1159 Michigan AveYpsilanti, MI 48198

Property Details for 1159 Michigan Ave

Year built

1966

Lot size

1.90 AC

Property size (Sq ft)

15,633 SF

Property type

Medical offices

Property subtype

Medical centers

APN

K -11-10-125-015

APU

K1110125015

Description

This 15,633-square-foot Class C medical office building, located at 1159 E Michigan Ave in Ypsilanti, Michigan, offers multiple suites for lease. Currently, 11,770 square feet are vacant, divisible into spaces ranging from 1,640 to a maximum contiguous 5,885 square feet. Built in 1966, the property sits on a 1.898-acre lot and is zoned RC - Regional Corridor. The building boasts excellent visibility from Michigan Avenue and ample parking (3.8 spaces per 1,000 square feet). Existing building amenities include 14 exam rooms, 4 private restrooms, 2 X-ray rooms, a large break room, a spacious reception area, a 303-square-foot laboratory, and a fully equipped Mobile Imaging truck area with a dedicated waiting room. The property's location within Ypsilanti's thriving market is complemented by a diverse mix of existing medical tenants, including a pharmacy and physical therapy practice. The Washtenaw County location, with APN K-11-10-125-015, offers a strategic advantage for medical professionals seeking a well-established and convenient location. This is a prime opportunity to secure high-quality medical office space in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,676,181

  6.5%

  $2,470,321

  7%

  $2,293,870

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,462,311

  Geo Method

  $1,462,311

• Alternative Use

  Use

  Valuation

  Residential

  $3,063,198

  Hospitality

  $2,805,873

  Educational

  $2,334,453

  Medical

  $2,414,739

  Retail

  $3,631,372

Location Insight

City

Ypsilanti

County

Washtenaw

State

Michigan

Latitude

42.2449

Longitude

-83.5885

CBSA code

11460

CBSA name

ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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