Third-Floor Office
For Sale
Contact for pricing
101 W Michigan Avenue 3rd Floor, Ypsilanti, MI 48197
Large windows, high ceilings, a kitchenette, and an ADA bathroom support a practical office layout.
Property Size1,200 SF
Price / SF$0.02
Days on Market95
Property Features for 101 W Michigan Avenue 3rd Floor
General Information
Standard status
Active
Size
1,200 SF
Elevators
No
Additional Details
Floor
3
Amenities
large windows with dramatic views
high ceilings
kitchenette
ADA bathroom
Listing Agency:
C. Hedger Breed
Listed By:
C. Breed · License #6504193788
(734) 216-4666
Source:
Alexmi
Added: Jul 15
Changed: Oct 4
Last Checked: Oct 16 at 8:44AM
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 C. Hedger Breed
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200-square-foot office unit is located on the third floor of a walk-up building at 101 W Michigan Avenue in Ypsilanti. The space includes large windows, high ceilings, a kitchenette, and an ADA bathroom, with views from the office area.
The property is available now and provides a defined office setting for an occupant seeking a third-floor suite in downtown Ypsilanti.
The property is available now and provides a defined office setting for an occupant seeking a third-floor suite in downtown Ypsilanti.
Key Highlights
- 1,200 sq ft office unit on the 3rd floor
- Large windows with views
- High ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,511
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,220
$370.2K
Cap Rate 7%
$264,443
$264.4K
Cap Rate 9%
$205,678
$205.7K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$28.8K $24.00/SF
− Vacancy
−$4.1K −$3.43/SF
EGI
$24.7K $20.57/SF
− OpEx
−$6.2K −$5.14/SF
NOI
$18.5K $15.43/SF
Area
Washtenaw County, MI
Vacancy
14.30%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,220
Cap Rate 7%
$264,443
Cap Rate 9%
$205,678
Alternative Uses
Best Use
Office B
$264.4K
$231.4K – $308.5K
NOI $18,511 @ 7.0% cap · market cap 77,129.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$352.6K
$308.5K – $411.4K
NOI $24,682 @ 7.0% cap · market cap 102,841.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,246
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Large windows, high ceilings, a kitchenette, and an ADA bathroom support a practical office layout.
Where is this office units located?
The property is located at 101 W Michigan Avenue 3rd Floor Ypsilanti, MI.
What are key features of this property?
This property features: 1,200 sq ft office unit on the 3rd floor; Large windows with views; High ceilings
