485 E GRAND Boulevard Detroit, MI ^$ 365,000

485 E GRAND Boulevard

^$ 365,000

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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 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.

Commercial Active

Price

^$ 365,000

Property Type

Commercial

Taxes

^$ 4,191

Style

Commercial/Industrial

Lot Size

0.27

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60390649

Features

General

Heating Radiant

Possession See Remarks (Possession)

Roof Asphalt

Water Public Water

Status Active Active

Year Built 19

Subdivision MORE THAN ONE SUBDIVISION INVOLVED 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

Directions Kercheval to Grand Blvd

City Detroit

Financial Terms Cash

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

DOM 184

Postal Code 48207

Price Per Sq Ft Total AG 126.56

Public Remarks

Exterior

Exterior Brick

Frontage 80

Lot Size Area 0.27

Lot Dimensions 80.00 x 146.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Charles Siciliano

Listing Agent

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

Broker

charlie@thesicilianogroup.com

Affordability Calculator

$2,626

Per Month

Monthly Principal & Interest: $2,277
Monthly Property Taxes: $349
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 ^$500,502

Percent of Sale Price 37%

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
10/10/2025	$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. 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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485 E GRAND Boulevard

Commercial Property for sale in Detroit, MI

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