485 E GRAND Boulevard Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48207 3636
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,884 sqft
Price per Sqft $138
Subdivision Mi
MLS Listing ID 60390649
Annual Tax Amount $4,191
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 80.00 x 146.00
Property Sub-Type Commercial/Industrial
Property Description
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.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Commercial
Interior
Heating Radiant
Exterior
Roof Type Asphalt
Building
Foundation Basement
Water Public Water
Structure Type Brick
Others
Ownership Private
Assessment Amount $100
Financing Cash,Conventional