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Bank Building
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123 W Michigan Ave, Ypsilanti, MI 48197

The building is currently configured with a bank finish in a downtown area.

Property SizeContact for details
Days on Market144

Property Features for 123 W Michigan Ave

General Information

Standard status Active
Property subtype Retail
Listing Agency: L. Mason Capitani
Listed By: Tom Jablonski · License #MI 6502136509
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 1:11PM

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 L. Mason Capitani

Investment Insights

Based on property information with market context.

This bank building has an existing configuration intended for banking operations. The property is located at 123 W Michigan Ave in Ypsilanti, Michigan, within a downtown setting.

Key Highlights

  • Existing configuration finished for banking use
  • Located at 123 W Michigan Ave in Ypsilanti, MI 48197
  • Downtown area setting

Property Analytics

Current Use

Banks

Suggested Use

Top Pick Dental Office HVAC Service Big Box & Wholesale Store Furniture & Home Goods (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,246
Businesses Nearby
26k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 70% Dining 18% Home Improvements & Furnishings 7% Electronics 5%
Citgo Shops & Services
8,714 visits/mo 0.5 miles
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 0.4 miles
Ypsi Hardware Home Improvements & Furnishings
1,861 visits/mo 0.1 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

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Bank - The building is currently configured with a bank finish in a 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: Existing configuration finished for banking use; Located at 123 W Michigan Ave in Ypsilanti, MI 48197; Downtown area setting
More about this property
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