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    1921 Ferry St Detroit, MI 48211

    For Sale
    $1,500,000

    Massive Detroit warehouse, redevelopment opportunity.

    Property size:
    528,681 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 9-story warehouse, located at 1921 E Ferry St in Detroit, Michigan, presents a unique investment opportunity. Boasting a substantial 528,681 square feet of space, this property sits on a 2.338-acre lot and offers a 30-foot clear ceiling height. The building is zoned M-4, Heavy Industrial, allowing for a wide range of potential uses. Its strategic location provides easy access to major transportation arteries, including I-75 and I-94, enhancing its logistical advantages. The asking price is $1,500,000, translating to $2.84 per square foot. Given its size, zoning, and prime location, this property is ideally suited for a mixed-use redevelopment project, offering significant potential for future growth and return on investment within the dynamic Detroit market. The property's substantial size and versatile zoning make it an attractive prospect for developers and investors seeking a large-scale project in a rapidly evolving urban environment. The 48211 zip code further underscores its location within a key area of Detroit.

    Property Features for 1921 Ferry St

    General Information

    Property type
    Distribution properties
    Square Feet
    528,681 SF
    Lot Size
    101,843 SF

    Building Details

    Stories
    9

    HighLights

    • 528,681 square feet of available space.
    • 30‑foot clear ceiling height.
    • M‑4 Heavy Industrial zoning.
    • Redevelopment opportunity: 9‑story mixed‑use project in Detroit.
    • Excellent access to I‑75 and I‑94.
    • 2.338‑acre site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0489384
    Latitude
    42.3686697

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    FAQs

    What type of property is this?
    Distribution property - Massive Detroit warehouse, redevelopment opportunity.
    Where is this distribution property located?
    The property is located at 1921 Ferry St Detroit, MI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 528,681 square feet of available space.; 30-foot clear ceiling height.; M-4 Heavy Industrial zoning.
    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
    1921 Ferry St Detroit, MI 48211
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