401 Michigan AveYpsilanti, MI 48198
- Commercial real estate
- 1,188 SF
Property Details for 401 Michigan Ave
- Year built
- 1940
- Lot size
- 0.30 AC
- Property size (Sq ft)
- 1,188 SF
- Zone code
- GC
- Property type
- Commercial real estate
- APN
- 11-11-09-184-008
- APU
- 111109184008
Description
This exceptional 1,370 square foot retail space, located at 401 E Michigan Ave in Ypsilanti, Michigan, presents a unique investment opportunity. Situated in Washtenaw County and conveniently near N Grove Street, this single-tenant property boasts a prime commercial/retail zoning designation. Built in 1940, the building offers a rich history and established presence within the community. The property's size makes it ideal for a variety of retail uses, and its location ensures high visibility and accessibility for customers. The building's single-tenant occupancy simplifies management and provides a stable income stream. This property is perfect for an owner-occupier seeking a well-established location or an investor looking for a strong return. The address is easily accessible and benefits from excellent visibility on E Michigan Ave. The property's municipal approval as a provisioning center adds significant value and potential for specialized retail operations. This is a rare opportunity to acquire a well-positioned retail space in a thriving Michigan community. The property's 1,370 square feet provides ample space for a variety of retail businesses, while its single-tenant status offers ease of management and predictable income. The building's age adds character and charm, while its location ensures high foot traffic and visibility. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is zoned for commercial/retail use, offering flexibility for a range of businesses. This is a chance to own a piece of Ypsilanti's vibrant commercial landscape.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $232,782
- Hospitality
- $213,227
- Educational
- $177,402
- Medical
- $183,503
- Retail
- $275,959
Location Insight
- City
- Ypsilanti
- County
- Washtenaw
- State
- Michigan
- Latitude
- 42.2414
- Longitude
- -83.6037
- CBSA code
- 11460
- CBSA name
- ANN ARBOR, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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