505 E GRAND Boulevard Detroit, MI ^$ 450,000

505 E GRAND Boulevard

^$ 450,000

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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 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.

Commercial Active

Price

^$ 450,000

Property Type

Commercial

Taxes

^$ 22,420

Style

Commercial/Industrial

Lot Size

0.54

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60284465

Features

General

Possession At Close

Water Community

Status Active Active

Year Built 19

Subdivision MORE THAN ONE SUBDIVISION INVOLVED MI

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership Private

Municipality Detroit

Zoning Commercial

Sale/Rent For Sale

Status Detail 0

Area Detroit (82001)

Primary City Detroit

Directions Vernor to E Grand Blvd. Corner Property

City Detroit

Financial Terms Cash Conventional

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

DOM 678

Postal Code 48207

Price Per Sq Ft Total AG 19.81

Public Remarks 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

Exterior

Exterior Brick Log

Frontage 100

Lot Size Area 0.54

Lot Dimensions 160.00 x 146.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Cara Pimer

Listing Agent

Source Realty Llc

Broker

cara@sourcerealty.net

Affordability Calculator

$4,676

Per Month

Monthly Principal & Interest: $2,807
Monthly Property Taxes: $1,868
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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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THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$496,505

Percent of Sale Price 10%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
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. The property's zip code is 48207 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

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505 E GRAND Boulevard

Commercial Property for sale in Detroit, MI

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