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    513 Cross St Ypsilanti, MI 48197

    For Sale
    $600,000

    Established Adult-Use Business, Prime Location

    Property size:
    966 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity presents a thriving adult-use provisioning center in Ypsilanti, Michigan. The property, located at 513 W CROSS, boasts 966 square feet on a 0.02-acre lot. This established business is one of the first licensed provisioning centers in Ypsilanti, benefiting from its early-mover advantage in a rapidly growing market. Its prime downtown location offers maximum visibility, situated directly across from Eastern Michigan University's campus and near Washtenaw Community College, ensuring high foot traffic and significant exposure to a large student population and the wider community. The property is conveniently located in a walkable neighborhood with ample public parking nearby, and is surrounded by established local and national retailers. The sale includes the option to purchase both the business license and the real estate, or to purchase the license and lease the real estate separately. This presents a unique opportunity for investors seeking immediate returns and long-term growth potential in a high-demand market. The property's strategic location and established business operation make it an attractive investment for experienced entrepreneurs and savvy investors alike. Don't miss this chance to acquire a profitable and well-positioned adult-use provisioning center in a vibrant college town.

    Property Features for 513 Cross St

    General Information

    Property type
    Industrial properties
    Square Feet
    966 SF
    Lot Size
    871 SF

    Building Details

    Year Built
    1919
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cross Street Shop Cannabis Store Cross Street Services ... Cannabis Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ypsilanti
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.6197
    Latitude
    42.24557

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    FAQs

    What type of property is this?
    Industrial property - Established Adult-Use Business, Prime Location
    Where is this industrial property located?
    The property is located at 513 Cross St Ypsilanti, MI.
    What is the asking price?
    The asking price for this property is $600,000.
    (248) 220-1110
    Request Owner's contact information
    513 Cross St Ypsilanti, MI 48197
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    Ypsilanti, MI 48197
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    513 Cross St Ypsilanti, MI 48197
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