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491 E GRAND Boulevard Detroit, MI $ 399,999
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$ 399,999 Get more info
491 E GRAND Boulevard
$ 399,999
Back to search
Share Save

491 E GRAND Boulevard

Detroit, MI, 48207
$ 399,999
Bedrooms-- Baths-- Sq 3,904

Monthly Estimate*

$ 2,495

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Commercial Property for sale in Detroit, MI

for $399,999. This 3,904 square foot building was built in 1922 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.

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Commercial Active

Price

$ 399,999

Property Type

Commercial

Taxes

$ 3,891

Style

RealEstateOnly

Lot Size

0.2

Year Built

1922

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251042862
Features
General
Sewer SewerAtStreet
Heating ForcedAir Radiant
Cooling CentralAir
Possession AtClose
Roof Asphalt
Garage Spaces 0.0
Security Features SecuritySystem SmokeDetectors
Construction Materials Brick
Year Built 1922
Levels Three
Property Subtype RealEstateOnly
Current Use Office
Business Type Commercial
Accessibility AccessibleApproachWithRamp
County Wayne
Net Operating Income 1.0
Operating Expense 0.0
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name PALMS F F
Garage Y/N N
Building Features ProgrammableThermostat SatelliteDish
Status Active
Directions Traveling east on Jefferson to street (left) to address
City DetroitCity_Wayne
Disclosures NoRestrictions
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 3891.0
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 44978
Expected Active Date 2025-10-07
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
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Exterior
Fencing Fenced
Water Source Public
Foundation Details Basement Block
Spa N
Building Area Total 3990.0
Lot Dimensions 60.00 x 146.00
Lot Size Acres 0.2
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 Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 3904.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 491
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* Excluded Features
List By
Chad Apap

Listing Agent

Exp Z Real Estate

Broker

(248) 937-1337

Phone

Affordability Calculator

$2,820
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,495
Monthly Property Taxes
$324
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
10/7/2025$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 3,904 sqft and a lot size of 0.2. 491 E GRAND Boulevard was built in 1922. The property's zip code is 48207 which is in Detroit, MI

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