Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lower-Level Office Suite Title is generated by Realmo AI

    2520 Packard Road, Ypsilanti, MI 48197

    View on Map
    Claim this Listing
    For Lease
    $12 SF/Yr $840/Mo (calc)

    COMMERCIAL - Ypsilanti, MI

    Type:Office
    Property size:
    840 SF
    Lot size:
    0.30 Acres
    Added:
    Feb 2, 2026
    Days on Market:
    120
    Last Refresh:
    Jun 2 at 6:06 pm

    Property Features for 2520 Packard Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Rooms
    Basement
    Parking
    16
    Parking features
    Driveway
    Fireplace
    1
    Standard status
    Active
    APN
    K-11-06-379-013
    Size
    840 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    YP#106-42-43; LOTS 42-43 WESTLAWN SUB.

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1978
    Building materials
    Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Tyler Weston
    Tyler Weston

    Listing agent Tyler Weston

    Listing office Real Estate One Inc 1673 S Huron, Ypsilanti, MI

    Listing date Feb 2, 2026

    MLS# 26003789

    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.

    HighLights

    • Lower‑level office suite with 2 private offices, spacious meeting room, break room, and 2 restrooms
    • Tenant pays separate utilities
    • Driveway parking available
    • Central air conditioning and forced‑air heating
    • Fireplace present
    • Built in 1978 with vinyl siding and a composition roof

    Overview

    This lower-level office suite offers a practical, business-ready layout with two private offices, a spacious meeting room, a break room, and two restrooms. The space is designed to support both day-to-day work and client meetings in a professional setting.

    Located on Packard Road in Ypsilanti, the suite benefits from a location that supports strong business visibility, including signage opportunities. Plenty of parking is available for tenants and visitors, and the suite is situated among other professional service providers.

    The configuration makes this suite well-suited for a range of professional users such as consultative services, back-office operations, or teams that need a dedicated meeting space alongside private work areas. Tenants should note that utilities are paid separately. Overall, it’s a straightforward option for an office operator seeking a well-organized interior plan in a convenient, parking-friendly setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Ypsilanti
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.651571
    Latitude
    42.245373

    Nearby Similar for Lease

    • $1,250/Mo
      1,000 SF

      Ypsilanti Office Space Available

      Flexible office space ideal for medical or professional services.
      740 EMERICK Street, Ypsilanti, MI 48198
      View Details
    • $1,750/Mo
      1,500 SF

      Ypsilanti Office Space Available

      Office space for medical, wellness, accounting, or professional services.
      740 EMERICK Street, Ypsilanti, MI 48198
      View Details
    • $32 SF/Yr
      315 SF

      Office Building with Multiple Units

      Office building in Ypsilanti with various sized units available.
      61 N Huron Street, Ypsilanti, MI 48197
      View Details
    • $12,420/Mo
      10,800 SF

      Ypsilanti Warehouse and Retail Space

      10,800 sq ft commercial building available for lease.
      265 S HARRIS Road, Ypsilanti, MI 48198
      View Details
    • $1,689/Mo
      32,040 SF

      Office Space in Historic Downtown

      Office space with natural light, private bathroom, and kitchenette.
      124 Pearl Street E, Ypsilanti, MI 48197
      View Details
    • $1,200/Mo
      600 SF

      Ypsilanti Arts District Creative Space

      Unique studio/retail space in the heart of Ypsilanti's Arts District.
      56 N Huron St, Ypsilanti, MI 48197
      View Details
    • $16 SF/Yr
      2,156 SF

      Medical Suite in Ypsilanti Township

      Remodeled medical suite with exam and X-ray rooms available.
      1649 S Huron St, YpsilantiCharterTownship_Washtenaw, MI 48197
      View Details
    • $15 SF/Yr
      1,700 SF

      Downtown Ypsilanti Retail and Residential

      Retail space with upstairs residential unit in downtown Ypsilanti.
      108 W Michigan Avenue, Ypsilanti, MI 48197
      View Details
    • $1,250/Mo
      1,000 SF

      Ypsilanti Office Space For Rent

      Office space in Ypsilanti, suitable for various professional services.
      740 EMERICK St 200, Ypsilanti, MI 48198
      View Details
    • $975/Mo
      32,040 SF

      Ypsilanti Office Space For Rent

      Office space in historic downtown Ypsilanti with natural sunlight.
      124 Pearl Street E, Ypsilanti, MI 48197
      View Details
    • $8,000/Mo

      Turnkey Retail Space for Sublease

      Former adult-use provisioning center with license and FFE included.
      2 W Forest Ave, Ypsilanti, MI 48197
      View Details
    • $3,000/Mo
      2,000 SF

      Retail/Office Space Available

      Move-in ready retail or office space in Ypsilanti.
      1769 washtenaw, Ypsilanti, MI 48917
      View Details

    FAQs

    What type of property is this?
    Office units - Functional lower-level suite with private offices, a meeting room, break room, and on-site restrooms.
    Where is this office units located?
    The property is located at 2520 Packard Road Ypsilanti, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Lower‑level office suite with 2 private offices, spacious meeting room, break room, and 2 restrooms; Tenant pays separate utilities; Driveway parking available
    (734) 657-3439
    We can help!
    Listing Contact
    Tyler Weston
    Tyler Weston
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2520 Packard Road, Ypsilanti, MI 48197
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!