503 W Grand Boulevard Detroit, MI ^$ 550,000

503 W Grand Boulevard

^$ 550,000

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503 W Grand Boulevard

Detroit, MI, 48216

^$ 550,000

Studio Baths0.0 Sq 4,389

Monthly Estimate*

^$ 3,655

503 W Grand Boulevard, Detroit, MI 48216 - Image 1

503 W Grand Boulevard, Detroit, MI 48216 - Image 2

Studio

Commercial Property for sale in Detroit, MI

for $550,000. This 4,389 square foot building was built in 1971 on a lot size of 0.15.

Introducing 503 W Grand Blvd, a rare opportunity to own a vacant medical building located in the heart of Detroit, MI. This spacious property is in need of updates, making it the perfect canvas for investors and business owners looking to create a custom space. With over 7,500 square feet of interior space, this building offers ample room to accommodate a variety of businesses, from medical practices to creative studios or office area. The building features multiple levels, with large open rooms, private offices, and plenty of storage capacity.

Commercial Active

Price

^$ 550,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 7,482

Style

Commercial/Industrial

Lot Size

0.15

Year Built

1971

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

70386274

Features

General

Heating None

Water Public Water Public Water at Street

Status Active Active

Year Built 1971

County Wayne

Class COM/IND/BUS OPP

Type Commercial/Industrial

Municipality Detroit

Subdivision MI

Commercial Features Electric Available

Area Detroit (82001)

Primary City Detroit

Directions Northwest Corner of Vernor and W Grand Blvd

City Detroit

Street Name Grand

Financial Terms Cash Conventional

Legal Description BLK:309 DIST:01 CITY/MUNI/TWP:DETROIT CITY SUBD:SCOTTEN LOVETT DAVIS SUB W-W

DOM 138

Postal Code 48216

Price Per Sq Ft Total 125.31

Coming Soon Introducing 503 W Grand Blvd a rare opportunity to own a vacant medical building located in the heart of Detroit MI. This spacious property is in need of updates

Exterior

Frontage 60

Lot Size Area 0.15

Lot Dimensions 60 x 107

Waterfront Y/N No

* Excluded Features

List By

Christopher Deighton

Listing Agent

Exp Realty, Llc

Broker

chris.deighton@deightongroup.com

Affordability Calculator

$4,279

Per Month

Monthly Principal & Interest: $3,655
Monthly Property Taxes: $624
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Detroit, MI

Average List Price ^$489,076

Percent of Sale Price 11%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/1/2024	$550,000		Listed Price

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503 W Grand Boulevard, Detroit, MI, 48216 is a Commercial Property for sale at $550,000 with 4,389 sqft and a lot size of 0.15. 503 W Grand Boulevard is a studio with 0.0 baths and was built in 1971. The property's zip code is 48216 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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503 W Grand Boulevard

Commercial Property for sale in Detroit, MI

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