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31454427
31454426

7647 Joy Rd, Detroit, MI 48204 For Sale

JA
6501438631`
Exp Realty, LLC
Listed by Exp Realty, LLC
$190,000
127 days on market
Updated 45 days ago

7647 Joy Rd

Details
APN W16I004668S
Property Type Retail, Industrial
Sub Type Warehouse
Square Footage 2,073
NOI $35,000
Year Built 1940
Year Renovated 2,025
Acreage 0.050
Zoning Commercial
Ownership Standard (Private)

Retail | 2,073 SqFt

Marketing description

Exceptional opportunity to expand or establish your business on nearly one acre of prime commercial property located at the highly visible corner of Joy Rd and Livernois. This unique offering includes 8 combined parcels with B4 zoning, allowing for a wide range of commercial and service-based uses. The property features an existing building with retail office space and a small suite, making it ideal for owner-operators, contractors, or businesses seeking a flexible workspace. B4 zoning allows for numerous permitted uses including building material or lumber sales, cabinet, upholstery and woodworking shops, plumbing, electrical and HVAC service operations, greenhouses, nurseries, and other commercial enterprises that benefit from high traffic exposure. The site is fully fenced and gated for added security, providing privacy. Recent improvements include updated asphalt roofing, renovated bathroom, and electrical and plumbing updates. With excellent visibility, ample land, and versatile zoning, this property presents a rare opportunity for investors or business owners looking to grow in a high-traffic Detroit corridor.

Listing Contacts

JA
6501438631`
Exp Realty, LLC
Listed by Exp Realty, LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$35,000.00
$2,916.67/mo

Valuation Metrics

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DSCR
18.42%
Cap Rate
18.42%
ROI

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