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    123 W Michigan Ave Ypsilanti, MI 48198

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    For Lease
    $375,000

    Well-maintained former bank with parking in a bustling downtown area.

    Property size:
    2,748 SF
    Lot size:
    0.07 Acres

    Property Features for 123 W Michigan Ave

    General Information

    Size
    2,748 SF
    Lot size
    0.07 Acres

    Source: L. Mason Capitani, Inc. Agent Thomas Jablonski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Bank in Bustling Downtown

    This well-built and maintained property is located in a bustling downtown area. The property, formerly a bank, features front and rear entrances and includes a vault. It offers 2,748 square feet of space and includes 8 off-street parking spaces.
    Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ypsilanti
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.6140985
    Latitude
    42.2406686

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    FAQs

    What type of property is this?
    Bank - Well-maintained former bank with parking in a bustling downtown area.
    Where is this bank located?
    The property is located at 123 W Michigan Ave Ypsilanti, MI.
    What are key features of this property?
    This property features: - Bustling downtown area; - 8 off-street parking spaces; - Well built & maintained
    (248) 637-7794
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    123 W Michigan Ave Ypsilanti, MI 48198
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    Ypsilanti, MI 48198
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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
    123 W Michigan Ave Ypsilanti, MI 48198
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