3774 Joy Rd Detroit, MI 48206
For Sale
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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.
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Annex Electric Supply Building Supply Electrical Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B4 · Detroit, MIDetroit. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.