Property profile

10435 Joy Rd Detroit, MI 48204

FOR SALE
Specialty properties
Property ID
US43-0400702
6,550 SF 0.55 ac lot Built 1952
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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10435 Joy Rd, Detroit, MI 48204 For Sale
$350,000 6,550 SF
10435 Joy Rd, Detroit, MI 48204
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Property summary

AI-generated overview

This exceptional 6,550 sq ft, Class A property, built in 1952 and renovated in 2019, is situated on a 0.55-acre lot in Detroit, MI, at 10435 Joy Road (zip code 48204). Currently operating as a 100% occupied banquet hall, it boasts a versatile layout easily adaptable for retail or office use. The single-story building features a 20-foot ceiling height, 30 parking spaces, and three new 7-ton HVAC units. Its prime location on Joy Road offers high visibility and accessibility. The property is zoned for commercial and multiple uses, presenting a unique opportunity for owner-users or investors. The spacious interior, ideal for large gatherings, includes a lounging area, dance floor, and DJ booth. With its expansive footprint and flexible design, this property offers significant potential for customization and expansion, making it an attractive investment in Detroit's growing commercial market. The asking price is $195,000 ($29.77/sq ft). The APN is W18I005129C40.

Property profile

Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1952
Total area 6,550 SF
Lot 0.55 ac (23,958 SF)
Zoning code B2
APN 18005129-40
UPID US43-0400702

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Wedding Service

Location

10435 Joy Rd Detroit, MI 48204
Detroit metro Census 535600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$400k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2024
Price N/A
2024
Price N/A
2024
Price N/A
2024
Price N/A
2019
Price N/A
2012
$310,000

Zoning & alternative use

B2 · Detroit, MI
Zoning description

ity Residential District. (Code 1984, § 61-7-2; Ord. No. 11-05, § 1(61-7-2), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2)…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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