10435 Joy Rd, Detroit, MI 48204-3015
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.
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SToney'S Super Sonic Palace Wedding Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
B2 · Detroit, MIDetroit. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.