$400,000 for Sale

485 e grand boulevard, detroit, MI 48207

Property 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.
General Information
Sale Price: $400,000
Price/SqFt: $139
Status: Active
MLS#: 20250031339
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 0.27
Lot Dimensions: 80.00 x 146.00
Size: 2,884 sq.ft.
Acreage: 0.27 est.
Year Built: 1912
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes:  $3,756
Est. Winter Taxes:  $435


IDX provided courtesy of Realcomp II Ltd. via Tremaine Real Estate and Realcomp II Ltd., ©2025 Realcomp II Ltd. Shareholders Listing By: Charles A Siciliano of @properties Christie's Int'l R.E. Birmingham, Phone: (248) 850-8632
(810) 750-4665 Call Ed Constable for more information about this property.

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