Property profile

503 W Grand Blvd Detroit, MI 48216

FOR SALE
Medical Office Space
Property ID
US43-0021157
4,389 SF 0.15 ac lot Built 1971
Trust Owned 15-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard
No photos on file
For Sale
$365,000 4,389 SF
503 W Grand Blvd, Detroit, MI 48216
View Listing →

Property summary

AI-generated overview

The property at 503 W Grand Blvd in Detroit, Michigan is a vacant multi-level commercial building with approximately 7,500+ square feet of interior space and a building size of 4,389 square feet on a 0.15-acre lot. The layout includes large open rooms, private offices, and storage areas, with building systems previously in place for medical use, including plumbing, electrical, and HVAC infrastructure. It is located on a busy street with public-transportation access and visibility, and is positioned near major hospitals, universities, and downtown Detroit. The property is zoned for commercial use and can support a range of uses, including medical practices, creative studio space, or general office use, subject to applicable permitting and code requirements.

Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1971
Total area 4,389 SF
Lot 0.15 ac (6,534 SF)
Zoning code R5
APN 14008317-8
UPID US43-0021157

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

503 W Grand Blvd Detroit, MI 48216
Detroit metro Census 523400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2010
2 recorded transactions
2010
Price N/A
2009
$100,000

Zoning & alternative use

R5 · Detroit, MI
Zoning description

dential districts within the City are as follows: (1) R1 Single-Family Residential District. (2) R2 Two-Family Residential District. (3) R3 Low Density Residential District. (4) R4 Thoroughfare Residential District. (5)…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message