Address
5050 Joy Rd Detroit, MI
Price
$ 200,000
Property Attributes
  • MLS#40099648
  • TypeCommercial
  • CountyWAYNE
  • CityDetroit
  • AreaDetroit
  • NeighborhoodDetroit
  • Zip48204
  • StyleCommercial/Industrial
  • Year Built1940
  • Taxes7101
  • Price$ 200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage24960
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
Premier Realty Associates
Property Description

Office building with first floor retail located near the corner of Joy and Grand River!!! The building contains 24,960 SF and is composed of multiple Units!!! Tremendous Value-Add Opportunity!!! Up and coming Detroit area close to Boston-Edison Historic District and Russell Woods!!! Building needs full renovation. This property can be an excellent opportunity for an array of tax incentives. Large Parking lot in the rear is included. Buyer to verify all info.

Price History
9/5/2020 Listed $200,000

General Features

Class COM/IND/BUS OPP
Directions N Grand River
Financial Terms Cash
Heating Forced Air
Legal Description N JOY 4 THRU 6 W 15 FT 7 BLK 3 RAVENSWOOD SUB L10 P81 PLATS, W C R 14/179 105 IRREG
Listing Area Detroit (82001)
Municipality Detroit
Originating Mls RealComp
Ownership Private
Source Mls MI Real Source
Status Active
Status Active
Subdivision RAVENSWOOD (PLATS)
Subj To Short Sale Apprvl No
Type Commercial/Industrial
Water Public Water
Year Built 1940
Zoning Commercial

Interior Features

Fuel Type Natural Gas

Exterior Features

Exterior Brick
Foundation Type Basement
Frontage 105
Lot Dimensions 105.00X142.00
Lot Size Area 0.34
Roads Private Road
Sewer Septic Public Sanitary
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 48204

Price
AVG $310K
$200K
Taxes
AVG $5,493
$7,101
Visits
AVG 10
26
Year Built
AVG 1946
1940
Walkscore
AVG 44
46
Data Provided by Walkscore ® not using MLS data