10501 Joy Road Detroit, MI $ 1,000,000
10501 Joy Road
$ 1,000,000
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10501 Joy Road

Detroit, MI, 48204
$ 1,000,000
Bedrooms-- Baths-- Sq 9,050

Monthly Estimate*

$ 6,239

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Commercial Property for sale in Detroit, MI

for $1,000,000. This 9,050 square foot building was built in 2003 on a lot size of 0.55.

Welcome to Joy Village Plaza, a fully leased 8-unit retail center located on the bustling corner of Joy Rd in Detroit! This thriving plaza is home to a strong mix of long-term tenants, including a daycare, soul food café, smoke shop, lounge, clothing boutiques, and take-out restaurant — creating consistent traffic and reliable cash flow. With 100% occupancy and diverse tenant types, this plaza offers an excellent opportunity for investors seeking steady income and turnkey ownership in one of Detroit’s high-visibility corridors. Features include: • 8 fully leased retail units • High foot and vehicle traffic • Ample on-site parking • Strong tenant mix with neighborhood appeal • Convenient access to major roads and nearby residential areas Whether you’re expanding your investment portfolio or seeking a stable commercial property in a prime Detroit location — Joy Village Plaza delivers immediate returns and long-term potential. Fully leased | 8 units | Income-producing opportunity

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Commercial Active

Price

$ 1,000,000

Property Type

Commercial

Taxes

$ 5,797

Style

BusinessandRealEstate

Lot Size

0.55

Year Built

2003

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251048642

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Construction Materials Brick
Year Built 2003
Levels One
Property Subtype BusinessandRealEstate
Current Use Commercial MixedUse Retail
Business Type Commercial Retail
County Wayne
Net Operating Income 100000.0
Operating Expense 20000.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name ROBERT OAKMAN LAND COS AVIATION FIELD 3
Garage Y/N N
Status Active
Directions Take the Southfield freeway to Joy Rd and directly to the Plaza.
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial Multiple
MLS Area Area05042Det6TireGrnfldLivernois
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 5797.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 68200
Expected Active Date 2025-10-24
Legal Description S JOY RD 2379 THRU 2384 2411 THRU 2416 ROBERT OAKMAN LAND COS AVIATION FIELD SUB NO 3 L49 P56 PLATS W C R 18/432 240 X 100
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Exterior
Parking Features ParkingLot OnSite
Water Source Public
Spa N
Building Area Total 9050.0
Lot Dimensions 240X100
Lot Size Acres 0.55
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 9050.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 10501
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* Excluded Features
List By
Genice Hamilton

Listing Agent

Re/Max City Centre

Broker

(313) 265-9934

Phone

Affordability Calculator

$6,722
Per Month
93%
7%
0%
Monthly Principal & Interest
$6,239
Monthly Property Taxes
$483
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/8/2025$1,000,000 -16.67% Price Down
10/24/2025$1,200,000 Listed Price

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10501 Joy Road, Detroit, MI, 48204 is a Commercial Property for sale at $1,000,000 with 9,050 sqft and a lot size of 0.55. 10501 Joy Road was built in 2003. The property's zip code is 48204 which is in Detroit, MI