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    OFF-MARKET
    Specialty properties

    10435 Joy Rd, Detroit, MI 48204-3015

    6,550 SF 0.55 ac lot Built 1952
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-0400702
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • SToney'S Super Sonic Palace Wedding Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    16921 LLC
    16921 LLC
    since 2025
    7 recorded transactions
    2025
    2024
    2024
    2024
    2024
    2019
    2012
    $310,000
    Zoning & alternative use
    B2 · Detroit, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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