3774 Joy RdDetroit, MI 48206

Property Details for 3774 Joy Rd

Year built

1950

Lot size

0.19 AC

Property size (Sq ft)

7,350 SF

Zone code

B4

Property type

Industrial properties

Property subtype

Other warehouses

APN

14003444-6

APU

140034446

Description

This exceptional commercial property at 3774 Joy Road in Detroit, Michigan presents a rare investment opportunity. The 7,350 square foot building, constructed in 1950, sits on a 0.19-acre lot and is zoned for commercial use. Currently operating as a well-established wholesale electrical supply business since 1950, this single-story Class B building offers significant potential for continued success in its current use or for redevelopment. The asking price is $2,000,097, translating to $272.12 per square foot. The property boasts a warm and dry interior, indicative of consistent maintenance and upkeep. Its prime location in Wayne County, with easy access to metropolitan Detroit, ensures high visibility and accessibility for customers and employees. The building's long history of successful operation speaks to its enduring appeal and potential for future profitability. This is a unique chance to acquire a well-maintained, established commercial property in a thriving area. The property's solid structure and strategic location promise decades of continued service and potential for growth. This offering presents a compelling investment opportunity for discerning buyers seeking a stable and potentially lucrative venture in the Detroit market. The property's history of successful operation, combined with its desirable location and solid construction, makes it an attractive prospect for both established businesses and investors seeking a strong return.

• Alternative Use

  Use

  Valuation

  Residential

  $1,749,765

  Hospitality

  $1,602,776

  Educational

  $1,333,490

  Medical

  $1,379,351

  Retail

  $2,074,318

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3698

Longitude

-83.1192

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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