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Vacant Medical Office Building
For Sale
$385,000

503 W Grand Blvd, Detroit, MI 48207

Vacant multi-level medical office building with private offices and storage, equipped with plumbing, electrical, and HVAC.

Property Size4,389 SF
Price / SF$87.72
Days on Market235

Property Features for 503 W Grand Blvd

General Information

Standard status Active
Size 4,389 SF

Taxes and HOA fees

Annual Taxes $7,761
Listing Agency: EXP Realty Main
Listed By: Christopher Deighton
Source: Exprealty
Added: Jan 1 Changed: Aug 24 Last Checked: Aug 23 at 3:20AM

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 Realty Main

Investment Insights

Based on property information with market context.

503 W Grand Blvd is a vacant medical office building for sale with multiple levels and a layout that includes large open rooms, private offices, and storage space. The property is in need of updates, and it is offered as a base for a customized buildout. It is equipped with essential medical-facility infrastructure, including plumbing, electrical systems, and HVAC.

Located on a busy street in Detroit, the building is designed for visibility and provides easy access to public transportation. The property is described as being in close proximity to major hospitals, universities, and downtown Detroit.

For buyers seeking a multi-level medical office property with existing utilities and room for interior reconfiguration, this site offers a functional starting point, pending updates.

Key Highlights

  • Vacant multi‑level medical office building with 7,500+ SF of interior space
  • Equipped with essential medical infrastructure: plumbing, electrical, and HVAC systems
  • Includes private offices, large open rooms, and storage space throughout

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Hair Salon Nail Salon Daycare Center Skin Care Clinic Plumbing Service

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

Location Intelligence

Trade Area within ½ mile

543
Businesses Nearby
Under-served
Demand for This Use

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 Office in Detroit, MI

11.9% 2019
13.9% 2020
15.2% 2021
17.9% 2022
20.3% 2023
22% 2024
19.5% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Vacant multi-level medical office building with private offices and storage, equipped with plumbing, electrical, and HVAC.
Where is this medical office space located?
The property is located at 503 W Grand Blvd Detroit, MI.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Vacant multi‑level medical office building with 7,500+ SF of interior space; Equipped with essential medical infrastructure: plumbing, electrical, and HVAC systems; Includes private offices, large open rooms, and storage space throughout
More about this property
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