The Freighthouse, next to Frog Island Park on the north side of Depot Town, has been used as a community center, hosting the Depot Town Farmers Market, a café, and various community meetings and events. The Freighthouse is part of the Ypsilanti Historic District, and is listed in the National Register of Historic Sites.
The building's condition forced its closure in 2004. The Friends of the Ypsilanti Freighthouse (FOYF), a 501(c)(3) non-profit organization and the City, have raised money and received grants for the various repairs required to re-open the building. Today the Freighthouse is once again available for community and private events.
In April of 2020, management of the Freighthouse transitioned from the the Friends to the City of Ypsilanti.