For Sale
$1,350,000

1159 Michigan Ave Ypsilanti, MI 48198

15,633 SF Medical Office, $1.35M

Overview

Added:
Dec 11, 2024
Days on market:
132
Exceptional investment opportunity: a 15,633 square foot Class C medical office building in Ypsilanti, Michigan, is available for $1,350,000. This single-story building, constructed in 1966, sits on a 1.898-acre lot with 57 parking spaces and boasts a prime location on East Michigan Avenue, offering high visibility. The property is zoned RC - Regional Corridor and features a diverse tenant mix including a pharmacy, physical therapy, and various medical specialties. The building offers versatile space, divisible to suit various needs, with up to 5,884 square feet currently available for lease. Existing features include 14 exam rooms, 4 private restrooms, 2 x-ray rooms, a large break room, a spacious reception area, and a 303 square foot laboratory. A unique feature is a fully equipped mobile imaging truck area with a private waiting area. This property presents an attractive opportunity for a user-owner seeking to generate rental income or an investor looking to capitalize on the strong medical tenant mix and potential value-add opportunities within the growing Ypsilanti market. The property's APN is K-11-10-125-015. The price per square foot is $86.36.

Highlights

  • Prime medical office building in Ypsilanti, MI.
  • Ideal user-owner opportunity with rental income potential.
  • Attractive medical tenant mix with value-add potential.
  • High-visibility location on East Michigan Avenue.
  • 303-5,884 square feet available for lease.
  • Features mobile imaging capabilities, exam rooms, and x-ray rooms.

Property Details for 1159 Michigan Ave

Property type
Office properties, Medical offices
Square Feet
15,633 SF
Class
C
Year Built
1966
Stories
1
Lot Size (sq. ft)
82,677 SF

Location Insight

City
Ypsilanti
County
Washtenaw
State
Michigan
Latitude
42.2447708
Longitude
-83.5885416

FAQs

What type of property is this?
Office property - 15,633 SF Medical Office, $1.35M
Where is the office property located?
The property is located at 1159 Michigan Ave Ypsilanti, MI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime medical office building in Ypsilanti, MI.; Ideal user-owner opportunity with rental income potential.; Attractive medical tenant mix with value-add potential.
How can I contact the broker?
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1159 Michigan Ave
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