14921 Joy Rd Detroit, MI 48228

OFF-MARKET

Other individual retail properties

Property ID

US43-0937337

3,038 SF 0.18 ac lot Built 1954

Individually Owned Free & Clear

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The commercial property at 14921 Joy Rd in Detroit, Michigan is located on Joy Road and includes the main building plus adjacent side lots at 14903 and 14911 Joy Rd. The site covers approximately 0.18 acres and contains a 3,038-square-foot building. The property has historically been operated as a dry cleaner and is configured with space suitable for commercial use. While updates are needed, the building has a solid structure and requires improvements including a roof replacement, electrical work, and cosmetic enhancements. Equipment previously associated with dry-cleaning operations was present and is part of the property’s facilities, and the building is positioned along a high-traffic corridor with frontage on Joy Road.

Property type Other individual retail properties

Use group DRY CLEANER

Year built 1954

Total area 3,038 SF

Lot 0.18 ac (7,841 SF)

Zoning code B4

APN 22002228-31

UPID US43-0937337

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

(Bike/Boat/Book/etc) Store

14921 Joy Rd Detroit, MI 48228-2442

Detroit metro Census 535800 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

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Blend (final) Blend

$315k

Zoning description

), 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)…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

Value Estimation
$75,000

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20606 Joy Rd

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Value Estimation
$65,000

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19330 Joy Rd

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Value Estimation
$100,000

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20500 Warren Ave

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Value Estimation
$70,000

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20518 Warren Ave

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Value Estimation
$175,000

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13028 Chicago St

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13028 Chicago St, Detroit, MI 48228-2891

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Value Estimation
$40,000

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12750 Joy Rd

BARBER, HAIR SALON

12750 Joy Rd, Detroit, MI 48228-2663

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Retail Space For Lease

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