For Sale
7431 Joy Road, Detroit, MI 48204
$12,500
MLS # 20261010913 (Realcomp)
0.06 acres
1 / 3
Listing Description
Prime commercial opportunity on Detroit’s west side! This vacant corner lot offers outstanding visibility and high traffic exposure, making it an ideal location for your next business venture. Situated on a busy main road, the property benefits from excellent street frontage and easy access, providing strong potential for retail, office, restaurant, or mixed-use development. Land Contract terms available.
Source: SparkMLS
About this home
Currently offered at $12,500.
Annual property taxes run approximately $199 ($17/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeLand
Bathrooms0
Lot Size0.06 acres
Location
CityDetroit
Zip Code48204
CountyWayne
School DistrictDetroit
Sale & Financing
Listed2/20/2026
Terms AcceptedCash, Land Contract
Source: SparkMLS
Tax Information
Annual Tax$276
Tax Year2025
State Equalized Value$3,100
Assessed Value$3,100
Parcel #16004642.
Source: Public Records
Legal Description
S JOY RD 49 FRISCHKORNS TIREMAN PARK SUB L34 P43 PLATS, W C R 16/225 25 X 100
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Tracy Termini
Berkshire Hathaway HomeServices Kee Realty New Ba
Frequently Asked Questions about 7431 Joy Road, Detroit, MI 48204
What school district is 7431 Joy Road, Detroit, MI 48204 in?
Per MLS# 20261010913, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 7431 Joy Road, Detroit, MI 48204?
Per MLS# 20261010913, the seller has indicated this property accepts the following financing types: Cash, Land Contract. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261010913, the most recent reported annual property tax for 7431 Joy Road, Detroit, MI 48204 is $342. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 7431 Joy Road, Detroit, MI 48204 eligible for USDA financing?
Per USDA Rural Development boundary data, 7431 Joy Road, Detroit, MI 48204 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 7431 Joy Road, Detroit, MI 48204 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
Tax Estimate
$
Annual tax$199
Monthly$17
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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%
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Monthly payment$98
Principal & interest$81
Property taxes$17
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
7431 Joy Road, Detroit, MI 48204
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Neighborhood
Tireman
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Community
Detroit
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County
Wayne County
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