For Sale
503 W GRAND Boulevard, Detroit, MI 48216
$375,000
MLS # 20251062284 (Realcomp)
Built 19710.15 acres
1 / 28
Listing 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.
Source: SparkMLS
About this home
Listed at $375,000.
Property tax estimate: $12,007 per year ($1,001/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company. Broadband is available with download speeds up to 2,000 Mbps from 8 providers.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Lot Size0.15 acres
Year Built1971
Location
CityDetroit
Zip Code48216
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementBasement
WaterPublic
Sale & Financing
Listed12/31/2025
Original Price$395,000
Source: SparkMLS
Tax Information
Annual Tax$9,310
Tax Year2025
State Equalized Value$146,100
Assessed Value$146,100
Parcel #14008317-8
Source: Public Records
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Christopher Deighton
EXP Realty Main
Frequently Asked Questions about 503 W GRAND Boulevard, Detroit, MI 48216
Which school district serves 503 W GRAND Boulevard, Detroit, MI 48216?
Per MLS# 20251062284, 503 W GRAND Boulevard, Detroit, MI 48216 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
What are the property taxes at 503 W GRAND Boulevard, Detroit, MI 48216?
Per public tax records, annual property taxes for this property are $7,761. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 503 W GRAND Boulevard, Detroit, MI 48216 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 503 W GRAND Boulevard, Detroit, MI 48216 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 503 W GRAND Boulevard, Detroit, MI 48216. The maximum advertised download speed is 2.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 503 W GRAND Boulevard, Detroit, MI 48216?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Tax Estimate
$
Annual tax$12,007
Monthly$1,001
Millage rate82.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
$
%
$
$
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Monthly payment$3,433
Principal & interest$2,432
Property taxes$1,001
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
2 Gbps
Upload
250 Mbps
CableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
503 W GRAND Boulevard, Detroit, MI 48216
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Neighborhood
Vernor Junction
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Community
Detroit
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County
Wayne County
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