Remarks

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, plumbing, and roofing, along with two brand-new door bays. The apartment, with its separate entrance and utilities, enhances rental appeal.

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.

Details

MLS#: 20240081421
Price: $179,900

Style: Business And Real Estate
Sq Ft: 2062
Year Built: 1931

County: Wayne
Subdivision: FRISCHKORNS W CHICAGO BLVD (ALSO P12 PLATS)
Lot Size: 0.05
Tax Fee: 1019.0

School District: Detroit