Property profile

16926 Joy Rd Detroit, MI 48228

OFF-MARKET
Commercial land
Property ID
US43-4748999
0.06 ac lot Built 1954
Individually Owned 16-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This thriving, licensed auto dealership in Detroit, Michigan presents a unique investment opportunity. Located on a high-traffic section of Joy Road, this Class A property boasts a 0.3-acre corner lot, providing exceptional visibility and accessibility. The 1,200 square foot main building, constructed in 1952, includes a sales office and ample space to display over 25 vehicles. A secondary building complements the operation. The property is zoned for commercial use and includes 16 license plates, an established customer base, and an existing auto financing agreement, ensuring a smooth transition for the new owner. The sale also includes a small on-site repair facility. This owner-user opportunity is perfect for an established business looking to expand or a new venture seeking immediate market presence. The single-story building sits on a large lot, offering significant potential for future expansion or development. This turnkey operation offers a rare chance to acquire a successful business with significant assets in a prime Detroit location. Serious inquiries only.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1954
Lot 0.06 ac (2,614 SF)
Zoning code B4
APN 22002956.
UPID US43-4748999

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16926 Joy Rd Detroit, MI 48228-1923
Detroit metro Census 547200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

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Owner & transaction history

since 2010
2 recorded transactions
2010
Price N/A
2010
$5,000

Zoning & alternative use

B4 · Detroit, MI
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
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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