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505 E GRAND Boulevard

$ 499,900
505 E GRAND BLVD ,
12
Active

Description

LOCATION, LOCATION, LOCATION!1 MILE FROM BELLE ISLE AND MINUTES FROM DOWNTOWN DETROIT THIS FORMER ASSISTED LIVING FACILITY IS VACANT AND READY TO GO.
ENDLESS OPPORTUNITIES WITH ALMOST 22,000 SQ FT OF SPACE. OVER 40 ROOMS, ENDLESS OPPORTUNITIES
RE OPEN ANOTHER FACILITY OR MAYBE CONVERT TO APARTMENTS/CONDOS; THE REVITALIZATION OF DETROIT WILL SUPPORT IT!
SELLER IS MOTIVATED, LET’S MAKE A DEAL!

Address: 505 E GRAND BLVD
City:
State/County:
Zip: 48211
Open In Google Maps
Property Id : 24788
Price: $ 499,900
Building size: 0.54 acres
Available Space: 21331 sq.ft.
Active Openhouse Count: 0
Architecture Level: 2 Story
Assessment: 0
Building Area Source: Public Records
CDOM: 414
Commercial Exterior Features: Outside Lighting
Commercial Type: Real Estate Only
Commercial Utilities: 220V Available
Construction Materials: Aluminum,Brick
County Or Parish: Wayne
Current Use: assisted living
Deposit Amount: 150000.00
Directions: corner of E Grand Blvd & E Vernor
Directions From EastWest: w
Directions From EastWest Detail: E grand Blvd
Directions From NorthSouth: s
Directions From NorthSouth Detail: E Vernor
DOM: 134
Foundation Details: Basement
Foundation Materials: Block
Frontage Feet: 159
Gross Scheduled Income: 0.00
Heating: Hot Water
Heating Fuel: Natural Gas
Land Interest Rate: 8
Land Payment: 999999
Land Terms: 36
Last Change Type: Price Increase
List Office Name: RE/MAX Team 2000
List Price By Acre: 925740.7407
Lock Box Type: Lock Box
Lot Size Dimensions: 159.90X146.30
MLS: Realcomp II Ltd
MLS Area Major: Det Woodward-Mcclellan/So Mack
MLS Area Major Number: 05053
MLS Number: 219075384
Monthly Sales: 0
Annual Net Income: 0.00
Operating Expense: 0.00
Original List Price: 399900.00
Ownership Status: Private Owned,Short Sale - No
Parcel Number: W15I008060C1
Postal City: Detroit
Property Type: Commercial
Protection Period: 60
Road Frontage Type: Paved,Pub. Sidewalk
Room Count: 0
School District: Detroit
Settlement: City
Sewer: Sewer-Sanitary
Short Sale: No
Sqft Source: PRD
State Equalized Value: 220500.0000
Street Dir Prefix: E
Street Name: GRAND
Street Number: 505
Street Suffix: Boulevard
Subdivision Name: MORE THAN ONE SUBDIVISION INVOLVED
Table: Commercial
Taxable Value: 199197.0000
Tax Amount Summer: 15366.0000
Tax Amount Winter: 1851.0000
Tax Legal Description: W E GRAND BLVD 184 LOTHROP EST CO LTD SUB L24 P21 PLATS, W C R 15/106 1&2 N 40 FT 3 F F PALMS SUB L25 P13 PLATS, W C R 15/107 159.90 X 146.30
Title: Private - Owned
Total Tax: 17217.0000
Unit Count: 0
Water Heater Fuel: Natural Gas
Water Source: Municipal Water
Year Built: 1937
Zoning: Commercial
Customer Comment: Yes
Encroachment: No
Land Contract: Yes
Publish Sale Price: Yes
Waterfront: No
IDX provided courtesy of Realcomp II Ltd., via RE/MAX Team 2000 and Realcomp, © 2021 Realcomp II Ltd. Shareholders.

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