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Property profile & analytics
OFF-MARKET
Commercial land

16926 Joy Rd Detroit, MI 48228-1923

0.06 ac lot Built 1954
Individually Owned 16-yr Hold Absentee Owner Free & Clear
Property ID
US43-4748999
Property summary
AI-generated overview

This thriving, licensed auto dealership in Detroit, Michigan presents a unique investment opportunity. Located on a high-traffic section of Joy Road, this Class A property boasts a 0.3-acre corner lot, providing exceptional visibility and accessibility. The 1,200 square foot main building, constructed in 1952, includes a sales office and ample space to display over 25 vehicles. A secondary building complements the operation. The property is zoned for commercial use and includes 16 license plates, an established customer base, and an existing auto financing agreement, ensuring a smooth transition for the new owner. The sale also includes a small on-site repair facility. This owner-user opportunity is perfect for an established business looking to expand or a new venture seeking immediate market presence. The single-story building sits on a large lot, offering significant potential for future expansion or development. This turnkey operation offers a rare chance to acquire a successful business with significant assets in a prime Detroit location. Serious inquiries only.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1954
Lot 0.06 ac (2,614 SF)
Zoning code B4
APN 22002956.
UPID US43-4748999
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Michael Hanson · 16 yrs held
Michael Hanson
since 2010
2 recorded transactions
2010
Price N/A
2010
$5,000
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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