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Downtown Realty

team@dtrdetroit.com +1(313) 466-7253

$ 425,000

Est. payment -/mo

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Price Dropped by $50K

503 W GRAND Boulevard Detroit, MI 48216

4,389 SqFt

UPDATED:

10/06/2024 09:17 PM

Key Details

Property Type Commercial

Sub Type Real Estate Only

Listing Status Active

Purchase Type For Sale

Square Footage 4,389 sqft

Price per Sqft $96

Subdivision Scotten Lovett & Davis Sub (Plats)

MLS Listing ID 20240043119

Originating Board Realcomp II Ltd

Year Built 1971

Annual Tax Amount $7,761

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 60.00 x 107.00

Property Description

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. While the building is in need of updates, it is equipped with the essential infrastructure required for a medical facility, including plumbing, electrical, and HVAC systems. Located on a busy street, this property offers excellent visibility and easy access to public transportation. It is situated in close proximity to major hospitals, universities, and downtown Detroit, making it an ideal location for a variety of businesses. Investors and business owners who are looking for a unique opportunity to create a custom space in a bustling location will appreciate the potential of 503 W Grand Blvd. With its prime location and flexible interior space, this building offers endless possibilities for those looking to make their mark in the heart of Detroit.

Location

State MI

County Wayne

Area Det South Of Grand River

Zoning Commercial

Direction Northwest Corner of Vernor and W Grand Blvd

Interior

Heating Other

Exterior

Pool No

Waterfront no

Road Frontage Paved

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Level or Stories 1 Story

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W14I008317C8

Ownership Short Sale - No,Private Owned

Assessment Amount $100

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Full Service

Listed by EXP Realty LLC

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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