Corner Storefront
For Sale
Contact for pricing
20 N Adams St, Ypsilanti, MI 48197
Zoned C, the property occupies a corner parcel near institutional and transit destinations.
Property Size2,064 SF
Price / SF$0.01
Days on Market268
Property Features for 20 N Adams St
General Information
Standard status
Active
Size
2,064 SF
Property subtype
Retail
Zoning
C
Site & Location
Corner Location
Yes
Highway Access
Yes
Building Details
Building Size
2,064 SF
Year Built
1948
Stories
1
Tenancy
Single Tenant
Listing Agency:
Lee & Associates of Michigan
Listed By:
Jason Um
(248) 351-3500
Source:
Cpix.resimplifi
Added: Feb 5
Changed: Oct 30
Last Checked: Oct 30 at 2:37PM
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 Lee & Associates of Michigan
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Investment Insights
Based on property information with market context.
This 2,064-square-foot storefront was built in 1948 and previously housed a dry cleaner. The property is zoned C and occupies a corner lot in Ypsilanti.
Nearby destinations include the University of Michigan Ypsilanti Health Center, MI-HQ’s Ypsilanti location, and the Ypsilanti Bus Transit Center, each across the street. Eastern Michigan University is minutes away, Michigan Avenue is one block away, and I-94 is accessible nearby.
Nearby destinations include the University of Michigan Ypsilanti Health Center, MI-HQ’s Ypsilanti location, and the Ypsilanti Bus Transit Center, each across the street. Eastern Michigan University is minutes away, Michigan Avenue is one block away, and I-94 is accessible nearby.
Key Highlights
- 2,064‑square‑foot storefront building, constructed in 1948
- Zoned C
- Corner lot in Ypsilanti
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,065
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,300
$561.3K
Cap Rate 7%
$400,929
$400.9K
Cap Rate 9%
$311,833
$311.8K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$43.3K $21.00/SF
− Vacancy
−$3.3K −$1.58/SF
EGI
$40.1K $19.43/SF
− OpEx
−$12.0K −$5.83/SF
NOI
$28.1K $13.60/SF
Area
Washtenaw County, MI
Vacancy
7.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,300
Cap Rate 7%
$400,929
Cap Rate 9%
$311,833
Alternative Uses
Best Use
Retail
$400.9K
$350.8K – $467.8K
NOI $28,065 @ 7.0% cap · market cap 187,100.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$606.5K
$530.7K – $707.5K
NOI $42,452 @ 7.0% cap · market cap 283,013.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,254
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 41%
Home Improvements & Furnishings 11%
Family Dollar
Shops & Services
4,787 visits/mo
0.5 miles
KFC
Dining
4,562 visits/mo
0.4 miles
Insomnia Cookies
Dining
2,371 visits/mo
0.4 miles
Sunoco
Shops & Services
2,067 visits/mo
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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 - Zoned C, the property occupies a corner parcel near institutional and transit destinations.
Where is this storefront property located?
The property is located at 20 N Adams St Ypsilanti, MI.
What are key features of this property?
This property features: 2,064‑square‑foot storefront building, constructed in 1948; Zoned C; Corner lot in Ypsilanti
