3916 Joy Rd Detroit, MI 48206
- Retail space
- 6,658 SF
- 0.11 lot acres
Current Use by Public Records
- Retail space
Property Details for 3916 Joy Rd
- Year built
- 1923
- Lot size
- 0.11 lot acres
- Property size
- 6,658 SF
- Zone code
- B4
- Property type
- Retail space
- APN
- 14003441.
- APU
- 14003441
Description
This exceptional redevelopment opportunity presents three buildings totaling 6,658 square feet on a 0.37-acre lot in Detroit, Michigan. Located at 3916 Joy Road, this vacant property offers significant potential for a mixed-use project. The buildings, constructed in 1923, sit on a parcel zoned B4, allowing for a variety of uses. The property features two stories and a full basement. Originally configured as two apartments and a studio above storefronts, this presents a unique chance to create a vibrant retail space. The asking price is $100,000, translating to $15.02 per square foot. An adjacent 11,283 square foot land parcel is also available for purchase. This prime location is situated near the intersection of Joy Road and Dexter, in the Nardin Park/Jamison area, providing convenient access to West Grand River and I-96. The property's proximity to a longstanding Family Dollar store further enhances its visibility and potential for success. This is an ideal investment for those seeking a substantial mixed-use preservation project with high return potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1198
- Latitude
- 42.3696
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
