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505 E GRAND Boulevard Detroit, MI $ 450,000
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$ 450,000 Get more info
505 E GRAND Boulevard
$ 450,000
Back to search
Share Save

505 E GRAND Boulevard

Detroit, MI, 48207
$ 450,000
Bedrooms-- Baths-- Sq 22,712

Monthly Estimate*

$ 2,807

505 E GRAND Boulevard, Detroit, MI 48207 - Image 1
505 E GRAND Boulevard, Detroit, MI 48207 - Image 2
505 E GRAND Boulevard, Detroit, MI 48207 - Image 3
505 E GRAND Boulevard, Detroit, MI 48207 - Image 4
505 E GRAND Boulevard, Detroit, MI 48207 - Image 5
505 E GRAND Boulevard, Detroit, MI 48207 - Image 6
505 E GRAND Boulevard, Detroit, MI 48207 - Image 7
505 E GRAND Boulevard, Detroit, MI 48207 - Image 8
505 E GRAND Boulevard, Detroit, MI 48207 - Image 9
505 E GRAND Boulevard, Detroit, MI 48207 - Image 10
505 E GRAND Boulevard, Detroit, MI 48207 - Image 11

Commercial Property for sale in Detroit, MI

for $450,000. This 22,712 square foot building was built in 1937 on a lot size of 0.54.

Don't miss this amazing investment opportunity! This location and space makes your possibilities endless. As a former health care facility, the space is ready you to make your own. With over 40 rooms, the layout could work for many different business types. The property is just blocks away from Belle Isle and Detroit Riverfront. This 3 story property sits on a .5 acre lot, with a front paved entryway leading up to the front door. The building needs some TLC but the bones and layout make this a fantastic investment opportunity. Don't miss out....call today to schedule a private tour.

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Commercial Active

Price

$ 450,000

Property Type

Commercial

Taxes

$ 22,420

Style

RealEstateOnly

Lot Size

0.54

Year Built

1937

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20240003979
Features
General
Sewer PublicSewer
Possession AtClose
Construction Materials AluminumSiding Brick
Year Built 1937
Property Subtype RealEstateOnly
Current Use MedicalDental
County Wayne
Net Operating Income 0.0
Operating Expense 0.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name MORE THAN ONE SUBDIVISION INVOLVED
Garage Y/N N
Status Active
Directions Vernor to E Grand Blvd. Corner Property
City DetroitCity_Wayne
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial
MLS Area Area05053DetWoodwardMcclellanSoMack
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 22420.0
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 Vacant
Tax Assessed Value 259665
TaxOtherAnnualAssessmentAmount 100.0
Expected Active Date 2024-01-25
Legal Description W E GRAND BLVD 184 LOTHROP EST CO LTD SUB L24 P21 PLATS W C R 15/106 1&2 N 40 FT 3 F F PALMS SUB L25 P13 PLATS W C R 15/107 159.90 X 146.30
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Exterior
Water Source Community
Lot Size Area 0.54
Spa N
Building Area Total 22712.0
Lot Dimensions 160.00 x 146.00
Lot Size Acres 0.54
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 N
Fireplace Y/N N
Above Grade Finished Area 22712.0
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Internal Only
Street Number 1 505
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* Excluded Features
List By
Cara Pimer

Listing Agent

Source Realty Llc

Broker

(734) 285-0300

Phone

Affordability Calculator

$4,676
Per Month
60%
40%
0%
Monthly Principal & Interest
$2,807
Monthly Property Taxes
$1,868
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
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Pricing History
DatePricePrice ChangeDescription
2/21/2025$450,000 -9.98% Price Down
7/19/2024$499,900 -13.06% Price Down
6/14/2024$575,000 -11.52% Price Down
3/26/2024$649,900 -7.14% Price Down
1/25/2024$699,900 Listed Price

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505 E GRAND Boulevard, Detroit, MI, 48207 is a Commercial Property for sale at $450,000 with 22,712 sqft and a lot size of 0.54. 505 E GRAND Boulevard was built in 1937. The property's zip code is 48207 which is in Detroit, MI

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