Real Estate One®

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 living room and separate bedroom area with front office. PALACE rear 2 bedroom studio style apartment used as staff living quarter can be used as an additional rental unit. PALACE House downstairs area has onsite laundry facility and more room units for additional use. Walking distance to US Post Office, The Redford Theatre, Citizens Bank and Miejer. Close to Glenhurst Golf Course, Old Redford Academy - Middle School, Old Redford Academy - Elementary School, Detroit Service Learning Academy, Wright Academy of Arts and Science, Christ the King School, Crowell Recreation Center, Edward G Heckel Park, James T Hope Playfield Park, Markulis Playground, Milan Playfield, Eliza Howell Park, Rouge Valley Parkway, 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 advanced notice by appointment only to qualified buyers. Property sold "as is" with Warranty Deed transfer. $495 Office transaction fee buyer payable at closing.