16940-16912 Joy Rd Detroit, MI 48228
- Retail properties
- 10,000 SF
Current Use by Public Records
- Retail properties
Property Details for 16940-16912 Joy Rd
- Property size
- 10,000 SF
- Property type
- Retail properties
- Property subtype
- Freestanding property
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2125
- Latitude
- 42.3582
