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Colonial Apartment Building
For Sale
$399,999

491 E GRAND Boulevard, Detroit, MI 48207

MULTI_FAMILY - Colonial - Detroit, MI

Property Size3,904 SF
Lot Size0.20 Acres
Price / SF$102.46
Days on Market307

Property Features for 491 E GRAND Boulevard

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Commercial
Bathrooms 5
Full bathrooms 4
Half bathrooms 2
Rooms Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 2, Basement
Security features Security Alarm, Security
Pets allowed Call
Interior features Carbon Monoxide Alarm(s), Security Alarm (rented)
Exterior features Fenced, Security Patrol
Fencing Fenced
Subdivision PALMS F F
Elementary school district Detroit
Middle school district Detroit
High school district Detroit
Directions Traveling east on Jefferson to street (left) to address
Standard status Active
APN W15I008063S
Size 3,904 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Description W E GRD BLVD S 10 FT 4 5 F F PALMS SUB L25 P13 PLATS, W C R 15/107 60 X 146.30
Tax Annual Amount 3782
Legal Description W E GRD BLVD S 10 FT 4 5 F F PALMS SUB L25 P13 PLATS, W C R 15/107 60 X 146.30

Utilities

Heating system Forced Air, Radiant
Cooling system Central Air
Water source Public

Building Details

Year built 1922
Floors in Building 3
Number of units 10
Building materials Brick
Architectural style Colonial
Listing Agency: EXP Z Real Estate
Listed By: Chad Apap · License #6501429996
Added: Oct 7, 2025 Changed: Aug 3 Last Checked: Aug 9 at 2:06PM
MLS# 20251042860

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Brick colonial apartment building built in 1922, offered as a multi-use investment property. The building includes a basement and multiple bathrooms, and features heating systems with forced air and radiant heat along with central air conditioning.

Exterior features include fencing, and security support is reflected by a security patrol. Interior amenities include carbon monoxide alarm(s) and a security alarm (rented). Water service is provided by public utilities.

The property is located at 491 E GRAND Boulevard, Detroit, MI 48207, in Wayne County, with zoning listed as Commercial. The site sits on a 0.2-acre lot and has a property size of 3,904 square feet.

Key Highlights

  • 0.2‑acre lot
  • 3,904 sq. ft. building size
  • Built in 1922

Property 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

97
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick apartment building on a 0.2-acre lot with central air, forced air and radiant heat, and fenced security features.
Where is this apartment building located?
The property is located at 491 E GRAND Boulevard 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: 0.2‑acre lot; 3,904 sq. ft. building size; Built in 1922
More about this property
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