Prime Investment Opportunity on Joy Rd: This commercial real estate package offers three parcels, including a separate upper efficiency apartment, all on a 60 x 100 lot in a highly sought-after area known for its thriving auto industry. Just minutes from Dearborn, the property boasts modern updates, including new electrical,… Read More plumbing, and roofing, along with two brand-new door bays. The apartment, with its separate entrance and utilities, enhances rental appeal.A;A;Currently generating $2,500 in monthly income from a successful detail shop and rented apartment, this property offers significant potential for expansion. With security fencing in place and ample parking for up to 18 cars, the additional vacant space is perfect for storage, warehousing, or further development. Seize this opportunity to invest in a versatile property with a solid income stream and room to grow. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of RE/MAX Leading Edge.
Listing Snapshot
Days Online
251
Last Updated
Property Type
Commercial
Square Ft.
2,062
Lot Size
0.05 Acres
Year Built
1931
MLS Number
20240081421
30 Days Snapshot Of 48228
$76k
+18%
(avg) sold price
47
+30%
homes sold
61
-7%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Building
Built in 1931, 2,062 total square feet, 2,062 main square feet, 1,000 office square feet, Unit count: 0, Brick
Foundation
Slab, Basement
Water Features
Public (Municipal)
Heating
Natural Gas
Lot
Lot size area: 0.05, Lot size dimensions: 23.00 x 100.00
Miscellaneous
Gross scheduled income: $30,000, Monthly sales: $2,500, Net operating income: $29,000, Operating expense: $1,000, Business And Real Estate
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