Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    491 E Grand Blvd Detroit, MI 48207

    For Sale
    $399,999

    Colonial - Detroit, MI

    Property size:
    3,904 SF
    Lot size:
    0.20 Acres
    Days on Market:
    66
    Last Refresh:
    Dec 13 at 11:06 am

    Property Features for 491 E Grand Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security Alarm
    Zoning
    Commercial
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    6
    APN
    W15I008063S
    Parking features
    Garage
    Interior features
    Carbon Monoxide Alarm(s), Security Alarm (rented)
    Exterior features
    Fenced, Security Patrol
    Fencing
    Fenced
    Basement Y/N
    1
    Size
    3,904 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas, Radiant
    Cooling system
    Central Air

    Building Details

    Year built
    1922
    Floors in Building
    3
    Building materials
    Brick
    Architectural style
    Colonial

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

    Listing agent Chad Apap (248) 937-1337

    Listing date Oct 9, 2025

    MLS# 20251042860 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 3,904 square foot property offers the flexibility to convert into a multi-family building, apartments, or a single-family residence without rezoning. The property is situated on a 0.2-acre lot. Located near downtown, it provides access to restaurants, nightlife, and entertainment, as well as 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

    Nearby Similar for Sale

    • New
      $4,500,000
      48,336 SF

      Detroit Multifamily Investment Opportunity

      Sixty-unit apartment complex near Dearborn, MI, with Section 8 tenants.
      15860 Joy Rd, Detroit, MI 48228
      View Details
    • $4,500,000
      36,221 SF

      Detroit Multifamily Investment Opportunity

      Sixty-unit multifamily property in Detroit's Oakman Boulevard neighborhood.
      15860 Joy Rd, Detroit, MI 48228
      View Details
    • $2,238,350
      24,912 SF

      Detroit Investment Property Package Deal

      Package deal featuring tenant-occupied and vacant homes in Detroit.
      326 Eastlawn St, Detroit, MI 48215
      View Details
    • $425,000
      6,616 SF

      Farwell Commercial/Industrial Property For Sale

      Office, business center, and bay garages in Farwell, Michigan.
      2655 W Ludington Dr, Farwell, MI 48622
      View Details
    • $345,000
      0.12 Acres

      Detroit Duplex in Boston-Edison

      Well-maintained duplex with strong rental potential in Historic Boston-Edison.
      1665 Atkinson St, Detroit, MI 48206
      View Details
    • $1,499,000
      3,800 SF

      Turn-Key Dispensary on Large Lot

      Fully licensed dispensary with drive-thru and ample parking for sale.
      5540 E 8 Mile Rd E, Detroit, MI 48091
      View Details

    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: - R5 zoning with commercial office approval allows for versatile use as multi-family, apartments, or single-family residence without rezoning.; - Prime location near downtown Detroit with 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
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    491 E Grand Blvd
    Detroit, MI 48207
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.