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Restored Historic Storefront
For Lease
$1,600/Mo

117 Pearl St Unit 1, Ypsilanti, MI 48197

Open commercial layout with a rear room and full basement storage for retail, office, or service use.

Space SizeContact for details
Days on Market9

Property Features for 117 Pearl St Unit 1

General Information

Standard status Active

Additional Details

Lease Rate $1,600 /USD/MO

Building Details

Year Built 1890
Listing Agency: Real Estate One Inc
Listed By: Tyler Weston
Source: Katie-k
Added: Aug 21 Changed: Aug 28 Last Checked: Aug 25 at 4:57AM

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 Real Estate One Inc

Investment Insights

Based on property information with market context.

Built in 1890, this storefront at 117 Pearl St Unit 1 combines original hardwood flooring and exposed brick with a restored interior. The main level is arranged around an open plan, allowing the space to support retail, boutique, office, or service-oriented operations.

A separate rear room adds flexibility for private office, work, or storage needs. The lease also includes a full basement providing additional clean storage area. A minimum three-year lease term applies.

Key Highlights

  • 1890 construction with original hardwood floors and exposed brick
  • Open main‑level layout suited to retail, boutique, office, or service uses
  • Separate rear room for office, workspace, or storage

Property Analytics

Current Use

Fun Girl Dance ... Training Center

Suggested Use

Top Pick Dental Office HVAC Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Real Estate Agency Electrical Service

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

NNN (Triple Net)
Lease Type
$3.14 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,231
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 54% Dining 27% Home Improvements & Furnishings 11% Electronics 8%
Family Dollar Shops & Services
4,787 visits/mo 0.3 miles
KFC Dining
4,562 visits/mo 0.2 miles
Sunoco Shops & Services
2,067 visits/mo 0.2 miles
Ypsi Hardware Home Improvements & Furnishings
1,861 visits/mo 0.1 miles
Metro by T-Mobile Electronics
1,358 visits/mo 0.4 miles

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

Market

Lease Benchmarks for Ypsilanti, MI

$19.16 /SF/Yr
Avg Asking Price
$15–$21.11 /SF/Yr
Price Range
2,138 SF
Avg Space Size

This space is priced 9% above the average of $19.16 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Flowers By C & C W Michigan Ave, Ypsilanti, MI 48197

Frequently Asked Questions

What type of property is this?
Storefront property - Open commercial layout with a rear room and full basement storage for retail, office, or service use.
Where is this storefront property located?
The property is located at 117 Pearl St Unit 1 Ypsilanti, MI.
What is the lease rate?
The lease rate is $1,600/Mo.
What are key features of this property?
This property features: 1890 construction with original hardwood floors and exposed brick; Open main‑level layout suited to retail, boutique, office, or service uses; Separate rear room for office, workspace, or storage
More about this property
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