RE/MAX City Centre
Listed by RE/MAX City Centre
$800,000
10501 Joy Road
Details
APN W18I005141C52
Property Type Retail, Mixed Use
Sub Type Storefront
Square Footage 9,050
NOI $100,000
Year Built 2003
Acreage 0.550
Retail | 9,050 SqFt
Marketing description
Introducing Joy Village Plaza, an 8-unit neighborhood retail center located along the high-traffic Joy Rd corridor in Detroit — offered at $800,000.
This plaza is home to a mix of established businesses including a daycare, soul food café, smoke shop, and take-out restaurant, serving as a convenient destination for the surrounding community and generating steady foot and vehicle traffic.
With vacant units available, this property presents a value-add opportunity for investors or owner-operators to introduce new businesses, expand services, or curate tenants that align with community demand. Ideal for entrepreneurs seeking to launch or grow retail, service, or food concepts in a visible, well-known location.
Property highlights:
• 8 retail units
• Mix of service and food-based tenants
• High visibility on Joy Rd
• On-site parking
• Opportunity to lease vacant units and increase NOI
• Flexibility to add new business concepts
Whether you’re looking for an income-producing retail asset with upside or a space to bring new business ideas to the neighborhood, Joy Village Plaza offers both stability and growth potential.
Listing Contacts
RE/MAX City Centre
Listed by RE/MAX City Centre
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,000.00
$8,333.33/mo
Valuation Metrics
0
DSCR
12.5%
Cap Rate
12.5%
ROI
Map
Zoning
B2 MixedMixed UseLocal Business And Residential District
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View all 267 uses
View all 267 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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