Warehouse Property with Loading
New
For Sale
$1,100,000
120 E Cross Street, Ypsilanti, MI 48198
Commercial Sale, Ypsilanti, MI
Property Size4,772 SF
Lot Size0.46 Acres
Price / SF$230.51
Days on Market4
Property Features for 120 E Cross Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
50
Interior features
Broadband
Elementary school district
Ypsilanti
Middle school district
Ypsilanti
High school district
Ypsilanti
Standard status
Active
APN
11-11-09-107-006
Size
4,772 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
*OLD SID - 11 11-290-004-10 YP CITY 16E-5B E 34 FT LOT 4 & ALL LOTS 5 & 22 HUNTERS ADDITION 120 E CROSS
Tax Annual Amount
13826
Legal Description
*OLD SID - 11 11-290-004-10 YP CITY 16E-5B E 34 FT LOT 4 & ALL LOTS 5 & 22 HUNTERS ADDITION 120 E CROSS
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1953
Number of units
1
Building materials
Block
Roof type
Rubber
Listing Agency:
Real Estate One Inc
(734) 217-3000
Listed By:
Tyler Weston
(734) 657-3439
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 4:06PM
MLS# 26055574
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The warehouse property at 120 E Cross Street comprises two buildings totaling 4,772 square feet. Block construction, forced-air heat, central air conditioning, and rubber roofing are among the recorded building features. The roofs and systems have been updated, and the property includes two loading docks and a private parking area with more than 50 spaces.
The property is in Ypsilanti’s Depot Town area. The combined offering spans two parcels and includes 0.46 acres of land.
The property is in Ypsilanti’s Depot Town area. The combined offering spans two parcels and includes 0.46 acres of land.
Key Highlights
- Two buildings with a combined 4,772 square feet
- Two loading docks
- Private parking lot with 50+ spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,785
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,700
$1.1M
Cap Rate 7%
$768,357
$768.4K
Cap Rate 9%
$597,611
$597.6K
Market Conditions
NOI Build-Up for 4,772 SF
Gross rent
$71.6K $15.00/SF
− Vacancy
−$8.3K −$1.74/SF
EGI
$63.3K $13.26/SF
− OpEx
−$9.5K −$1.99/SF
NOI
$53.8K $11.27/SF
Area
Washtenaw County, MI
Vacancy
11.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,700
Cap Rate 7%
$768,357
Cap Rate 9%
$597,611
Alternative Uses
Best Use
Warehouse
$768.4K
$672.3K – $896.4K
NOI $53,785 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,150 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Dock-high doors
Location Intelligence
Trade Area within ½ mile
1,292
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48198, MI
40,067
Population
17,379
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
92%
High-School Grad
33.4 sq mi
ZIP Area
1,200
Density / Sq Mi
$63,678
Median Household Income
$36,671
Median Earnings
$1,197
Median Rent
$178,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - Two buildings offer a combined industrial property with private parking and recent roof and system updates.
Where is this warehouse located?
The property is located at 120 E Cross Street Ypsilanti, MI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two buildings with a combined 4,772 square feet; Two loading docks; Private parking lot with 50+ spaces
