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    503 W Grand Blvd Detroit, MI 48216

    New
    For Sale
    $395,000

    Business And Real Estate - Detroit, MI

    Property size:
    4,389 SF
    Lot size:
    0.15 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 14 at 11:06 am

    Property Features for 503 W Grand Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    W14I008317C8
    Size
    4,389 SF
    Lot size
    0.15 Acres

    Building Details

    Year built
    1971
    Floors in Building
    1
    Building materials
    Brick
    Architectural style
    Other

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

    Listing agent Christopher Deighton (888) 501-7085

    Listing date Dec 11, 2025

    MLS# 20251009920 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 Medical Building Opportunity

    Located in Detroit, MI, the property at 503 W Grand Blvd presents an opportunity to own a vacant medical building. The property, with over 7,500 square feet of interior space, requires updates, offering investors and business owners the chance to create a custom space. The building includes multiple levels with large open rooms, private offices, and storage capacity. It is equipped with essential infrastructure for a medical facility, including plumbing, electrical, and HVAC systems. Situated on a busy street, the property offers visibility and access to public transportation. Its location is near major hospitals, universities, and downtown Detroit. The building's interior space allows for various business uses, from medical practices to creative studios or office areas. The lot size is 0.15 acres, and the property size is 4,389 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -83.0900799
    Latitude
    42.3231819

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    FAQs

    What type of property is this?
    Medical office - Vacant medical building in Detroit, MI, ready for customization.
    Where is this medical office located?
    The property is located at 503 W Grand Blvd Detroit, MI.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Prime location on W Grand Blvd in the heart of Detroit, offering excellent visibility and access to public transportation.; - Spacious interior with over 7,500 square feet, suitable for various business types (medical, creative, office).; - Equipped with essential infrastructure for a medical facility: plumbing, electrical, and HVAC systems.
    (888) 501-7085
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    Detroit, MI 48216
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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
    503 W Grand Blvd Detroit, MI 48216
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