2818 Grand Blvd

6 Unit Apartment Building $1,575,222 CAD ($262,537 CAD/Unit) Detroit, MI 48211

INVESTMENT HIGHLIGHTS

  • Busy Street, 30 fenced in parking spaces, Art Deco Architecture, Terrazzo and Hardwood floors

EXECUTIVE SUMMARY

This exquisite Art Deco building Designed by architect C. Frank Cordner in 1928 as a part of the Maurice Fox building portfolio is finally available for sale. Originally this building was used to sell auto supplies, then it was a Jam Handy screening facility followed by a fire extinguisher manufacturing company. Finally, Ameen Howrani purchased the property in 1982 and implemented his photography studios and artist lofts. This property features Six units that are all very unique in many ways. There are original Terrazzo and wood floors throughout that are in amazing conditional along with many other great architectural features. Each unit has its own kitchen and bathroom with varying sizes. The original elevator is still in great working order and there is a fenced in 30 space parking lot. This property would be a excellent candidate for a condominium conversion, restaurant or retail space, apartments or many other uses with its flexible zoning. Here is your chance to be a part of Detroit History and become the new owner of this magnificent property in the rapidly changing Milwaukee Junction Neighborhood. Property is Sold AS IS BATVAI

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $193,323 $18.45
Other Income - -
Vacancy Loss - -
Effective Gross Income $193,323 $18.45
Net Operating Income - -

PROPERTY FACTS

Price $1,575,222 CAD
Price Per Unit $262,537 CAD
Sale Type Investment
Sale Conditions
1031 Exchange
  • Redevelopment Project
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Lot Size 0.35 AC
Building Size 10,477 SF
Average Occupancy 50%
No. Stories 2
Year Built/Renovated 1928/2015
Parking Ratio 2.86/1,000 SF
Opportunity Zone Yes

SITE AMENITIES

  • 24 Hour Access
  • Sauna
  • Basketball Court

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 2 - -
1+1.5 3 - -
1+1 1 - -
Walk Score®
Very Walkable (70)

ZONING

Zoning Code M3 (Industrial, Mixed Use, Residential, Retail)
  • Listing ID: 35171222

  • Date on Market: 2025-03-18

  • Last Updated:

  • Address: 2818 Grand Blvd, Detroit, MI 48211