491 E GRAND Boulevard Detroit, MI ^$ 399,999

491 E GRAND Boulevard

^$ 399,999

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491 E GRAND Boulevard

Detroit, MI, 48207

^$ 399,999

Bedrooms-- Baths-- Sq 3,990

Monthly Estimate*

^$ 2,495

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Commercial Property for sale in Detroit, MI

for $399,999. This 3,990 square foot building was built on a lot size of 0.2.

Discover a rare investment opportunity in the heart of Detroit with this versatile multi-use property. Zoned R5 with commercial office approval, it offers the flexibility to convert into a multi-family building, apartments, or a single-family residence - all without the need for rezoning. Ideally situated near downtown, this property provides quick access to restaurants, nightlife, and entertainment, plus convenient proximity to Detroit Metro Airport and major expressways. A prime location with exceptional potential for a variety of uses.

Commercial Active

Price

^$ 399,999

Property Type

Commercial

Taxes

^$ 3,891

Style

Commercial/Industrial

Lot Size

0.2

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60943253

Features

General

Heating Forced Air Radiant

Possession At Close

Roof Asphalt

Water Public Water

Status Active Active

Year Built 19

Subdivision PALMS F F MI

Water Heater Gas

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership Private

Municipality Detroit

Zoning Commercial

Sale/Rent For Sale

Status Detail 0

Commercial Features Fence

Area Detroit (82001)

Primary City Detroit

Virtual Tour https://www.zillow.com/view-imx/c0790934-6a6e-44bc-b020-3f108fe2fda3?wl=true&setAttribution=mls&initialViewType=pano

Directions Traveling east on Jefferson to street (left) to address

City Detroit

Financial Terms Cash Conventional

Legal Description W E GRD BLVD S 10 FT 4 5 F F PALMS SUB L25 P13 PLATS W C R 15/107 60 X 146.30

DOM 57

Postal Code 48207

Price Per Sq Ft Total AG 100.25

Public Remarks Discover a rare investment opportunity in the heart of Detroit with this versatile multi-use property. Zoned R5 with commercial office approval

Exterior

Exterior Brick

Frontage 60

Lot Size Area 0.2

Lot Dimensions 60.00 x 146.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Chad Apap

Listing Agent

Exp Z Real Estate

Broker

chad@soldbymarkz.com

Affordability Calculator

$2,820

Per Month

Monthly Principal & Interest: $2,495
Monthly Property Taxes: $324
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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Nearby

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$496,505

Percent of Sale Price 24%

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
10/7/2025	$399,999		Listed Price

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491 E GRAND Boulevard, Detroit, MI, 48207 is a Commercial Property for sale at $399,999 with 3,990 sqft and a lot size of 0.2. 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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491 E GRAND Boulevard

Commercial Property for sale in Detroit, MI

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