20501 Joy RdDetroit, MI 48228

Property Details for 20501 Joy Rd

Year built

1954

Lot size

0.07 AC

Zone code

B4

Property type

Land

Property subtype

Commercial land

APN

22002541.

APU

22002541

Description

This exceptional investment opportunity presents three retail buildings totaling 2,990 square feet, situated on a 0.15-acre lot at 20501, 20511, and 20515 Joy Road in Detroit, Michigan, 48228. Built in 1953, these single-story structures offer a unique chance to acquire established commercial space in a high-traffic area. The property boasts a convenient adjacent parking lot, ensuring ample customer parking. Inside, you'll find a 11-foot clear height, providing versatile space for various retail uses. The buildings are equipped with 220-volt, 3-phase power, catering to a range of business needs. The property is zoned B4, allowing for a variety of commercial applications. Priced at $195,000, or $65.22 per square foot, this represents a compelling value proposition for investors seeking a strong return on investment in a thriving Detroit location. The combined square footage and convenient location make this an ideal opportunity for a multi-tenant retail operation or a single large-scale business. Don't miss this chance to acquire this well-positioned Detroit retail property.

• Alternative Use

  Use

  Valuation

  Residential

  $597,434

  Hospitality

  $547,247

  Educational

  $455,303

  Medical

  $470,961

  Retail

  $708,249

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3572

Longitude

-83.241

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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