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    491 E Grand Blvd Detroit, MI 48207

    For Sale
    $399,999

    Real Estate Only - Detroit, MI

    Property size:
    3,990 SF
    Lot size:
    0.20 Acres
    Days on Market:
    59
    Last Refresh:
    Dec 5 at 4:06 pm

    Property Features for 491 E Grand Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    W15I008063S
    Size
    3,990 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Central, Forced Air, Radiant

    Building Details

    Year built
    1922
    Floors in Building
    3
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    eXp Realty LLC (888) 501-7085 [email protected]

    Listing agent Chad Apap (248) 937-1337

    Listing date Oct 8, 2025

    MLS# 20251042862 Listing URL

    Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Detroit Multi-Use Investment Opportunity

    This multi-use property in Detroit presents a rare investment opportunity. Zoned R5 with commercial office approval, the 3,990 square foot property offers the flexibility to convert into a multi-family building, apartments, or a single-family residence without rezoning. The 0.2-acre lot is ideally situated near downtown, providing quick access to restaurants, nightlife, and entertainment. The location also offers convenient proximity to Detroit Metro Airport and major expressways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Adam Shakoor & Associates Law Firm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.008903
    Latitude
    42.3568609

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile property near downtown Detroit with multi-family conversion potential.
    Where is this mixed-use property located?
    The property is located at 491 E Grand Blvd Detroit, MI.
    What is the asking price?
    The asking price for this property is $399,999.
    What are key features of this property?
    This property features: - Zoned R5 with commercial office approval, allowing for versatile use as multi-family, apartments, or single-family residence without rezoning.; - Prime location near downtown Detroit, offering easy access to restaurants, nightlife, and entertainment.; - Convenient proximity to Detroit Metro Airport and major expressways.
    (248) 937-1337
    Request Owner's contact information
    491 E Grand Blvd Detroit, MI 48207
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    Detroit, MI 48207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    491 E Grand Blvd Detroit, MI 48207
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