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Three-Story Brick Apartment Building
For Sale
$399,999

491 E GRAND Boulevard, Detroit, MI 48207

Multifamily, 3 Story, Detroit, MI

Property Size3,904 SF
Lot Size0.20 Acres
Price / SF$102.46
Days on Market336

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 2, Basement, Bathroom 1, Bathroom 3, Bathroom 4
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 Radiant, Forced Air
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: Sep 5 Last Checked: Sep 7 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.

This three-story apartment building contains 3,904 square feet on a 0.2-acre lot. Built in 1922, the property features brick construction, Colonial architectural styling, a basement, and four bathrooms. Interior systems include central air conditioning, forced-air heating, and radiant heating, with public water service. Carbon monoxide detection and a rented security alarm are installed, while the exterior includes fencing and security patrol service.

Located at 491 E GRAND Boulevard in Detroit, the property is near downtown, restaurants, nightlife, and entertainment. It also offers proximity to Detroit Metro Airport and major expressways. Commercial zoning is in place for the property.

Key Highlights

  • 3,904‑square‑foot apartment building on a 0.2‑acre lot
  • Three‑story brick construction completed in 1922
  • Commercial zoning in Detroit

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

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

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 - Commercially zoned property with central air, multiple heating systems, and a fenced exterior in Detroit.
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: 3,904‑square‑foot apartment building on a 0.2‑acre lot; Three‑story brick construction completed in 1922; Commercial zoning in Detroit
More about this property
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