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    Detroit, MI
    Hospitality

    Detroit, MI Hospitality Properties for Sale

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    Marysville, MI Ecorse, MI Grosse Pointe Park, MI Hamtramck, MI Highland Park, MI Dearborn, MI River Rouge, MI Grosse Pointe, MI
    6 properties
    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
    Former Hotel Redevelopment Opportunity
    Updated: Dec 16, 2024
    Former Hotel Redevelopment Opportunity

    2250 14th St, Detroit, MI 48216

    $10,000,000
    45,892 sqft
    Four‑story former hotel built in 1923
    93 rooms throughout the property
    Commercial space on the 1st floor
    3,743 sq. ft. basement area
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    Residential Income Property
    Residential Income Property

    315 Burns Drive, Detroit, MI 48214

    Contact for pricing
    140,000 sqft

    For sale residential income property at 315 Burns Drive in Detroit, with a reported size of 140,000.

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    Hotel with Tavern & Liquor License
    Hotel with Tavern & Liquor License

    2305 Park Avenue, Detroit, MI 48201

    Contact for pricing

    A 13-story, 180-room hotel featuring the Town Pump Tavern and an accompanying liquor license.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Detroit Motel For Sale
    Detroit Motel For Sale

    20500 James Couzens Fwy, Detroit, MI 48235

    Contact for pricing
    34,065 sqft

    101-room motel on prime real estate in Detroit.

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    Midtown Development Opportunity
    Midtown Development Opportunity

    470 Martin Luther King Jr Blvd, Detroit, MI 48201

    Contact for pricing
    200 sqft

    Motel suitable for redevelopment into an apartment building.

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    Based on your search, we've compiled 63 Potential Opportunities for your consideration. Besides 6 Active listings in Detroit, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 49 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Warren Multifaceted Investment Opportunity
    Warren Multifaceted Investment Opportunity

    28710 VAN DYKE Ave, Warren, MI 48093

    $2,200,000
    1.00 AC lot

    20-unit motel, house, restaurant, and apartment complex for sale.

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    Profitable Motel Investment Opportunity
    Profitable Motel Investment Opportunity

    13450 dix toledo Rd, Southgate, MI 48195

    $699,000
    0.28 AC lot

    15-unit motel with manager's apartment, high cap rate.

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    Warren Investment Opportunity: Motel, Restaurant
    Warren Investment Opportunity: Motel, Restaurant

    28710 Van Dyke Ave, Warren, MI 48093

    Contact for pricing
    7,335 sqft 0.88 AC lot

    Mixed-use property with motel, restaurant, house, and apartment.

    View details
    Comfort Suites Southgate Investment Opportunity
    Comfort Suites Southgate Investment Opportunity

    18950 Northline Rd, Southgate, MI 48195

    Contact for pricing
    46,660 sqft

    Profitable hospitality property in a growing market, Southgate, Michigan.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Romulus Retail Development Opportunity
    Romulus Retail Development Opportunity

    32870 Wick Road |, Romulus, MI 48174

    Contact for pricing
    30.00 AC lot

    Highway service retail development site near Detroit Metropolitan Airport.

    View details
    Corner Commercial Land
    Corner Commercial Land

    7125 N LILLEY Road, Canton Twp, MI 48187

    $550,000
    0.60 AC lot

    Commercially zoned corner parcel with separate access points from Lilley Road and Warren Road.

    View details
    Vacant Land on Telegraph Road
    Vacant Land on Telegraph Road

    27200 TELEGRAPH, Flat Rock, MI 48134

    $74,900

    Commercial land with high visibility and business potential.

    View details
    Prime Location Commercial Land Available
    Prime Location Commercial Land Available

    2750 E Michigan Ave, Ypsilanti, MI 48198

    $675,000

    Commercial land near Amazon facility, Detroit Airport, and Ann Arbor.

    View details

    Off-Market Properties in Detroit, MI

    Consider similar Off-Market properties in Detroit, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    21350 Mcnichols Rd
    MOTEL

    21350 Mcnichols Rd, Detroit, MI 48219-3974

    $440,000
    Estimated value
    18,097 sqft 0.77 AC lot
    View details
    14300 Telegraph Rd
    MOTEL

    14300 Telegraph Rd, Redford, MI 48239-3360

    $850,000
    Estimated value
    27,850 sqft 1.98 AC lot
    View details
    22440 Plymouth Rd
    MOTEL

    22440 Plymouth Rd, Redford, MI 48239-1321

    $205,000
    Estimated value
    6,359 sqft 0.17 AC lot
    View details
    20500 James Couzens Fwy
    MOTEL

    20500 James Couzens Fwy, Detroit, MI 48235-1848

    $445,000
    Estimated value
    34,380 sqft 1.40 AC lot
    View details
    33 John R St
    HOTEL

    33 John R St, Detroit, MI 48226-2104

    $505,000
    Estimated value
    104,931 sqft 0.17 AC lot
    View details
    25255 Grand Riv Ave
    MOTEL

    25255 Grand Riv Ave, Redford, MI 48240-1404

    $1,500,000
    Estimated value
    32,036 sqft 1.34 AC lot
    View details
    20266 Woodward Ave
    MOTEL

    20266 Woodward Ave, Detroit, MI 48203-1083

    $380,000
    Estimated value
    9,987 sqft 0.36 AC lot
    View details
    5777 Southfield Fwy
    MOTEL

    5777 Southfield Fwy, Detroit, MI 48228-3887

    $6,650,000
    Estimated value
    68,198 sqft 4.22 AC lot
    View details
    1730 8th Mile Rd
    MOTEL

    1730 8th Mile Rd, Detroit, MI 48203-1260

    $485,000
    Estimated value
    7,461 sqft 0.34 AC lot
    View details
    16920 Telegraph Rd
    MOTEL

    16920 Telegraph Rd, Detroit, MI 48219-3731

    $1,770,000
    Estimated value
    20,557 sqft 1.16 AC lot
    View details
    12510 8th Mile Rd
    MOTEL

    12510 8th Mile Rd, Detroit, MI 48205-1046

    $280,000
    Estimated value
    12,558 sqft 0.36 AC lot
    View details
    9939 Telegraph Rd
    MOTEL

    9939 Telegraph Rd, Redford, MI 48239-1421

    $2,170,000
    Estimated value
    17,313 sqft 2.12 AC lot
    View details
    26825 Grand Riv Ave
    MOTEL

    26825 Grand Riv Ave, Redford, MI 48240-1544

    $705,000
    Estimated value
    11,982 sqft 0.28 AC lot
    View details
    9430 Michigan Ave
    MOTEL

    9430 Michigan Ave, Detroit, MI 48210-2041

    $310,000
    Estimated value
    13,992 sqft 0.70 AC lot
    View details
    1500 Grand Blvd
    MOTEL

    1500 Grand Blvd, Detroit, MI 48211-3450

    $90,000
    Estimated value
    6,307 sqft 0.20 AC lot
    View details
    2211 Grand Blvd
    MOTEL

    2211 Grand Blvd, Detroit, MI 48208-1115

    $610,000
    Estimated value
    19,369 sqft 0.72 AC lot
    View details
    315 Burns Dr
    HOTEL

    315 Burns Dr, Detroit, MI 48214

    $6,450,000
    Estimated value
    186,277 sqft 1.21 AC lot
    View details
    12291 Harper Ave
    MOTEL

    12291 Harper Ave, Detroit, MI 48213-1732

    $445,000
    Estimated value
    14,524 sqft 0.46 AC lot
    View details

    Detroit, MI Hospitality Properties Market Trends and Statistics

    Explore 55 hospitality properties for sale in Detroit, MI, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 228,176 square feet of properties for sale, with an estimated market value of $10,624,999.

    Sale prices for hospitality properties in Detroit, MI start at $624,999, averaging $5,312,499, and reaching up to $10,000,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 4
    Campgrounds 2
    Motels 2
    Bed & breakfasts 1

    Demographics Overview

    Population 850K
    Population Growth (5Y) -4.2%
    Median Household Income $48,716
    College Educated 21.2%

    High-Yield Neighborhoods for Investment

    Identify Detroit submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48216 $10M

    Taxes & Financing

    Tax Rate (average for all types) 3.32%
    Property Tax per SF $36.71 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Wayne County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Detroit fall within the 10,000 to 25,000 square foot range.

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    Most Searched ZIP Codes in Detroit, MI

    • 48201
    • 48214
    • 48216
    • 48219
    • 48235

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