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1456 Ferry Park St 0.08 Acres of Commercial Land Offered at $1,000,000 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
1456 Ferry Park Street presents an attractive land acquisition in the heart of Detroit’s vibrant redevelopment corridor. The property is being sold strictly for land value, and the broker will handle demolition of the current structure at no cost to the buyer, allowing for a clean start for future development.
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.
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 | $1,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 0.08 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $1,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.08 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $1,000,000 | Lot Size | 0.08 AC |
| Price Per AC | $12,500,000.00 |
| Price | $1,000,000 |
| Price Per AC | $12,500,000.00 |
| Lot Size | 0.08 AC |
1 1
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 08-001612 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $11,900 |
Property Taxes
Parcel Number
08-001612
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$11,900
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1456 Ferry Park St
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