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Medical Office Building

503 W Grand, Detroit, MI 48203

For Sale
$350,000

Vacant, multi-level space includes open areas, private offices, and building systems suited to a medical facility.

Property SizeContact for details
Days on Market318

Property Features for 503 W Grand

General Information

Standard status Active
Property subtype Commercial/Industrial
Zoning Commercial

Property Condition

Severity Repairs Needed
Evidence in need of updates

Site & Location

Neighborhood Pilgrim Village
Road Access Yes
Public Transit Yes
Utilities to Site Yes

Additional Details

Condition Needs Renovation
Property Use Medical Office

Building Details

Buildings 1
Owner Occupied No
Listing Agency: Exp Realty Main
Listed By: Christopher Deighton
Source: Jabachler
Added: Jan 1 Changed: Nov 11 Last Checked: Nov 12 at 11:38PM

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

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This vacant medical office property contains over 7,500 square feet across multiple levels. Its interior includes open areas, private offices, and storage space. Plumbing, electrical service, and HVAC are in place, though the building requires updates.

The property is on a busy street with access to public transportation. Hospitals, universities, and downtown Detroit are nearby.

Key Highlights

  • Over 7,500 square feet of interior space
  • Multiple levels with open areas, private offices, and storage
  • Plumbing, electrical, and HVAC systems in place

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Big Box & Wholesale Store Building Supply Restaurant

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
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

376
Businesses Nearby
Under-served
Demand for This Use

Demographics for 48203, MI

22,168
Population
13,591
Households
1.6
Avg Household Size
39
Median Age
19%
College-Educated
85%
High-School Grad
8.2 sq mi
ZIP Area
2,703
Density / Sq Mi
$35,108
Median Household Income
$28,364
Median Earnings
$799
Median Rent
$76,100
Median Home Value

Market

Average Price Trend$/SF for Medical Office Space in Detroit, MI

$72.88 Jul
$76.09 Aug
$98.84 Sep
$125 Oct

Properties on Market for Medical Office Space in Detroit

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Medical Office Space - Vacant, multi-level space includes open areas, private offices, and building systems suited to a medical facility.
Where is this medical office space located?
The property is located at 503 W Grand Detroit, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Over 7,500 square feet of interior space; Multiple levels with open areas, private offices, and storage; Plumbing, electrical, and HVAC systems in place
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