20501 Joy RdDetroit, MI 48228

For Sale
$195,000
Three buildings, 2,990 SF, $195,000

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents three retail buildings totaling 2,990 square feet, situated on a 0.15-acre lot at 20501, 20511, and 20515 Joy Road in Detroit, Michigan, 48228. Built in 1953, these single-story structures offer a unique chance to acquire established commercial space in a high-traffic area. The property boasts a convenient adjacent parking lot, ensuring ample customer parking. Inside, you'll find a 11-foot clear height, providing versatile space for various retail uses. The buildings are equipped with 220-volt, 3-phase power, catering to a range of business needs. The property is zoned B4, allowing for a variety of commercial applications. Priced at $195,000, or $65.22 per square foot, this represents a compelling value proposition for investors seeking a strong return on investment in a thriving Detroit location. The combined square footage and convenient location make this an ideal opportunity for a multi-tenant retail operation or a single large-scale business. Don't miss this chance to acquire this well-positioned Detroit retail property.

Highlights

  • 2,990 square feet available for lease or sale.
  • Building and adjacent parking lot for sale.
  • 11-foot clear ceiling height.
  • B4 zoning.
  • 220-volt, three-phase power available.
  • Sale price: $195,000 ($65.22 per square foot).

Property Details for 20501 Joy Rd

Property type
Retail properties
Square Feet
2,990 SF
Year Built
1953
Buildings
3
Stories
1
Lot Size (sq. ft)
6,534 SF

Location Insight

City
Detroit
County
Wayne
State
Michigan
Latitude
42.3573186
Longitude
-83.2411688
20501 Joy Rd, Detroit, Michigan

FAQs

What type of property is this?
Retail property - Three buildings, 2,990 SF, $195,000
Where is the retail property located?
The property is located at 20501 Joy Rd Detroit, MI.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 2,990 square feet available for lease or sale.; Building and adjacent parking lot for sale.; 11-foot clear ceiling height.
How can I contact the broker?
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20501 Joy Rd
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