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… Read More 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. Read Less
Courtesy of Reach Realty Group.
Listing Snapshot
Days Online
486
Last Updated
Property Type
Commercial/Industrial
Square Ft.
8,019
Lot Size
0.41 Acres
MLS Number
60365403
30 Days Snapshot Of 48219
$1k
-98%
(avg) sold price
1
-50%
home sold
43
+104%
(avg) days on market
Snapshot
Area Map
Additional Details
Amenities
220 Volt Power, Fence
Building
8,019 square feet
Exterior Features
Brick, Log, Vinyl Siding, Security Lighting
Foundation
Basement
Water Features
Electric, Public Water
Heating
Forced Air, Hot Water, Natural Gas
Lot
0.41 acres, Lot size: 157 x 115
Property
Lake name: River Rouge, Office, Multi-Family, Professional Office, Commercial, Residential
Roof
Asphalt
Taxes
Total amount: $6,229
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