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    10501 Joy Rd Detroit, MI 48204

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    10501 Joy Rd Detroit, MI 48204


    • Strip malls
    • 9,050 SF
    • 0.55 lot acres
    Detroit Retail Center on Joy For Sale
    $800,000
    9,050 SF

    Detroit Retail Center on Joy

    Eight-unit retail center with high visibility and value-add potential.

    10501 Joy Road, Detroit, MI 48204
    View Listing
    Property ID
    US43-1991371
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 10501 Joy Rd

    Year built
    2003
    Lot size
    0.55 lot acres
    Property size
    9,050 SF
    Zone code
    B2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    18005141-52
    APU
    1800514152

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $825,000
      Market price range: $314k - $826k
      AI Estimate
      $535,000
      Market price range: $272k - $553k
    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $685,000
      Current use
      COMMERCIAL (GENERAL)
      $825,000
      Change: +21% Conversion: Easy
      RESTAURANT
      $825,000
      Change: +20% Conversion: Difficult
      RETAIL STORES
      $625,000
      Change: -9% Conversion: Easy
      MEDICAL BUILDING
      $570,000
      Change: -17% Conversion: Difficult
      OFFICE BUILDING
      $560,000
      Change: -19% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $550,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1648
    Latitude
    42.3585
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $21,628
    $0.00
    $0.00
    $366,500
    -
    $0.00
    $0.00
    $733,000
    View Listing
    More about this property
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