18700 Joy Rd Detroit, MI 48228
- Office buildings
- 21,680 SF
- 0.54 lot acres
Current Use by Public Records
- Second Grace United Methodist Church / Methodist Church
- Renaissance Head Start / Preschool
Property Details for 18700 Joy Rd
- Year built
- 1948
- Lot size
- 0.54 lot acres
- Property size
- 21,680 SF
- Zone code
- B4
- Property type
- Office buildings
- APN
- 22002836-46
- APU
- 2200283646
Description
This exceptional 20,000 square foot, three-story church building in Detroit, Michigan, presents a unique investment opportunity. Built in 1948 and situated on a 0.9-acre lot at 18700 Joy Rd, 48228, this well-maintained property boasts a substantial sanctuary seating 250 (190 main floor, 60 balcony), a spacious 70ft x 49ft fellowship hall with a stage and separate restrooms, and a fully equipped commercial kitchen. Twelve classrooms, multiple offices (including a 17ft x 17ft pastor's office and a church conference room), a narthex, and excellent handicap accessibility (including an elevator and lift) are key features. A long-term tenant, Renaissance Head Start, occupies a portion of the building, generating approximately $47,000 in annual revenue. The property includes two parking lots providing ample parking (37 spaces total, including 4 handicap spaces). The building features a boiler for radiant heat (west wing) and three forced air furnaces (east wing), with air conditioning in the east wing and fellowship hall. This property offers significant potential for various uses, given its size, amenities, and established income stream. The asking price is $800,000, representing a price per square foot of $40. This is a rare opportunity to acquire a substantial and income-producing property in a desirable Detroit location.
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
- -83.2243
- Latitude
- 42.358
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA