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Commercial Mixed-Use Property

491 E Grand Boulevard, Detroit, MI 48207

For Sale
New
$390,000

Commercial zoning is in place at this Detroit property.

Property Size3,990 SF
Price / SF$97.74
Days on Market4

Property Features for 491 E Grand Boulevard

General Information

Standard status Active
Size 3,990 SF
Property subtype Commercial
Zoning Commercial

Site & Location

Neighborhood Islandview
Highway Access Yes

Taxes and HOA fees

Annual Taxes $3,891

Building Details

Building Size 3,990 SF
Year Built 1922
Listing Agency: EXP Z Real Estate
Listed By: Chad Apap · License MI #6501429996
Source: Homeflexrealty
Added: Nov 10 Last Checked: Nov 13 at 1:18PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Z Real Estate

Rey
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Investment Insights

Based on property information with market context.

Located at 491 E Grand Boulevard in Detroit, this mixed-use property was built in 1922 and is zoned Commercial. Its classification supports a commercial property profile in the city. The supplied property information identifies the asset as mixed-use but does not specify its interior layout or improvements.

Key Highlights

  • Commercial zoning
  • Built in 1922
  • 491 E Grand Boulevard address in Detroit

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Adam Shakoor & Associates Law Firm

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Spa & Massage Center Skin Care Clinic Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

589
Businesses Nearby

Demographics for 48207, MI

21,704
Population
13,026
Households
1.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,445
Density / Sq Mi
$44,561
Median Household Income
$43,377
Median Earnings
$1,040
Median Rent
$193,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Mixed-use properties in Detroit, MI

$164 Jul
$75.95 Aug
$80.41 Sep
$125 Oct

Properties on Market for Mixed-use properties in Detroit

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial zoning is in place at this Detroit property.
Where is this mixed-use property located?
The property is located at 491 E Grand Boulevard Detroit, MI.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Commercial zoning; Built in 1922; 491 E Grand Boulevard address in Detroit
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Includes: Price & PSF · Cap rate · Location · Zoning

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