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Jenn Smart

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22755 Grand River , Detroit, MI 48219
$624,999
Est. Payment: $3,256.96/mo
0 Bed
0 Bath
8019 Sqft
Status: active | Days on site: 535
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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.

Highlights

Listed by Milton Owens-Crawford , 313-363-3991 Reach Realty Group , 313-766-4000. MiRealSource, Inc. mls logo

Property Type

Commercial Sale

Lot/Acreage
0.41

Year Built

19

County

Wayne

Area

Detroit (82001)

Neighborhood

More Than One Legal Involved

Listing ID

60365403

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Above Ground Sq Ft:8019
Water:Public Water

Exterior Features

Lot Dimensions:157 x 115
Zoning:Multi-Family,Professional Office,Commercial,Residential
Roof:Asphalt
Others:
  • Additional:Security Lighting
Principal Interest
$3,257
Taxes
$519

Home Price

$624,999

Loan Details

30 yrs
6.792%

Down Payment

20%
$125,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,256.96

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,256.96 $519.08 $0.00 $3,776.04
Yearly $39,083.48 $6,229.00 $0.00 $45,312.48
Total $1,172,504.42 $186,870.00 $0.00 $1,359,374.42
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T01:10:54.300Z

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