For Sale
$499,999

401 Michigan AveYpsilanti, MI 48198

Cannabis Provisioning Center, Retail Ready

Overview

Added:
Dec 11, 2024
Days on market:
118
This 1,370 square foot storefront, located at 401 E Michigan Ave in Ypsilanti, Michigan, presents a unique investment opportunity. Built in 1940, this property sits on a 0.3-acre lot and is zoned for retail use. Currently operating as a municipally approved adult-use provisioning center, the sale includes both the license and real estate. Alternatively, the license can be purchased separately, with the real estate available via an Absolute NNN Lease. A build-to-suit construction model or tenant incentives are also options. The property's prime downtown Ypsilanti location offers exceptional visibility, benefiting from proximity to Eastern Michigan University, Washtenaw Community College, and IHA Trinity Health. Its walkable neighborhood boasts a mix of local and national retailers, surrounded by a high-density residential population. The asking price is $499,999, translating to $364.96 per square foot. This versatile property is ideal for both cannabis-related and traditional retail businesses, making it a highly attractive investment in a thriving Michigan community. The property's zip code is 48198, and it is situated in Washtenaw County.

Highlights

  • Turnkey adult-use cannabis provisioning center for sale, including license and real estate.
  • License available for separate purchase; building can be leased on an absolute NNN basis, with build-to-suit or tenant incentive options.
  • Suitable for various retail uses beyond cannabis.
  • High-visibility Downtown Ypsilanti location near Eastern Michigan University, Washtenaw Community College, and IHA Trinity Health.
  • Prime location in a walkable neighborhood with strong residential density and established retailers.

Property Details for 401 Michigan Ave

Property type
Specialty properties, Retail properties
Square Feet
1,370 SF
Year Built
1940
Buildings
1
Lot Size (sq. ft)
13,068 SF

Location Insight

City
Ypsilanti
County
Washtenaw
State
Michigan
Latitude
42.2414136
Longitude
-83.6037159
401 Michigan Ave, Ypsilanti, Michigan

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401 Michigan Ave
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