7647 Joy Rd, Detroit, MI 48204
For Lease
1 / 10
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
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.
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.