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.
Property Details
Price:
$400,000
MLS #:
20250031339
Status:
Active
Beds:
0
Baths:
0
Address:
485 E GRAND BLVD
Type:
Commercial
Subtype:
Real Estate Only
Subdivision:
MORE THAN ONE SUBDIVISION INVOLVED
Neighborhood:
05053 – Det Woodward-Mcclellan/So Mack
City:
Detroit
Listed Date:
May 1, 2025
State:
MI
Finished Sq Ft:
2,884
Total Sq Ft:
2,884
ZIP:
48207
Lot Size:
11,761 sqft / 0.27 acres (approx)
Year Built:
1912
See this Listing
Meet Andrea Stephan, an accomplished real estate professional with industry experience and a heart dedicated to service. With a background in education, Andrea began her journey as a former teacher, where her passion for nurturing others blossomed. Transitioning seamlessly into the business world, Andrea played a pivotal role in building a property management company from the ground up. Her relentless dedication and innate ability to connect with others have been instrumental to her success. C…
More About AndreaMortgage Calculator
Schools
School District:
Detroit
Interior
Heating
Radiant
Exterior
Construction Materials
Brick
Roof
Asphalt
Financial
Taxes
$4,191
Map
Community
- Address485 E GRAND BLVD Detroit MI
- SubdivisionMORE THAN ONE SUBDIVISION INVOLVED
- CityDetroit
- CountyWayne
- Zip Code48207
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