22755 GRAND RIVER Avenue, Detroit, MI 48219
22755 GRAND RIVER Avenue, Detroit, MI 48219
22755 GRAND RIVER Avenue, Detroit, MI 48219
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$624,999
Est. payment /mo
8,019 SqFt
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 8,019 sqft

Price per Sqft $77

MLS Listing ID 20240086652

Year Built 1915

Annual Tax Amount $6,229

Lot Size 0.410 Acres

Acres 0.41

Lot Dimensions 157 x 115

Source Realcomp

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

Zoning Commercial,Multi-Family,O

Direction From Grand River and Southfield Fwy travel Northwest up Grand River toward Lasher, once past Lasher Rouge River Inn will be on the left side of street.

Rooms

Basement Basement

Interior

Heating Forced Air, Hot Water

Exterior

View Y/N No

Building

Foundation Block

Water Public

Structure Type Aluminum Siding,Vinyl Siding,Brick

Schools

School District Detroit

Others

Tax ID W22I007515S

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Listed by Reach Realty Group

Nearby School & Business

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Alec Applebaum

Alec Applebaum

+1(248) 866-8784

Broker | License ID: 6502389085

Broker License ID: 6502389085

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Name

Phone*

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