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Property profile & analytics
FOR SALE
Warehouses

3774 Joy Rd Detroit, MI 48206

7,350 SF 0.19 ac lot Built 1950
Individually Owned Free & Clear
Property ID
US43-1401851
Property summary
AI-generated overview

This exceptional commercial property at 3774 Joy Road in Detroit, Michigan presents a rare investment opportunity. The 7,350 square foot building, constructed in 1950, sits on a 0.19-acre lot and is zoned for commercial use. Currently operating as a well-established wholesale electrical supply business since 1950, this single-story Class B building offers significant potential for continued success in its current use or for redevelopment. The asking price is $2,000,097, translating to $272.12 per square foot. The property boasts a warm and dry interior, indicative of consistent maintenance and upkeep. Its prime location in Wayne County, with easy access to metropolitan Detroit, ensures high visibility and accessibility for customers and employees. The building's long history of successful operation speaks to its enduring appeal and potential for future profitability. This is a unique chance to acquire a well-maintained, established commercial property in a thriving area. The property's solid structure and strategic location promise decades of continued service and potential for growth. This offering presents a compelling investment opportunity for discerning buyers seeking a stable and potentially lucrative venture in the Detroit market. The property's history of successful operation, combined with its desirable location and solid construction, makes it an attractive prospect for both established businesses and investors seeking a strong return.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1950
Total area 7,350 SF
Lot 0.19 ac (8,276 SF)
Zoning code B4
APN 14003444-6
UPID US43-1401851
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
Current use
Occupant on record · Public records
  • Annex Electric Supply Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
LARRY A WOODBERG
LARRY A WOODBERG
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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