255 E Ferry Street
Property Description
Offering 6,072 total square feet including the basement and loft, 255 E. Ferry Street presents a unique opportunity to restore a historic property while exploring its potential for multiple living spaces. The home sits on a deep 0.26-acre lot with a private driveway, generous yard and space for a potential carriage house that could provide an opportunity for an additional unit, subject to applicable approvals. The existing basement features a private exterior entrance, creating the potential to build it out as a separate residential unit or additional living space. Combined with the possibility of a future carriage house, the property offers flexibility for an owner looking to explore a multi-unit configuration as part of the larger restoration. Much of the groundwork for the property's next chapter is already complete. Architectural, construction and landscape plans have been approved by the Historic District Commission (HDC) and are ready to move forward to city permitting, giving the next owner a significant head start on the restoration process. Located in Detroit's Art Center Historic District near the Detroit Institute of Arts, College for Creative Studies, QLINE and other cultural destinations, 255 E. Ferry offers the opportunity to restore a piece of Detroit history while considering a range of future uses. Architectural and exterior landscape plans can be provided upon request with an accepted offer. The property currently has no power, so showings are limited to daylight hours. A disclosure for entry must be signed prior to entering the property. Floor plans are available in the downloadable documents.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $449,000 |
| No. of Units: | 3 |
| Year Built: | 1890 |
| Lot Size: | 3,876.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $149,667 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 4 |
ID: 3yd-REALCOMPMI-20261084756
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