1921 Fry St Detroit, MI 48211-2609
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M4 · Detroit, MIDetroit. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.