Three-Story Healthcare Facility with 40
For Sale
$750,000
505 E Grand Boulevard, Detroit, MI 48207
Three-story facility with 40+ rooms on a paved front entry, sold as-is for healthcare or related uses.
Property Size22,712 SF
Lot Size0.50 Acres
Days on Market82
Property Features for 505 E Grand Boulevard
General Information
Standard status
Active
Size
22,712 SF
Lot size
0.50 Acres
Property subtype
Commercial
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$22,420
Building Details
Building Size
22,712 SF
Year Built
1937
Stories
3
Listing Agency:
Source Realty LLC
(734) 377-8644
Listed By:
Cara Pimer · License #6501415168
(734) 377-8644
Source:
Carolbollo
Added: Jun 4
Changed: Aug 23
Last Checked: Aug 23 at 9:33AM
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 former health care facility is a three-story building with over 40 rooms, offering a layout that may be adaptable for a variety of healthcare and related business concepts. The property is being sold in as-is condition and will require some TLC, but the existing bones and room configuration provide a starting point for an operator to customize the space.
The building sits on a 0.5-acre lot with a front paved entryway leading up to the front door. It is located just blocks away from Belle Isle and the Detroit Riverfront. WalkScore is 50 (somewhat walkable) and transitScore is 54 (good transit), with a bikeScore of 68 (bikeable).
For buyers or tenants seeking a room-based facility that can support healthcare-oriented use, this property’s existing room count and multi-level design may fit organizations looking to re-purpose an established healthcare environment. Because the building is sold as-is and needs repairs, prospective parties should plan for renovation and due diligence aligned with their intended concept.
The building sits on a 0.5-acre lot with a front paved entryway leading up to the front door. It is located just blocks away from Belle Isle and the Detroit Riverfront. WalkScore is 50 (somewhat walkable) and transitScore is 54 (good transit), with a bikeScore of 68 (bikeable).
For buyers or tenants seeking a room-based facility that can support healthcare-oriented use, this property’s existing room count and multi-level design may fit organizations looking to re-purpose an established healthcare environment. Because the building is sold as-is and needs repairs, prospective parties should plan for renovation and due diligence aligned with their intended concept.
Key Highlights
- 3‑story former healthcare facility built in 1937 with 40+ rooms
- Sits on a 0.5‑acre lot with a paved front entryway to the front door
- As‑is sale with the building needing some TLC, sold as‑is condition
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Well-served
Demand for This Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Three-story facility with 40+ rooms on a paved front entry, sold as-is for healthcare or related uses.
Where is this assisted living facility located?
The property is located at 505 E Grand Boulevard Detroit, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3‑story former healthcare facility built in 1937 with 40+ rooms; Sits on a 0.5‑acre lot with a paved front entryway to the front door; As‑is sale with the building needing some TLC, sold as‑is condition
