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    Operating Inn and Palace House
    Updated: Jan 17, 2025
    Operating Inn and Palace House

    22755 GRAND RIVER Avenue, Detroit, MI 48219

    $624,999
    8,019 sqft 0.41 AC lot
    Multiple income streams from the operating Inn, Palace House, and a partitioned 2‑bedroom studio apartment.
    Prime location in the Oak Grove District, adjacent to The Greater Sandhill area, on Historic Grand River Avenue, near developing area.
    Large lot: Almost a half acre of land within a gated location.
    Palace House features ceramic tile, stainless steel appliances, granite countertops, and center island.
    Security features include CCTV security camera/video monitoring.
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    This listing looks promising.

    Here's a quick look at some key insights for

    22755 GRAND RIVER Avenue, Detroit City, MI 48219

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    • Est. Cap Rate

      7.7%
      Above avg (5.9%)

    • Est. NOI

      $48K
      Annual

    • Price @ 7% Cap

      $690K
      Above asking

    • Last Sold

      Oct 2024
      $225K

    • Property Type

      Residential Income
      Built 1915
    View Property Analytics
    Historic Two-Story Mixed-Use Building
    Updated: Jun 3
    Historic Two-Story Mixed-Use Building

    209 Main St, Belleville, MI 48111

    $500,000
    7,000 sqft
    7000+ SF two‑story commercial building built in 1889
    Wide open areas plus enclosed offices, kitchenettes, and multiple restrooms
    Zoned commercial (City of Belleville B‑2 Central Business District) with many permitted uses
    High‑traffic corner lot on Main Street in downtown Belleville
    Ample parking with a 6‑car attached garage and Porte cochere; street parking also available
    View details
    Based on your search, we've compiled 2 Potential Opportunities for your consideration. Besides 2 Active listings in Wayne County, MI, we suggest exploring several alternatives:

    Wayne County, MI Bed & Breakfasts Market Trends and Statistics

    Explore 2 bed & breakfasts for sale in Wayne County, MI on our real estate platform. These investment opportunities span a total of 15,019 square feet of properties for sale, with an estimated market value of $1,124,999.

    Sale prices for inns in Wayne County, MI start at $500,000, averaging $562,499, and reaching up to $624,999 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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