Property summary
This exceptional 27,000-square-foot warehouse, located at 1909 E. Ferry Street in Detroit, Michigan, presents a compelling owner-user opportunity. Priced at $1,100,000 ($40.74/sq ft), this two-story industrial property boasts a full basement, offering ample storage and operational space. Built in 1925 and renovated in 1942, the building features 16-foot clear ceiling heights, two dock-high doors, and convenient rail access. The layout includes approximately 800 square feet of office space, complemented by a 2,000-pound freight elevator and a staircase for efficient internal movement. Column spacing is 15' x 20'. The property sits on a 0.27-acre lot and is zoned M-4, providing flexibility for various industrial uses. The Net Net Net (NNN) lease rate is $4.50 per square foot. This well-maintained building offers a blend of historical character and modern functionality, making it an attractive investment for businesses seeking a strategic location in Detroit's dynamic industrial market. The Wayne County property features APN 09005128 and is situated in the 48211 zip code. Two truckwells further enhance the property's logistical capabilities.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
ff. 5-28-2005) Sec. 50-7-4. - Industrial Districts. Industrial districts within the City are as follows: (1) M1 Limited Industrial District. (2) M2 Restricted Industrial District. (3) M3 General Industrial District. (4)…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M4 · Detroit, MIff. 5-28-2005) Sec. 50-7-4. - Industrial Districts. Industrial districts within the City are as follows: (1) M1 Limited Industrial District. (2) M2 Restricted Industrial District. (3) M3 General Industrial District. (4)…
Zoning
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Zoning designation
Official district profile
ff. 5-28-2005) Sec. 50-7-4. - Industrial Districts. Industrial districts within the City are as follows: (1) M1 Limited Industrial District. (2) M2 Restricted Industrial District. (3) M3 General Industrial District. (4)…
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