22755 Grand River Avenue, Detroit, MI 48219

• 8,019 sqft

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.

Listing Status:

Active

Date Added:

January 24, 2025 at 06:00AM

Listing Office:

Reach Realty Group : 313-766-4000

Listing Agent:

Milton Owens-Crawford : 313-363-3991

MLS ID:

60365403

Interior

• Appliances: Electric Water Heater
• Heating: Forced AirHot Water

Construction

• Roofing: Asphalt
• General: BrickLogVinyl SidingBasement

Location

• Originating MLS: MiRealSource
• County: Wayne

Lot

• Zoning: S GRAND RIVER 18 EXC E 50.50 FT EXC GRAND RIVER AS WD FAIR PLAINS SUB L26 P50 PLATSW C R 22/528 A EXC GRAND RIVER AS WD OAK GROVE SUB L29 P11 PLATSW C R 22/384 157.07 IRREG
• Fencing: Fenced

Utilities

• Utilities: 220 Volts
• Water: Public

Financial

• Source: MiRealSource

This listing courtesy of Milton Owens-Crawford, Reach Realty Group