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485 E GRAND Boulevard Detroit, MI $ 365,000
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$ 365,000 Get more info
485 E GRAND Boulevard
$ 365,000
Back to search
Share Save

485 E GRAND Boulevard

Detroit, MI, 48207
$ 365,000
Bedrooms-- Baths-- Sq 2,884

Monthly Estimate*

$ 2,277

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Commercial Property for sale in Detroit, MI

for $365,000. This 2,884 square foot building was built in 1912 on a lot size of 0.27.

Incredible investment opportunity in the heart of Island View! This massive multi-unit residence has served as a licensed adult foster care facility for over 50 years and was previously approved for up to 20 residents. The property is currently tenant-occupied with ten long-term residents—many with over a decade of tenancy—who would love to stay. With nine spacious bedrooms, four full bathrooms, and two half baths, the floor plan offers flexibility and scale. Just minutes from Belle Isle, downtown Detroit, and the bustling West Village, this property is perfect for investors seeking cash flow and long-term upside in a rapidly developing neighborhood.

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Commercial Active

Price

$ 365,000

Property Type

Commercial

Taxes

$ 4,191

Style

RealEstateOnly

Lot Size

0.27

Year Built

1912

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20250031339
Features
General
Sewer PublicSewer
Heating Radiant
Possession SeeRemarks
Roof Asphalt
Construction Materials Brick
Year Built 1912
Levels Three
Property Subtype RealEstateOnly
Current Use Commercial MultiFamily
County Wayne
Net Operating Income 62904.0
Operating Expense 48180.0
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 Kercheval to Grand Blvd
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 4191.0
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 48534
TaxOtherAnnualAssessmentAmount 100.0
Expected Active Date 2025-05-01
Legal Description W E GRAND BLVD 6 F F PALMS SUB L25 P13 PLATS W C R 15/107 E 146.30 FT OF N 25.06 FT 25 J B MC KAYS SUB L333 P304 DEEDS W C R 15/152 80.06 X 146.30
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Exterior
Fencing Fenced
Water Source Public
Lot Size Area 0.27
Foundation Details Basement Block
Spa N
Building Area Total 2884.0
Lot Dimensions 80.00 x 146.00
Lot Size Acres 0.27
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) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2884.0
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Internal Only
Street Number 1 485
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* Excluded Features
List By
Charles A Siciliano

Listing Agent

@Properties Christie's Int'l R.E. Birmingham

Broker

(248) 385-7788

Phone

Affordability Calculator

$2,626
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,277
Monthly Property Taxes
$349
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/10/2025$365,000 -8.75% Price Down
5/1/2025$400,000 Listed Price

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485 E GRAND Boulevard, Detroit, MI, 48207 is a Commercial Property for sale at $365,000 with 2,884 sqft and a lot size of 0.27. 485 E GRAND Boulevard was built in 1912. The property's zip code is 48207 which is in Detroit, MI

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