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Erin Raetz

erin@raetzteam.com +1(586) 996-8410

$624,999

Est. payment - /mo

8,019 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type BusinessandRealEstate

Listing Status Active

Purchase Type For Sale

Square Footage 8,019 sqft

Price per Sqft $77

Subdivision More Than One Legal Involved

MLS Listing ID 20240086652

Year Built 1915

Lot Size 0.410 Acres

Acres 0.41

Property Sub-Type BusinessandRealEstate

Property Description

In the Oak Grove District adjacent The Greater Sandhill area of Melvern Hills in Detroit on Historic Grand River Avenue on almost a half acre of land! Very unique investment opportunity includes an operating Inn, a PALACE house and partitioned 2bd room studio style Apartment for use...the new owner will be Triple Crowned with multiple income producing opportunities within a gated location. The River Rouge Inn and PALACE House has newer 3Dimensional style roof, some newer model windows a sizable backyard area and CCTV security camera/video monitoring. 12 fully operational Inn rooms a few recently redesigned. PALACE House has ceramic tiled flooring in Kitchen and Bathroom. Stainless steel appliances, stainless steel Apron Kitchen sink within granite countertops and matching center island in enough space for comfortable dining. PALACE House has partitioned rear 2 bedroom studio style apartment as staff living quarters can be used as additional rental unit. PALACE House has onsite laundry facility and more room units in lower area. Walking distance to US Post Office, The Redford Theatre, Citizens Bank, Miejer Supermarket and a NEW Community Financial Credit Union being built on Grand River Ave between Cooley and Northrop....this area is going through tons of development and growth. Close to public transportation, major highway and other points of interest. A straight drive Downtown, the River Rouge Inn and PALACE new owner will have more business opportunity and expansion for investment; AirBNB, assisted living home, veteran care facility, ect. Contact your agent today to schedule your tour. Shown with advance notice by appointment only to qualified buyers. Property sold "as is" with Warranty Deed transfer. $495 Office transaction fee buyer payable at closing.

Location

State MI

County Wayne

Area Area05092Detjoydbnhtgrnfldlimits

Interior

Heating Forced Air, Hot Water, Natural Gas

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Lighted, ParkingLot, OnSite, OnStreet, Other

Fence Fenced, Perimeter

Utilities Available AboveGroundUtilities

View Y/N No

Roof Type Asphalt, BuiltUp

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional, WarrantyDeed

Listing Terms Cash, Conventional, WarrantyDeed

Special Listing Condition ShortSaleNo, Standard

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Listed by Milton G Owens-Crawford of Reach Realty Group

Nearby Locations

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Erin Raetz

+1(586) 996-8410

22755 GRAND RIVER AVE Detroit, MI 48219

Erin Raetz

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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