaces total, including 4 handicap spaces). The building features a boiler for radiant heat (west wing) and three forced air furnaces (east wing), with air conditioning in the east wing and fellowship hall. This property offers significant potential for various uses, given its size, amenities, and established income stream. The asking price is $800,000, representing a price per square foot of $40. This is a rare opportunity to acquire a substantial and income-producing property in a desirable Detroit location.

    Property Features for 18700 Joy Rd

    General Information

    Property type
    Churches & religious facilities
    Square Feet
    20,000 SF
    Lot Size
    39,204 SF

    Building Details

    Year Built
    1948
    Stories
    3

    HighLights

    • $800,000 asking price for a 20,000 square foot special purpose property.
    • Three‑story, 1948‑built church on a 0.9‑acre lot in Detroit, MI.
    • Features a 250‑seat sanctuary, fellowship hall, commercial kitchen, narthex, 12 classrooms, and excellent handicap accessibility.
    • Currently has Renaissance Head Start as a tenant, generating approximately $47,000 in annual revenue.
    • For sale by owner.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Second Grace United ... Methodist Church Renaissance Head Start Preschool

    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
    -83.2243859
    Latitude
    42.3580593

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    FAQs

    What type of property is this?
    Church & religious facility - 20,000 sq ft Church, $47k annual income
    Where is this church & religious facility located?
    The property is located at 18700 Joy Rd Detroit, MI.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: $800,000 asking price for a 20,000 square foot special purpose property.; Three-story, 1948-built church on a 0.9-acre lot in Detroit, MI.; Features a 250-seat sanctuary, fellowship hall, commercial kitchen, narthex, 12 classrooms, and excellent handicap accessibility.
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    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
    18700 Joy Rd Detroit, MI 48228
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