1145 Ecorse RdYpsilanti, MI 48198

Property Details for 1145 Ecorse Rd

Year built

1962

Lot size

0.16 AC

Property size (Sq ft)

2,340 SF

Property type

Office buildings

APN

K -11-10-461-003

APU

K1110461003

Description

This well-maintained, 2,340 square foot office building is available for purchase at $499,000. Located in Ypsilanti, Michigan, at 1145 Ecorse Road, this single-story, 1962-built property sits on a 0.164-acre lot and is zoned NC - Neighborhood Corridor. Benefitting from Ypsilanti Township taxes, the building offers ample parking and prominent road frontage with signage opportunities. The interior features a versatile floor plan including a large open workspace with abundant natural and recessed lighting, a reception/administrative area, a spacious conference room, private offices, and a restroom (plumbing exists for a second bathroom). Its convenient location provides easy access to US-12/Michigan Avenue and I-94, placing it within close proximity to Willow Run Airport, downtown Ypsilanti, and Eastern Michigan University. Surrounded by established neighborhoods and businesses, this property presents an ideal opportunity for a small business seeking ownership and equity building. The property's APN is K-11-10-461-003. The price per square foot is $213.25. The building is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $400,580

  6.5%

  $369,766

  7%

  $343,354

• Comparable approach

  Method

  Valuation

  Relative Method

  $218,884

  Geo Method

  $218,884

• Alternative Use

  Use

  Valuation

  Residential

  $458,510

  Hospitality

  $419,992

  Educational

  $349,429

  Medical

  $361,446

  Retail

  $543,556

Location Insight

City

Ypsilanti

County

Washtenaw

State

Michigan

Latitude

42.2354

Longitude

-83.5888

CBSA code

11460

CBSA name

ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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