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1444 Ferry Park St 0.08 Acres of Commercial Land Offered at $850,000 in Detroit, MI 48208
Investment Highlights
- Property sold for land value with broker-managed demolition of existing structure.
- Within a federally designated Opportunity Zone offering potential tax advantages.
- Area undergoing significant reinvestment with commercial, cultural, and healthcare-driven projects.
- Located steps from the future Motown Museum campus and Henry Ford Health System expansion.
- Excellent regional access via I-94 and M-10, minutes from Midtown and New Center.
Executive Summary
This 0.08-acre parcel lies within an Opportunity Zone, creating potential for federal tax incentives when paired with qualifying investments. The property enjoys close proximity to major new developments, including the Henry Ford Medical Center expansion and the Motown Museum expansion, which continue to catalyze growth and investment in the surrounding neighborhood.
Located near the intersection of Rosa Parks Boulevard with convenient access to I-94 and M-10, the site boasts strong regional connectivity. Midtown, New Center, and key cultural institutions are minutes away, making this location particularly appealing for commercial or mixed-use projects aiming to leverage the influx of activity and foot traffic.
This is an exceptional chance for investors or developers to secure a small, infill parcel in a rapidly transforming Detroit submarket.
Property Facts
| Price | $850,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.08 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $850,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.08 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $850,000 | Lot Size | 0.08 AC |
| Price Per AC | $10,625,000.00 |
| Price | $850,000 |
| Price Per AC | $10,625,000.00 |
| Lot Size | 0.08 AC |
Commercial land opportunity near Henry Ford Health and Motown Museum expansion projects with freeway access, redevelopment momentum, and reported Opportunity Zone designation.
Description
The property’s location provides convenient access to Interstate 94 and the M-10 Lodge Freeway, supporting connectivity throughout the Detroit metropolitan area. Downtown Detroit, Midtown, New Center, and major employment centers are all located within a short drive, providing access to a large workforce base, healthcare institutions, cultural attractions, educational facilities, and established commercial activity. These surrounding demand generators contribute to ongoing redevelopment interest throughout the corridor.
Property Taxes
| Parcel Number | 08-001613 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $10,100 |
Property Taxes
Contact the Sale Advisor
1444 Ferry Park St