Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Ypsilanti Arts District Creative Space Title is generated by Realmo AI

    56 N Huron St, Ypsilanti, MI 48197

    View on Map
    Claim this Listing
    For Lease
    $1,200/Mo $24 SF/Yr (calc)

    Unique studio/retail space in the heart of Ypsilanti's Arts District.

    Type:Commercial
    Property size:
    600 SF
    Added:
    May 20, 2026
    Days on Market:
    10
    Last Refresh:
    May 20 at 10:04 am

    Property Features for 56 N Huron St

    General Information

    Standard status
    Active
    Size
    600 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1926

    We can help!

    Listing Contact
    Colleen Kennedy

    Listing agent Colleen Kennedy

    Listing office

    Listing date May 20, 2026

    Source Elliman

    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 Colleen Kennedy

    HighLights

    • Prime location in the heart of Ypsilanti's vibrant arts district, next to Riverside Arts Center, benefiting from high foot traffic and visibility.
    • Flexible 600+ SF space suitable for a variety of creative or retail uses.
    • Includes desirable features such as exposed brick walls, high ceilings, wood‑look flooring, and abundant natural light.
    • Bonus features include a basement office/break area with kitchenette and a private rear patio/courtyard.
    • Large full bathroom with shower included.
    • Close proximity to popular destinations and the University of Michigan Health Center campus.

    Overview

    Located in downtown Ypsilanti's Arts District, this historic lower-level storefront at 56 N. Huron Street offers a unique commercial space next to the Riverside Arts Center. The property benefits from strong foot traffic, vehicle visibility, and nearby street parking. The approximately 600+ SF space features exposed brick walls, high ceilings, warm wood-look flooring, and abundant natural light. The flexible layout is suitable for a gallery, artist studio, salon, boutique retail shop, wellness space, creative office, tattoo studio, maker space, or photography studio. The unit includes a studio/retail area, an office or private workspace, a large full bathroom with shower, and a basement office/break area with a kitchenette and additional storage. A private rear patio and enclosed courtyard are suitable for outdoor seating, pop-ups, client gatherings, or events. The location is near the Riverside Arts Center, Ypsi Art Supply, Luna Gallery, Find & Shine Vintage, World of Rocks, Bird Dog Bakery, Beara Bakes, Cold Comfort Ice Cream, Ma Lou’s, and 22 North Gallery, and is blocks from the University of Michigan Health Center campus. The space is best suited for retail, studio, salon, gallery, office, or other low-impact commercial uses. Restaurant or heavy food-service uses will be considered in specific circumstances. The location has a bike score of 64, walk score of 81, and transit score of 52.
    Location Intelligence

    Current Use by Public Records

    Ypsilantique Vintage Clothing Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ypsilanti
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.6128092
    Latitude
    42.2419339

    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
    • $12 SF/Yr
      840 SF

      Ypsilanti Office Space Available

      Functional lower-level office suite with meeting room and parking.
      2520 Packard Road, Ypsilanti, MI 48197
      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
    • $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?
    Retail space - Unique studio/retail space in the heart of Ypsilanti's Arts District.
    Where is this retail space located?
    The property is located at 56 N Huron St Ypsilanti, MI.
    What is the lease rate?
    The lease rate is $1,200 /Mo.
    What are key features of this property?
    This property features: Prime location in the heart of Ypsilanti's vibrant arts district, next to Riverside Arts Center, benefiting from high foot traffic and visibility.; Flexible 600+ SF space suitable for a variety of creative or retail uses.; Includes desirable features such as **exposed brick walls, high ceilings, wood‑look flooring, and abundant natural light.**
    (248) 417-1396
    We can help!
    Listing Contact
    Colleen Kennedy
    Learn More
    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
    56 N Huron St, 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!