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    FOR LEASE
    Auto shops

    7647 Joy Rd, Detroit, MI 48204

    1,000 SF 0.05 ac lot Built 1940
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US43-1085918
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 7647 Joy Rd, Detroit, MI, presents a unique investment opportunity. Spanning nearly 0.4 acres and encompassing 8 separate lots, this property offers a 2,073 square foot building and ample space for expansion. The site is fully fenced and gated, ensuring security. Recent improvements include a new asphalt roof, although some cosmetic updates are needed. The property boasts an on-site air compressor, power connections for signage, and a gated entrance. A partially completed room with a new concrete floor offers additional development potential, requiring only finishing touches like a door and roof. The B4 zoning allows for a wide range of business uses, including but not limited to building material sales, various workshops, retail, and certain institutional uses. This high-visibility location benefits from its strategic position at the intersection of Joy Road and Livernois Avenue, providing excellent accessibility and exposure. The area's evolving infrastructure and proximity to major highways, residential areas, and industrial hubs make it an attractive investment for businesses seeking growth. A land contract is available with a minimum down payment of $50,000. This property is primed for success in 2025 and beyond.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1940
    Total area 1,000 SF
    Lot 0.05 ac (2,178 SF)
    Zoning code B4
    APN 16004668.
    UPID US43-1085918
    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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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Alex Antonio Cruz · 1 yrs held
    Alex Antonio Cruz
    since 2025
    2 recorded transactions
    2025
    2009
    Zoning & alternative use
    B4 · Detroit, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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