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Restaurant Building with Hood Vent
New
For Sale
$329,000

1004 W Michigan Ave, Ypsilanti, MI 48197

Existing food-service improvements and included equipment support a restaurant operation in a distinctive residential-style building.

Property Size2,300 SF
Price / SF$143.04
Days on Market4

Property Features for 1004 W Michigan Ave

General Information

Standard status Active
Size 2,300 SF
Property subtype Commercial
Zoning B-1

Restaurant

Commercial Hood Yes
Equipment Included Yes

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $8,400

Building Details

Year Built 1901
Units 1
Listing Agency: Beal Properties LLC
Listed By: Michael Slater
Source: Elliman
Added: Oct 26 Changed: Oct 27 Last Checked: Oct 28 at 8:49AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beal Properties LLC

Rey
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Investment Insights

Based on property information with market context.

Set along W Michigan Ave in Ypsilanti, this 2,300 SF property was built in 1901 and adapted for restaurant use. The interior includes a compact dining area and restrooms, with a functional hood vent system and restaurant equipment included. A parking lot is located behind the building.

The property is zoned B-1 and fronts W Michigan Ave, a main corridor. Downtown Ypsilanti, Eastern Michigan University, and I-94 are a short drive away.

Key Highlights

  • 2,300 SF building adapted for restaurant use
  • Functional hood vent system in place
  • Restaurant equipment included

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

A Taste Of Soul By ... Restaurant

Suggested Use

Top Pick Dental Office HVAC Service Kitchen & Bath Showroom Furniture & Home Goods Pharmacy Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access
Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

374
Businesses Nearby
Under-served
Demand for This Use

Demographics for 48197, MI

67,895
Population
28,649
Households
2.4
Avg Household Size
33
Median Age
47%
College-Educated
94%
High-School Grad
41.2 sq mi
ZIP Area
1,648
Density / Sq Mi
$70,913
Median Household Income
$39,314
Median Earnings
$1,203
Median Rent
$274,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Restaurant - Existing food-service improvements and included equipment support a restaurant operation in a distinctive residential-style building.
Where is this restaurant located?
The property is located at 1004 W Michigan Ave Ypsilanti, MI.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 2,300 SF building adapted for restaurant use; Functional hood vent system in place; Restaurant equipment included
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