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Versatile Industrial Property in Ypsilanti

4163 E Morgan, Ypsilanti, MI 48197

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For Sale

$3,750,000

24,300 SF industrial property suitable for manufacturing and distribution.

Type:Industrial

Property size:

24,300 SF

Lot size:

2.26 Acres

Price / SF:

$154/SF

We can help!

Contact an agent

Jeff Evans

Real Estate License ID: MI #6506045981

HighLights

24,300 SF light industrial property suitable for manufacturing, warehousing, and distribution.
Divisible into two 12,150 SF suites for single or multi‑tenant occupancy.
Convenient access to I‑94 & US‑23 via class A roads.
Features include grade‑level and truckwell doors, fire sprinkler system, and 20+ foot ceilings.
Equipped with 400 amp 480/277v 3‑phase electric power.
Situated on 2.26 acres in an I‑General Industrial zoning district.

Learn more

For Sale

$3,750,000

24,300 SF industrial property suitable for manufacturing and distribution.

Type:Industrial

Property size:

24,300 SF

Lot size:

2.26 Acres

Price / SF:

$154/SF

Added:: Feb 26, 2026
Days on Market:: 130
Last Refresh:: Feb 26 at 8:55 pm

Property Features for 4163 E Morgan

General Information

Standard status: Active
Size: 24,300 SF
Lot size: 2.26 Acres
Property subtype: Industrial

We can help!

Contact an agent

Jeff Evans

Listing office Swisher Commercial

Listing date Feb 26, 2026

Source Swishercommercial

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 Swisher Commercial

HighLights

24,300 SF light industrial property suitable for manufacturing, warehousing, and distribution.
Divisible into two 12,150 SF suites for single or multi‑tenant occupancy.
Convenient access to I‑94 & US‑23 via class A roads.
Features include grade‑level and truckwell doors, fire sprinkler system, and 20+ foot ceilings.
Equipped with 400 amp 480/277v 3‑phase electric power.
Situated on 2.26 acres in an I‑General Industrial zoning district.

Overview

Located in Ypsilanti, this light industrial property at 4163 E Morgan Road is designed for efficiency and versatility, accommodating various manufacturing, warehousing, and distribution needs. The facility totals 24,300 square feet, divided into two suites of 12,150 square feet each, suitable for single or multi-tenant occupancy. Each suite includes a 14'x14' grade-level, motor-operated overhead door and 8'x10' overhead doors at the truckwell. The shop/warehouse features a fire sprinkler system and ceilings exceeding 20 feet in height. Public sewer and water services are available. The property has 400 amp, 480/277v, 3-phase electric power. Situated on 2.26 acres, the property is zoned I-General Industrial, intended for light manufacturing, other limited industrial, wholesale, and warehousing uses. It is located in Pittsfield Township, with convenient access to I-94 and US-23 via Class A roads. The property can be custom built to suit.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$364.5k	$15.00
− Vacancy	−$42.3k	−$1.74
EGI	$322.2k	$13.26
− OpEx	−$48.3k	−$1.99
NOI	$273.9k	$11.27

24,300 SF · lease $15.00/SF/yr · vacancy 11.60% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$3.91M

$3.42M – $4.56M (±1% cap)

NOI $273,885 @ 7.0% cap · market cap 7.30%

Second Best

Industrial

$3.22M

$2.82M – $3.76M (±1% cap)

NOI $225,553 @ 7.0% cap · market cap 6.01%

Theoretical Best

Office A

$7.14M

$6.25M – $8.33M (±1% cap)

NOI $499,802 @ 7.0% cap · market cap 13.33%

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

Location Intelligence

Current Use by Public Records

Manufacturing properties

Suggested Use

Similar Places Nearby

The Place With Space — 5200 W Michigan Ave, Ypsilanti, MI 48197
CubeSmart Self Storage — 4251 Carpenter Rd, Ypsilanti, MI 48197
Iron Mountain — 5000 Carpenter Rd, Ann Arbor, MI 48107
Pirates Cove Storage Ypsilanti — 4955 Carpenter Rd, Ypsilanti, MI 48197

Location Insight

Map
Local Demand

City: Ypsilanti
County: Washtenaw
State: Michigan
Longitude: -83.673503
Latitude: 42.216819

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For sale
Warehouses
MI
Ypsilanti
48197
4163 E Morgan

What type of property is this?

Warehouse - 24,300 SF industrial property suitable for manufacturing and distribution.

Where is this warehouse located?

The property is located at 4163 E Morgan Ypsilanti, MI.

What is the asking price?

The asking price for this property is $3,750,000.

What are key features of this property?

This property features: 24,300 SF light industrial property suitable for manufacturing, warehousing, and distribution.; Divisible into two 12,150 SF suites for single or multi‑tenant occupancy.; Convenient access to I‑94 & US‑23 via class A roads.