3345 Ferry Street, Detroit, Michigan 48211

$19,900

Property Details

MLS#: 20251060612
Bedrooms: 3
Bathrooms: 1
Square Feet: 1,363
Price per Sqft: $15
Lot Size: 0.12 acres
Year Built: 1913
Property Type: Residential
Status: Active
Days on Market: 49

Description

Redevelopment opportunity in Poletown East/Farnsworth neighborhood. The existing structure will require rehabilitation, making this site well-suited for investors, builders, or end users looking to create a project aligned with neighborhood revitalization efforts. The property is positioned with convenient access to Midtown, the Detroit Medical Center, Eastern Market, GM, and surrounding east-side neighborhoods. The surrounding micro-neighborhood reflects continued reinvestment, including new development, renovations, and urban agriculture initiatives, offering strong potential for future growth in accordance with Detroit Land Bank Authority program requirements. Room measurements are estimated and should be verified. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a settlement in lieu of taxes, determined after DLBA review of the development pro forma and financing.

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 3345 Ferry Street?

3345 Ferry Street is listed at $19,900, or $15 per square foot.

How many bedrooms does 3345 Ferry Street have?

This property has 3 bedrooms and 1 bathrooms, with 1,363 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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