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    Detroit, MI
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    Detroit, MI Parking Lots & Garages for Sale

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    High-Visibility Auto Dealership on Joy
    Updated: Oct 23, 2024
    High-Visibility Auto Dealership on Joy

    16912 - 16926 Joy Road, Detroit, MI 48228

    $175,000
    1,200 sqft
    High‑visibility location on bustling Joy Road in Detroit with amazing traffic.
    Licensed auto dealership with a huge corner lot and space for over 25 vehicles.
    Includes 16 license plates, current customers, and auto financing agreement.
    Features a sales office and a small repair facility.
    Ideal for growing businesses with unmatched exposure and potential.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    16912 - 16926 Joy Road, Detroit, MI 48228

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    • Est. Cap Rate

      8.5%
      Above avg (5.9%)

    • Est. NOI

      $15K
      Annual

    • Price @ 7% Cap

      $211K
      Above asking

    • Last Sold

      Nov 2020
      $265K

    • Property Type

      Auto Repair, Garage
      Built 1952
    View Property Analytics
    Established Auto Dealership and Pawn
    Updated: May 25
    Established Auto Dealership and Pawn

    5858 Tireman St, Detroit, MI 48204

    $250,000
    1,218 sqft 1.14 AC lot
    Established Used Auto Dealership & Pawn Shop with 32+ Years of Operation
    Prime Corner Location with High Traffic and Excellent Visibility
    Four Lots Totaling 1.14 Acres, Offering Room for Expansion
    Pawn License Transfers with the Business
    Updated Building with Newer Electrical, Plumbing, A/C, and Furnace
    View details
    Detroit Commercial Property with Parking
    Detroit Commercial Property with Parking

    2670 Chalmers St, Detroit, MI 48215

    $599,999
    0.40 AC lot

    Versatile Detroit building with renovation potential and ample parking.

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    Portfolio Sale Development Opportunity
    Portfolio Sale Development Opportunity

    17105 Woodward Ave, Detroit, MI 48203

    $1,200,000
    1.70 AC lot

    Five parcels including buildings and parking lots on 1.7 acres.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Detroit Property in Mexicantown
    Detroit Property in Mexicantown

    3553 W Vernor, Detroit, MI 48216

    $825,000
    0.37 AC lot

    Well-maintained 11,282 SF building with parking in Detroit's Mexicantown.

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    Joy Rd Investment Opportunity
    Joy Rd Investment Opportunity

    15142 JOY Rd, Detroit, MI 48228

    $179,900
    0.05 AC lot

    Commercial real estate package with income potential near Dearborn.

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    Detroit Parking Lot Opportunity
    Detroit Parking Lot Opportunity

    3101 Franklin St, Detroit, MI 48207

    $450,000

    Prime parking lot in thriving Detroit area for sale.

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    Detroit Flex Industrial and Garages
    Detroit Flex Industrial and Garages

    17129 Rockdale St., Detroit, MI 48219

    $600,000
    2,230 sqft 0.39 AC lot

    Two abutting properties: flex industrial/office and garage units for sale.

    View details
    Warren Avenue Property with Parking
    Warren Avenue Property with Parking

    16921 W WARREN Ave, Detroit, MI 48228

    $495,000
    0.28 AC lot

    Property on Warren Avenue with ample on-site parking.

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    Land for Development Opportunity
    Land for Development Opportunity

    19700 WOODWARD Ave, Detroit, MI 48203

    $600,000
    0.13 AC lot

    Land suitable for development, ideal for fast food location.

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    Brick Retail Building with Clear-Span Annex
    Brick Retail Building with Clear-Span Annex

    9117 Grand River Ave, Detroit, MI 48204

    $750,000
    25,000 sqft

    Two-building retail property features a high-ceiling, brick-and-limestone main structure plus a steel clear-span annex with new roof.

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    Fully Fenced Used Car Lot
    Fully Fenced Used Car Lot

    23321 Plymouth Road, Redford, MI 48239

    $749,900
    1,764 sqft

    Turnkey used car lot with a fully fenced site and included business and real estate.

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    Commercial Lot in Southwest Detroit
    Commercial Lot in Southwest Detroit

    3338-3342 Bagley St, Detroit, MI

    $450,000
    0.14 AC lot

    Vacant, paved commercial parking lot in Mexicantown-Southwest Detroit.

    View details
    High-Traffic Corner Lot Car Dealership
    High-Traffic Corner Lot Car Dealership

    21511 GRAND RIVER Avenue, Detroit, MI 48219

    $750,000
    1,283 sqft 0.19 AC lot

    Prime location car dealership with long-term lease in place.

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    Detroit Parking Lot For Sale
    Detroit Parking Lot For Sale

    18301 HARTWELL St, Detroit, MI 48235

    $75,000
    0.23 AC lot

    9,800 SF parking lot with alley access.

    View details
    Retail Space with Parking Lot
    Retail Space with Parking Lot

    14131 Fenkell Ave, Detroit, MI 48227

    $360,000
    7,420 sqft

    7,420 sq ft retail space with adjacent parking.

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 16 Active listings in Detroit, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 56 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    M1 Concourse Private Garage
    M1 Concourse Private Garage

    135 Speed Way, Pontiac, MI 48341

    $850,000
    984 sqft

    Luxury garage with racetrack views, golf simulator, and smart home.

    View details
    B-3 Car Lot with Building
    B-3 Car Lot with Building

    34470 S Gratiot Avenue, Clinton Township, MI 48035

    $1,600,000
    3,200 sqft 1.20 AC lot

    B-3 land package with a used car lot and a 3,200 SF building for automotive-focused buyers.

    View details
    M1 Concourse Private Garage
    M1 Concourse Private Garage

    264 APEX Dr, Pontiac, MI 48341

    $285,000
    0.01 AC lot

    Private garage unit in a community of auto enthusiasts.

    View details
    Commercial Property on Gratiot Avenue
    Commercial Property on Gratiot Avenue

    Clinton Township, MI 48035

    $1,600,000
    3,200 sqft 1.20 AC lot

    Two parcels with a 3,200 SF building on 1.2 acres.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Pontiac Land Development Opportunity
    Pontiac Land Development Opportunity

    151 SOUTH Boulevard W, Pontiac, MI 48341

    $74,000
    0.22 AC lot

    Vacant land in Pontiac's growth corridor, near M1 Concourse.

    View details
    Commercial Land Rezoned to C2
    Commercial Land Rezoned to C2

    Davisburg, MI 48350

    $299,900
    4.40 AC lot

    4.4-acre commercial parcel near I-75 with C2 zoning, suited for storage, specialty retail, or landscaping supply uses.

    View details
    Light Industrial Multi-Building Complex
    Light Industrial Multi-Building Complex

    11910 Harvard Avenue, Cleveland, OH 44105

    $2,000,000
    3.00 AC lot

    Five-building light industrial site with renovated office, overhead cranes, and 10 drive-in doors.

    View details
    Vacant Land in Downtown Kalamazoo
    Vacant Land in Downtown Kalamazoo

    426 E Michigan Avenue, Kalamazoo, MI 49007

    $200,000
    4.10 AC lot

    Vacant land parcel in downtown Kalamazoo, suitable for redevelopment.

    View details

    Off-Market Properties in Detroit, MI

    Consider similar Off-Market properties in Detroit, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    3717 John R St
    PARKING GARAGE, PARKING STRUCTURE

    3717 John R St, Detroit, MI 48201-2401

    Value Estimation by Request
    288,990 sqft 1.29 AC lot
    View details
    1208 Woodward Ave
    PARKING GARAGE, PARKING STRUCTURE

    1208 Woodward Ave, Detroit, MI 48226-2007

    Value Estimation by Request
    92,400 sqft 2.12 AC lot
    View details
    8534 Michigan Ave
    RESIDENTIAL PARKING GARAGE

    8534 Michigan Ave, Detroit, MI 48210-2057

    Value Estimation by Request
    457 sqft 0.04 AC lot
    View details
    4721 Warren Ave
    RESIDENTIAL PARKING GARAGE

    4721 Warren Ave, Detroit, MI 48210-1465

    Value Estimation by Request
    540 sqft 0.14 AC lot
    View details
    328 Congress St
    PARKING GARAGE, PARKING STRUCTURE

    328 Congress St, Detroit, MI 48226-3127

    Value Estimation by Request
    73,140 sqft 0.34 AC lot
    View details
    1883 Woodward Ave
    PARKING GARAGE, PARKING STRUCTURE

    1883 Woodward Ave, Detroit, MI 48226-2008

    Value Estimation by Request
    144,034 sqft 2.22 AC lot
    View details
    1600 Woodward Ave
    PARKING GARAGE, PARKING STRUCTURE

    1600 Woodward Ave, Detroit, MI 48226

    Value Estimation by Request
    85,104 sqft 1.99 AC lot
    View details
    5400 Springwells St
    RESIDENTIAL PARKING GARAGE

    5400 Springwells St, Detroit, MI 48210-2167

    Value Estimation by Request
    2,430 sqft 0.09 AC lot
    View details

    Detroit, MI Parking Lots & Garages Market Trends and Statistics

    Explore 72 parking lots & garages for sale in Detroit, MI, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 83,243 square feet of properties for sale, with an estimated market value of $6,117,699.

    Sale prices for parking garages in Detroit, MI start at $109,900, averaging $436,978, and reaching up to $750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Land 992
    Residential income properties 826
    Multifamily properties 788
    Retail properties & Spaces 731
    Duplexes 518

    Demographics Overview

    Population 850K
    Population Growth (5Y) -4.2%
    Median Household Income $48,716
    College Educated 21.2%

    High-Yield Neighborhoods for Investment

    Identify Detroit submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Detroit $407.4K
    Highland Park $900K

    Taxes & Financing

    Tax Rate (average for all types) 3.32%
    Property Tax per SF $36.71 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Wayne County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Detroit fall within the 10,000 to 25,000 square foot range.

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    Popular Searches in Detroit, MI

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    Most Searched ZIP Codes in Detroit, MI

    • 48228
    • 48203
    • 48204
    • 48219
    • 48207
    • 48215
    • 48216
    • 48227
    • 48235
    • 48239

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