485 E GRAND BLVD Detroit MI 48207 MLS #20250031339

485 E GRAND BLVD
Detroit, MI, 48207
$400,000
Beds
0 Baths
2,884 SqFt
0.27 Acres
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Incredible investment opportunity in the heart of Island View! This massive multi-unit residence has served as a licensed adult foster care facility for over 50 years and was previously approved for up to 20 residents. The property is currently tenant-occupied with ten long-term residents—many with over a decade of tenancy—who would love to stay. With nine spacious bedrooms, four full bathrooms, and two half baths, the floor plan offers flexibility and scale. Just minutes from Belle Isle, downtown Detroit, and the bustling West Village, this property is perfect for investors seeking cash flow and long-term upside in a rapidly developing neighborhood.

Property Details

Price:
$400,000
MLS #:
20250031339
Status:
Active
Beds:
0
Baths:
0
Address:
485 E GRAND BLVD
Type:
Commercial
Subtype:
Real Estate Only
Subdivision:
MORE THAN ONE SUBDIVISION INVOLVED
Neighborhood:
05053 – Det Woodward-Mcclellan/So Mack
City:
Detroit
Listed Date:
May 1, 2025
State:
MI
Finished Sq Ft:
2,884
Total Sq Ft:
2,884
ZIP:
48207
Lot Size:
11,761 sqft / 0.27 acres (approx)
Year Built:
1912
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Lia LoChirco

Lia LoChirco

Realtor®

Phone 586 321-9997

I’m a first-generation American with Italian roots. My journey combines family, real estate, and the American dream. Raised in a loving home, I embraced my Italian heritage and studied in Italy before returning to the US. As a mother of four, married for 30 years, my joy is family time. Real estate runs in my blood, inspired by my parents’ success in the industry. I earned my real estate license at 18, learned from a mentor at Century 21, and continued to grow at Remax. In 2022, I became the…

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Schools

School District:
Detroit

Interior

Heating
Radiant

Exterior

Construction Materials
Brick
Roof
Asphalt

Financial

Net Operating Income
$62,904
Taxes
$4,191

Map

Community

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disclosure
Courtesy of @properties Christie’s Int’l R.E. Birmingham. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the . Detailed information about real estate listings held by brokerage firms other than LoChirco Realty, LLC include the name of the listing broker. Neither the listing company nor LoChirco Realty, LLC shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. . All rights reserved.
Rover IDX
485 E GRAND BLVD
Detroit, MI