10501 Joy Rd Detroit, MI 48204
This exceptional commercial property, located in a thriving business district, offers three available retail spaces totaling 1,980 square feet. Each unit is a brand-new, "white box" space, providing flexibility for tenants to customize their build-out to perfectly suit their business needs. The minimum divisible space is 975 square feet, while the maximum contiguous space available is 1,005 square feet. The entire 1,980 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire building or for multiple businesses to establish themselves in this vibrant location. The property's prime location ensures high visibility and foot traffic, making it an ideal choice for retailers seeking a dynamic and bustling environment. This versatile space is suitable for a variety of uses, including retail, office, or a combination of both, offering significant potential for growth and success. The property's modern design and flexible layout provide an excellent foundation for any business looking to establish a strong presence in a high-demand area. Don't miss this chance to secure your ideal commercial space in this thriving business district.
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) B2 Local Business and Residential District. (3) B3 Shopping District. (4) B4 General Business District. (5) B5 Major Business District. (6)…
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2 · Detroit, MIity 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) B2 Local Business and Residential District. (3) B3 Shopping District. (4) B4 General Business District. (5) B5 Major Business District. (6) B6 General Services District. (Code 1984, § 61-7-3; Ord. No. 11-05, § 1(61-7-3), e
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.
