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

    12701 Joy Rd Detroit, MI 48228

    For Lease
    $20 SF/Yr

    1,000 SF Freestanding Building, Detroit, MI

    Lot size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1,000-square-foot freestanding retail building presents a unique investment opportunity in Detroit, Michigan. Constructed in 1970, the single-story structure features a convenient drive-thru, ideal for a variety of businesses. Located at 12701 Joy Road, this property benefits from high visibility on a major thoroughfare between Schaefer and Wyoming Avenues. The building is a single-tenant space, offering a straightforward and manageable investment. Joy Road itself is a bustling artery in Detroit, serving a diverse residential and commercial community. The area boasts a mix of local eateries and cafes, reflecting the vibrant cultural tapestry of the city. Note that the property has a restriction prohibiting smoke shops. Ongoing revitalization efforts in the neighborhood suggest a promising future for this location, making it an attractive prospect for savvy investors seeking a strong foothold in a growing market. The property's single-story design and lack of elevators simplify operations and maintenance. This prime location and versatile space offer significant potential for a variety of retail concepts. The property is situated in Detroit, MI, zip code 48228.

    Property Features for 12701 Joy Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,000 SF

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,000 SF
    Rate per SF
    $20

    HighLights

    • High‑visibility pylon signage opportunity.
    • No smoke shops permitted.
    • Freestanding building with drive‑thru.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Boost Mobile Cell Phone Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.16774435722
    Latitude
    42.358568271091

    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
    • $1,600 /Mo
      5,235 SF

      Detroit Retail Space on Livernois

      Three retail spaces available for lease on Livernois Avenue.
      10231 Livernois Ave, Detroit, MI 48204
      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
    • $5,900 /Mo
      7,020 SF

      Light Industrial Building on 8 Mile

      Warehouse with renovated office, high ceilings, and heavy-duty crane.
      1521 E 8 Mile Rd, Detroit, MI 48220
      View Details
    • New
      $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

    FAQs

    What type of property is this?
    Individual retail property - 1,000 SF Freestanding Building, Detroit, MI
    Where is this individual retail property located?
    The property is located at 12701 Joy Rd Detroit, MI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: High-visibility pylon signage opportunity.; No smoke shops permitted.; Freestanding building with drive-thru.
    Request Owner's contact information
    12701 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.
    12701 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
    12701 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.