$365,000
( $126.56Per Sq Foot )
$1,959 est/mo Sourced by Back At You485 E Grand Boulevard,Detroit, MI 48207
Detroit, MI 48207
Description
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 residentsmany with over a decade of tenancywho 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.
Details
| MLS # | 20261052621 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1912 |
| Days On Site | 80 |
| Listing Provided By | @properties Christie's Int'l R.E. Birmingham | Charles A Siciliano |
Features
| SQ Feet | 2,884 |
|---|---|
| Story(s) | 3 |
| Zoning | Commercial |
| Acreage | 0.27 |
| Water Front | Yes |
Interior
| Cooling Yes / No | No |
|---|---|
| Heating Yes / No | Yes |
| Heating | Radiant |
Exterior
| Roof | Asphalt |
|---|---|
| Construction Materials | Brick |
| Foundation Details | Basement, Block |
Parking
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
Taxes
| Tax Annual Amount | 4191 |
|---|
Area Information
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48207 |
| Area | Det Woodward Mcclellan So Mack |
| Community Name | MORE THAN ONE SUBDIVISION INVOLVED |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in MORE THAN ONE SUBDIVISION INVOLVED) | |
Price: $365,000 low | high Med: $450,000 sqft: 2,884 low | high Med: 1,804 $ / sqft: $127 low | high Med: $249 On site: 80 low | high Med: 40 | |
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Learn More About This Property
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48207 |
| Area | Det Woodward Mcclellan So Mack |
| Community Name | MORE THAN ONE SUBDIVISION INVOLVED |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in MORE THAN ONE SUBDIVISION INVOLVED) | |
Price: $365,000 low | high Med: $450,000 sqft: 2,884 low | high Med: 1,804 $ / sqft: $127 low | high Med: $249 On site: 80 low | high Med: 40 | |
Nearby Listings (Within 1/10 mile)
Price: $273K - $456K
sqft: 2,000 - 3,500
Listing Updated: July 23, 2026 at 8:24:06 PM PDT