Heather Hosking - Arterra Realty Logo
$365,000
 $1,959 est/mo Sourced by Back At You

485 E Grand Boulevard,Detroit, MI 48207

Detroit, MI 48207

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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 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.

Details

MLS #61009795
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1912
Days On Site80
Listing Provided By@properties Christie's Int'l R.E. Birmingham | Charles Siciliano

Features

Bath(s) 6 Total
SQ Feet2,884
BasementY
Units10
ZoningCommercial
Acreage0.27

Interior

Heating Yes / NoYes
HeatingHot Water
AppliancesGas Water Heater

Exterior

Construction MaterialsBrick
Foundation DetailsBasement

Other

List AorReal Comp

Taxes

Property4191

Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48207
AreaDetroit (82001)
Community NameMore Than One Subdivision Involved
Listing VS Median (in More Than One Subdivision Involved)
Price:
$365,000
low | high
Med:
$450,000
26.712328767123% of Average
sqft:
2,884
low | high
Med:
1,804
87.4479889043% of Average
$ / sqft:
$127
low | high
Med:
$249
47.096254897792% of Average
On site:
80
low | high
Med:
40
100% of Average
Sourced by Back At You

Market Activity 48207

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Learn More About This Property

Heather Hosking

Heather Hosking

Arterra

432975 (586) 489-7725heather.hosking@arterrarealty.com
StateMI
CountyWayne
CityDetroit
Zip Code48207
AreaDetroit (82001)
Community NameMore Than One Subdivision Involved
Listing VS Median (in More Than One Subdivision Involved)
Price:
$365,000
low | high
Med:
$450,000
26.712328767123% of Average
sqft:
2,884
low | high
Med:
1,804
87.4479889043% of Average
$ / sqft:
$127
low | high
Med:
$249
47.096254897792% of Average
On site:
80
low | high
Med:
40
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $273K - $456K
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
485 E GRAND Boulevard Property Photo 1
$365,000
485 E Grand Boulevard
Detroit, MI 48207
485 E GRAND Boulevard Property Photo 1
$365,000
485 E Grand Boulevard
Detroit, MI 48207
485 E GRAND Boulevard Property Photo 1
$365,000
485 E Grand Boulevard
Detroit, MI 48207
2216-2220 Canton Street Property Photo 1
$249,950
2216-2220 Canton Street
Detroit, MI 48207
2216-2220 Canton Street Property Photo 1
$249,950
2216-2220 Canton Street
Detroit, MI 48207
Listing Updated: August 26, 2026 at 5:19:59 PM PDT