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    OFF-MARKET
    Commercial land

    16926 Joy Rd, Detroit, MI 48228-1923

    0.06 ac lot Built 1954
    Individually Owned 16-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-4748999
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Michael Hanson · 16 yrs held
    Michael Hanson
    since 2010
    2 recorded transactions
    2010
    2010
    $5,000
    Zoning & alternative use
    B4 · Detroit, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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