900 E Grand Boulevard Detroit, MI ^$ 470,000

900 E Grand Boulevard

^$ 470,000

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900 E Grand Boulevard

Detroit, MI, 48207

^$ 470,000

Bedrooms-- Baths-- Sq 4,934

Monthly Estimate*

^$ 2,932

900 E Grand Boulevard, Detroit, MI 48207 - Image 1

900 E Grand Boulevard, Detroit, MI 48207 - Image 2

900 E Grand Boulevard, Detroit, MI 48207 - Image 3

900 E Grand Boulevard, Detroit, MI 48207 - Image 4

900 E Grand Boulevard, Detroit, MI 48207 - Image 5

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900 E Grand Boulevard, Detroit, MI 48207 - Image 7

900 E Grand Boulevard, Detroit, MI 48207 - Image 8

900 E Grand Boulevard, Detroit, MI 48207 - Image 9

900 E Grand Boulevard, Detroit, MI 48207 - Image 10

Commercial Property for sale in Detroit, MI

for $470,000. This 4,934 square foot building was built on a lot size of 0.3.

Fully-occupied 5-unit apartment building producing $62,400/year in gross rental income. Consisting of four 2-bedroom units (1,200 SF each) leased at $1,000/mo and one 3-bedroom (1,700 SF) leased at $1,200/mo. Landlord pays water; tenants pay gas and electric. Rents remain below market, providing strong upside potential in Detroit's revitalizing Islandview / West Village corridor. Highlights Ã¢â¬Â¢ 100% occupancy with stable tenants Ã¢â¬Â¢ Below market rent Ã¢â¬â significant upside Ã¢â¬Â¢ Cap rate 8.3% with growth potential to 10% Ã¢â¬Â¢ Landlord only pays water Ã¢â¬â low expense ratio Ã¢â¬Â¢ Proximity to Belle Isle, Jefferson Corridor, and Downtown Detroit Ã¢â¬Â¢ Updated interiors and long-term tenant stability

Commercial Active

Price

^$ 470,000

Property Type

Commercial

Taxes

^$ 5,510

Style

Commercial/Industrial

Lot Size

0.3

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60947690

Features

General

Heating Forced Air

Possession At Close

Roof Asphalt

Water Public Water

Status Active Active

Year Built 19

Subdivision Assessors Of Lts 1 To 65 Incl Pt 66 Etc MI

Water Heater Gas

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Ownership Private

Municipality Detroit

Zoning Multi-Family Commercial Residential

Sale/Rent For Sale

Status Detail 0

Commercial Features 220 Volt Power Fence

Area Detroit (82001)

Primary City Detroit

Directions Continue on M-3/Gratiot Ave. Take Mack Ave to E Grand Blvd

City Detroit

Financial Terms Cash Conventional Exchange/Trade

Legal Description E E GRAND BLVD 58 ASSESSORS PLAT OF PT OF PC 678 L66 P52 PLATS W C R 15/276 60 X 134

DOM 43

Postal Code 48207

Price Per Sq Ft Total AG 95.26

Public Remarks Fully-occupied 5-unit apartment building producing $62 400/year in gross rental income. Consisting of four 2-bedroom units (1 200 SF each) leased at $1 000/mo and one 3-bedroom (1

Exterior

Exterior Vinyl Siding

Frontage 93

Lot Size Area 0.3

Lot Dimensions 93.00X134.00

Roads Paved Street

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Jiryes Jarrous

Listing Agent

Century 21 Curran & Oberski

Broker

georgejarrous.c21@gmail.com

Affordability Calculator

$3,391

Per Month

Monthly Principal & Interest: $2,932
Monthly Property Taxes: $459
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 6%

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
11/26/2025	$470,000	-4.08%	Price Down
10/23/2025	$490,000		Listed Price

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900 E Grand Boulevard, Detroit, MI, 48207 is a Commercial Property for sale at $470,000 with 4,934 sqft and a lot size of 0.3. 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.

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900 E Grand Boulevard

Commercial Property for sale in Detroit, MI

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