22755 GRAND RIVER Avenue Detroit, MI $ 624,999
22755 GRAND RIVER Avenue
$ 624,999
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22755 GRAND RIVER Avenue

Detroit, MI, 48219
$ 624,999
Bedrooms-- Baths-- Sq 8,019

Monthly Estimate*

$ 3,899

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Commercial Property for sale in Detroit, MI

for $624,999. This 8,019 square foot building was built in 1915 on a lot size of 0.41.

In the Oak Grove District adjacent The Greater Sandhill area of Melvern Hills in Detroit on Historic Grand River Avenue on almost a half acre of land! Very unique investment opportunity includes an operating Inn, a PALACE house and partitioned 2bd room studio style Apartment for use...the new owner will be Triple Crowned with multiple income producing opportunities within a gated location. The River Rouge Inn and PALACE House has newer 3Dimensional style roof, some newer model windows a sizable backyard area and CCTV security camera/video monitoring. 12 fully operational Inn rooms a few recently redesigned. PALACE House has ceramic tiled flooring in Kitchen and Bathroom. Stainless steel appliances, stainless steel Apron Kitchen sink within granite countertops and matching center island in enough space for comfortable dining. PALACE House has partitioned rear 2 bedroom studio style apartment as staff living quarters can be used as additional rental unit. PALACE House has onsite laundry facility and more room units in lower area. Walking distance to US Post Office, The Redford Theatre, Citizens Bank, Miejer Supermarket and a NEW Community Financial Credit Union being built on Grand River Ave between Cooley and Northrop....this area is going through tons of development and growth. Close to public transportation, major highway and other points of interest. A straight drive Downtown, the River Rouge Inn and PALACE new owner will have more business opportunity and expansion for investment; AirBNB, assisted living home, veteran care facility, ect. Contact your agent today to schedule your tour. Shown with advance notice by appointment only to qualified buyers. Property sold "as is" with Warranty Deed transfer. $495 Office transaction fee buyer payable at closing.

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Commercial Active

Price

$ 624,999

Property Type

Commercial

Taxes

$ 6,229

Style

BusinessandRealEstate

Lot Size

0.41

Year Built

1915

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20240086652

Features
General
Sewer PublicSewer
Heating ForcedAir HotWater NaturalGas
Cooling WallWindowUnits
Utilities AboveGroundUtilities
Possession AtClose
Roof Asphalt BuiltUp
Security Features ClosedCircuitCameras ExteriorVideoSurveillance FireAlarm SecurityFence SecuritySystem SmokeDetectors
Construction Materials AluminumSiding Brick VinylSiding
Year Built 1915
Electric Volts220 CircuitBreakers Fuses
Levels OneandOneHalf
Property Subtype BusinessandRealEstate
Current Use Commercial MixedUse MultiFamily Office Residential
Business Type Commercial HotelMotel Mixed ProfessionalOffice
County Wayne
Net Operating Income 313200.0
Operating Expense 36000.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name MORE THAN ONE LEGAL INVOLVED
Garage Y/N N
Building Features EmployeeLunchLounge OutsideLighting Other ProgrammableThermostat Sidewalks
Other Structures Other
Status Active
Directions From Grand River and Southfield Fwy travel Northwest up Grand River toward Lasher once past Lasher Rouge River Inn will be on the left side of street.
City DetroitCity_Wayne
Body of Water River Rouge
Disclosures ConformstoZoning NoRestrictions
Senior Community Y/N N
High School District Detroit
Zoning Description Commercial MultiFamily Office Residential
MLS Area Area05092DetJoyDbnHtGrnfldLimits
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 6229.0
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 MultipleOccupantTypes
Tax Assessed Value 74479
Expected Active Date 2025-01-24
Legal Description S GRAND RIVER 18 EXC E 50.50 FT EXC GRAND RIVER AS WD FAIR PLAINS SUB L26 P50 PLATS W C R 22/528 A EXC GRAND RIVER AS WD OAK GROVE SUB L29 P11 PLATS W C R 22/384 157.07 IRREG
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Exterior
Fencing Fenced Perimeter
Parking Features Lighted ParkingLot OnSite OnStreet Other
Water Source Public
Lot Size Area 0.41
Foundation Details Basement Block
Spa N
Building Area Total 8019.0
Lot Dimensions 157 x 115
Lot Size Acres 0.41
Waterfront Y/N N
Road Frontage Type Highway
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 8019.0
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Internal Only
Street Number 1 22755
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* Excluded Features
List By
Milton G Owens-Crawford

Listing Agent

Reach Realty Group

Broker

(313) 363-3991

Phone

Affordability Calculator

$4,418
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,899
Monthly Property Taxes
$519
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
10/4/2025$624,999 -5.30% Price Down
8/11/2025$659,999 -0.75% Price Down
7/18/2025$664,999 -1.48% Price Down
6/20/2025$674,999 -1.46% Price Down
3/29/2025$684,999 -2.14% Price Down
2/17/2025$699,999 -6.67% Price Down
1/17/2025$750,000 Listed Price

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22755 GRAND RIVER Avenue, Detroit, MI, 48219 is a Commercial Property for sale at $624,999 with 8,019 sqft and a lot size of 0.41. 22755 GRAND RIVER Avenue was built in 1915. The property's zip code is 48219 which is in Detroit, MI