Introducing Joy Village Plaza, an 8-unit neighborhood retail center located along the high-traffic Joy Rd corridor in Detroit - offered at $800,000.A;A;This plaza is home to a mix of established businesses including a daycare, soul food cafe, smoke shop, and take-out restaurant, serving as a convenient destination for the surrounding… Read More community and generating steady foot and vehicle traffic.A;A;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.A;A;Property highlights:A; - 8 retail unitsA; - Mix of service and food-based tenantsA; - High visibility on Joy RdA; - On-site parkingA; - Opportunity to lease vacant units and increase NOIA; - Flexibility to add new business conceptsA;A;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. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of REMAX City Centre, (313) 528-3002
Listing Snapshot
Days Online
86
Last Updated
Property Type
Commercial
Square Ft.
9,050
Lot Size
0.55 Acres
Year Built
2003
MLS Number
20261003592
30 Days Snapshot Of 48204
$45k
-39%
(avg) sold price
6
-60%
homes sold
74
-30%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Building
Built in 2003, 9,050 total square feet, 9,050 main square feet, 0 office square feet, Brick
Foundation
Slab
Water Features
Public (Municipal)
Heating
Natural Gas
Lot
Lot size area: 0.55, Lot size dimensions: 240X100
Miscellaneous
Gross scheduled income: $120,000, Monthly sales: $10,000, Net operating income: $100,000, Operating expense: $20,000, Retail, Real Estate Only
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