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    15 Ferris St Highland Park, MI 48203

    For Sale
    $255,000

    Unique building near Woodward Ave, ideal for manufacturing or storage.

    Lot size:
    0.22 Acres

    Property Features for 15 Ferris St

    General Information

    Lot size
    0.22 Acres

    Building Details

    Year built
    1924

    Source: Real Estate Management Specialists Inc Agent Robert LaBute

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highland Park Manufacturing/Storage Opportunity

    This property presents an unusual opportunity with a concrete ramp providing vehicle access to the second floor, which features excessive clearance. The building is suitable for manufacturing on the second floor and enclosed parking. The subject requires remodeling and a new roof, potentially with a steel substructure. Located just off Woodward Avenue, the property offers convenient expressway access, situated south of Palmer Park and north of Historical Chicago Blvd. Previously used for boat sales and repairs, it is well-suited for classic vehicle storage and restoration within a solid construction. The seller may consider a land contract.
    Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1016955
    Latitude
    42.4135403

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    FAQs

    What type of property is this?
    Manufacturing property - Unique building near Woodward Ave, ideal for manufacturing or storage.
    Where is this manufacturing property located?
    The property is located at 15 Ferris St Highland Park, MI.
    What is the asking price?
    The asking price for this property is $255,000.
    What are key features of this property?
    This property features: - Concrete ramp to the second floor allows vehicle access and manufacturing potential.; - Located just off Woodward Avenue with easy expressway access.; - Suitable for classic vehicle storage/restoration or other manufacturing.
    (313) 533-6300
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15 Ferris St Highland Park, MI 48203
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