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    2645 Ferry Park St Detroit, MI 48208

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    For Sale
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    0.11-acre lot, prime Detroit location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 0.11-acre commercial land parcel, located at 2645 Ferry Park Street in Detroit, Michigan, presents a unique investment opportunity. Situated in Wayne County, zip code 48208, this property boasts a prime location in an up-and-coming area, offering significant potential for development. The lot is zoned for residential use (APN: W10I000951S), providing flexibility for various projects. Its strategic position just off Grand Boulevard places it in close proximity to key areas experiencing significant growth, including the Henry Ford expansion, New Center, and La Salle Gardens. This translates to convenient access to established infrastructure, amenities, and a thriving community. The property's stable surroundings contribute to its appeal as a sound investment. The asking price is $9,000. This 0.11-acre lot offers a compelling opportunity for investors seeking to capitalize on Detroit's revitalization and the burgeoning potential of this dynamic neighborhood. The coordinates are 42.3587829 latitude and -83.0996212 longitude. Serious inquiries are encouraged.

    Property Features for 2645 Ferry Park St

    General Information

    Property type
    Land
    Lot Size
    4,792 SF

    HighLights

    • 0.11‑acre commercial land parcel in Detroit, MI.
    • Located at 2645 Ferry Park Street, Wayne County, zip code 48208.
    • Zoned for residential use (APN: W10I000951S).
    • Prime location near Grand Boulevard, Henry Ford expansion, New Center, and La Salle Gardens.
    • Asking price: $9,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0996212
    Latitude
    42.3587829

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    FAQs

    What type of property is this?
    Land - 0.11-acre lot, prime Detroit location.
    Where is this land located?
    The property is located at 2645 Ferry Park St Detroit, MI.
    What is the asking price?
    The asking price for this property is $9,000.
    What are key features of this property?
    This property features: 0.11-acre commercial land parcel in Detroit, MI.; Located at 2645 Ferry Park Street, Wayne County, zip code 48208.; Zoned for residential use (APN: W10I000951S).
    Request Owner's contact information
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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
    2645 Ferry Park St Detroit, MI 48208
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