For Sale
505 E GRAND Boulevard, Detroit, MI 48207
$750,000
MLS # 20261041497 (Realcomp)
Built 19370.54 acres
1 / 20
Listing Description
Don't miss this amazing investment opportunity! This location and space makes your possibilities endless. As a former health care facility, the space is ready you to make your own. With over 40 rooms, the layout could work for many different business types. The property is just blocks away from Belle Isle and Detroit Riverfront. This 3 story property sits on a .5 acre lot, with a front paved entryway leading up to the front door. The building needs some TLC but the bones and layout make this a fantastic investment opportunity. Don't miss out....call today to schedule a private tour. Building sold in as-is condition
Source: SparkMLS
About this home
Currently offered at $750,000.
Annual property taxes run approximately $28,699 ($2,392/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.
Listing Property Details
Property TypeCommercial Sale
Bathrooms0
Lot Size0.54 acres
Year Built1937
Location
CityDetroit
Zip Code48207
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionAluminum Siding, Brick
BasementBasement
WaterPublic
Sale & Financing
Listed6/3/2026
Source: SparkMLS
Tax Information
Annual Tax$27,265
Tax Year2025
State Equalized Value$349,200
Assessed Value$349,200
Parcel #15008060-1
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 Cara Pimer
Source Realty LLC
Frequently Asked Questions about 505 E GRAND Boulevard, Detroit, MI 48207
Which school district serves 505 E GRAND Boulevard, Detroit, MI 48207?
Per MLS# 20261041497, 505 E GRAND Boulevard, Detroit, MI 48207 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 505 E GRAND Boulevard, Detroit, MI 48207?
Per public tax records, annual property taxes for this property are $22,420. 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, 505 E GRAND Boulevard, Detroit, MI 48207 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 505 E GRAND Boulevard, Detroit, MI 48207 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 utilities serve 505 E GRAND Boulevard, Detroit, MI 48207?
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.
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Tax Estimate
$
Annual tax$28,699
Monthly$2,392
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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%
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Monthly payment$7,256
Principal & interest$4,864
Property taxes$2,392
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
505 E GRAND Boulevard, Detroit, MI 48207
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Neighborhood
Butzel
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Community
Detroit
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County
Wayne County
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