Renovated Industrial Flex
59 Ecorse Road Ypsilanti, MI 48198
For Sale
$850,000
COMMERCIAL - Ypsilanti, MI
Property Size5,656 SF
Lot Size0.36 Acres
Price / SF$150.28
Days on Market478
Property Features for 59 Ecorse Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Rooms
Bathroom 1
Parking
16
Standard status
Active
APN
11-11-10-268-007
Size
5,656 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
*OLD SID - 11 11-020-113-00 YP CITY1-E94B LAND COM ON W LINE EMERICK 172' N OF E LINE ECORSE RD, TH N 114' TH SWLY ...
Tax Annual Amount
17385
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1955
Number of units
1
Building materials
Block
Listing Agency:
C. Hedger Breed
(734) 216-4666
Listed By:
C. Breed · License #6504193788
(734) 216-4666
Added: Apr 9, 2025
Changed: Apr 15
Last Checked: Jul 30 at 2:06AM
MLS# 25014290
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a flexible space with light industrial zoning that has been fully renovated since 2021. The roof is of torch-down modified bituthene (Duro Last), fully insulated, and 55% of the metal deck has been replaced. The building was tuck pointed and completely painted inside and out. All light fixtures have been changed to modern, high-efficiency factory floor-level lighting, and the floors have been epoxy coated. The property includes garage-style bay doors on both sides of the building, for a total of six. The property is located on Michigan Avenue between US-23 and I-275, with direct access to I-94. The lot size is 0.36 acres, and the property size is 5,656 square feet. The property is located in Ypsilanti, Michigan, in Washtenaw County.
Key Highlights
- Fully renovated since 2021.
- Light industrial zoning offers flexible space usage.
- Excellent location on Michigan Avenue between US‑23 and I‑275 with direct access to I‑94.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.8k | $15.00 |
| − Vacancy | −$9.8k | −$1.74 |
| EGI | $75.0k | $13.26 |
| − OpEx | −$22.5k | −$3.98 |
| NOI | $52.5k | $9.28 |
5,656 SF · lease $15.00/SF/yr · vacancy 11.60% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$1.23M
$1.07M – $1.43M
NOI $85,798 @ 7.0% cap · market cap 10.09%
Second Best
Industrial
$750.0K
$656.2K – $875.0K
NOI $52,499 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,333 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Industrial property - Fully renovated flex space with light industrial zoning in Ypsilanti.
Where is this industrial property located?
The property is located at 59 Ecorse Road Ypsilanti, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Fully renovated since 2021.; Light industrial zoning offers flexible space usage.; Excellent location on Michigan Avenue between US‑23 and I‑275 with direct access to I‑94.
