2830 Michigan AveYpsilanti, MI 48198

Property Details for 2830 Michigan Ave

Lot size

5.07 AC

Property size (Sq ft)

1,160 SF

Property type

Office buildings

APN

K -11-01-300-018

APU

K1101300018

Description

This exceptional 1,160 square foot industrial property in Ypsilanti, Michigan, presents a compelling investment opportunity. Situated on a generous 5.07-acre lot, this property boasts nearly 500 feet of frontage on Michigan Avenue, providing unparalleled visibility and accessibility. The expansive, fenced gravel lot offers ample space for storage, equipment, or future development. A 1200 square foot office building is included on the site, providing immediate workspace. The property's strategic location offers excellent east/west access via Michigan Avenue and I-94, ensuring seamless transportation and logistics. The flexible zoning allows for a wide range of potential uses, making this property ideal for businesses seeking a versatile and strategically located space. For detailed zoning information, please consult the provided link: https://library.municode.com/mi/ypsilanti_charter_township,_ (washtenaw_co.)/codes/code_of_ordinances?nodeId=COOR_APXAZO_ARTVFOBADI. This property is priced at $1,500,000 and represents a rare chance to acquire a significant industrial asset in a high-demand area. The combination of size, location, and zoning flexibility makes this an exceptional opportunity for a discerning buyer.

• CAP approach

  CAP return

  Valuation

  6%

  $198,578

  6.5%

  $183,303

  7%

  $170,210

• Comparable approach

  Method

  Valuation

  Relative Method

  $108,506

  Geo Method

  $108,506

• Alternative Use

  Use

  Valuation

  Residential

  $227,295

  Hospitality

  $208,201

  Educational

  $173,221

  Medical

  $179,178

  Retail

  $269,455

Location Insight

City

Ypsilanti

County

Washtenaw

State

Michigan

Latitude

42.2519

Longitude

-83.5545

CBSA code

11460

CBSA name

ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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