Former Healthcare Facility For
For Sale
$450,000
505 E GRAND Boulevard, Detroit, MI 48207
Three-story, 22,712 SF former healthcare facility on 0.5-acre lot.
Property Size22,712 SF
Lot Size0.54 Acres
Price / SF$19.81
Days on Market930
Property Features for 505 E GRAND Boulevard
General Information
Standard status
Active
Size
22,712 SF
Lot size
0.54 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$22,420
Building Details
Year Built
1937
Listing Agency:
Source Realty LLC
(734) 285-0300
Listed By:
Cara Pimer · License #6501415168
(734) 285-0300
Source:
Exitrealty
Added: Jan 26, 2024
Changed: Aug 8
Last Checked: May 20 at 12:55AM
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 Source Realty LLC
Investment Insights
Based on property information with market context.
This three-story property, a former healthcare facility, presents an investment opportunity. The building, situated on a 0.5-acre lot, features a paved entryway leading to the front door. The 22,712 square foot space contains over 40 rooms, offering a layout suitable for various business types. While the building requires some improvements, its structure and layout provide a solid foundation. The property is located blocks away from Belle Isle and the Detroit Riverfront. This location and space makes your possibilities endless.
Key Highlights
- Over 40 rooms offer flexible layout options for various business types.
- Located blocks away from Belle Isle and the Detroit Riverfront.
- The property is a former health care facility, potentially ready for similar use.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Healthcare property - Three-story, 22,712 SF former healthcare facility on 0.5-acre lot.
Where is this healthcare property located?
The property is located at 505 E GRAND Boulevard Detroit, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Over 40 rooms offer flexible layout options for various business types.; Located blocks away from Belle Isle and the Detroit Riverfront.; The property is a former health care facility, potentially ready for similar use.
