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485 E Grand

Detroit, MI 48207
  • $400,000
  • STATUS: Active
  • ON SITE: 78 Days
  • MLS #: 20250031339
$400,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,884
    SQFT
  • $139
    $/SQFT
Neighborhood:
More Than One Subdivision Involved
Type:
Commercial
County:
Wayne
Area:
Detroit (82001)

School Ratings & Info

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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 residentsmany with over a decade of tenancywho 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.

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[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-07-18T23:50:34.767.
www.sellsmi.com/homes/163221544
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485 E Grand Detroit, MI 48207

  • Price: $400,000
  • Status: Active
  • On Site: 78 Days
  • MLS #: 20250031339
0
Beds
0
Baths
0
½ Baths
0.27
Acres
2,884
SQFT
$139
$/SQFT
Neighborhood:
More Than One Subdivision Involved
County:
Wayne
Area:
Detroit (82001)
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 residentsmany with over a decade of tenancywho 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.
Exterior Features

Exterior Construction Brick Foundation Type Basement Frontage 80 Lot Size 80.00 x 146.00 Roads Paved Street Roofing Asphalt Waterfront YN No

Interior Features

Basement YN No Commercial Features Fence Heating System Radiant Water Heater Gas

Property Features

Assessments Amount 100 Assessments YN Yes Commercial Type Commercial/Industrial Financial Terms CashConventional Lease YN No Municipality Detroit Occupant Charlie Siciliano Ownership Private SEV 96000 Sewer Septic Public Sanitary Subject To Short Sale Approval No Summer Tax Amount 3756 Taxable Value 48534 Total Tax Amount 4191 Water Public Water Winter Tax Amount 435 Zoning Commercial

Listing courtesy of @properties Christie's Int'l R.E. Birmingham : 248-850-8632.

Source MLS: MiRealSource
Originating MLS: Realcomp

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-07-18T23:50:34.767.
 
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The BRAND Real Estate
5400 Gateway Center Ste B
Mundy Twp MI, 48507