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130 E Grand Blvd - East Grand Nursing Home 24,454 SF Health Care Building Offered at $815,000 in Detroit, MI 48207
Investment Highlights
- High Traffic
- Close to CBD
- Excellent Location Walking Distance to Belle Isle
Executive Summary
Amazing Development Opportunity at the footsteps of Belle Isle Park. The Detroit Land Bank Authority, in partnership with the City of Detroit’s Housing and Revitalization Department and Planning and Development Department, seeks a developer for a prime development site comprised of approximately 1.21 +/- acres in the Islandview neighborhood with approximately 340 feet of frontage on E Grand Boulevard between E Jefferson and E Congress. The site contains 4 structures: the Frederick Chambe Mansion (a grand residential structure built in 1898 and designed by Detroit architect Louis Kamper), a cinderblock addition to the mansion built in 1966, a garage/carriage house, and a two story commercial building fronting Congress Street. 3D Tour, Development Proposal Guidelines and offer instructions attached to listing. Current Zoning is R5. Seller Purchase and Development Agreement to be provided upon acceptance of qualifying offer. All proposals are due August 1, 2020.
Property Facts Under Contract
| Price | $815,000 | Building Size | 24,454 SF |
| Price Per Bed | $29,107 | No. Beds | 28 |
| Sale Type | Investment or Owner User | No. Stories | 3 |
| Sale Condition | Redevelopment Project | Year Built | 1898 |
| Property Type | Health Care | Parking Ratio | 2.04/1,000 SF |
| Property Subtype | Rehabilitation Center | Opportunity Zone |
Yes
|
| Building Class | C | Parcel Number | 15-0075135 |
| Lot Size | 1.28 AC | ||
| Zoning | R5 - Medium Density Residential District | ||
| Price | $815,000 |
| Price Per Bed | $29,107 |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| Property Type | Health Care |
| Property Subtype | Rehabilitation Center |
| Building Class | C |
| Lot Size | 1.28 AC |
| Building Size | 24,454 SF |
| No. Beds | 28 |
| No. Stories | 3 |
| Year Built | 1898 |
| Parking Ratio | 2.04/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R5 - Medium Density Residential District |
| Parcel Number | 15-0075135 |
Amenities
- Waterfront
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Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
70/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
130 E Grand Blvd - East Grand Nursing Home