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    513 Cross St Ypsilanti, MI 48197

    Sponsored
    For Sale
    $399,999

    Profitable, established dispensary in prime location.

    Property size:
    966 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This thriving adult-use cannabis provisioning center, established in 1940 and renovated, is available for sale in Ypsilanti, Michigan. The 966 square foot building sits on a 0.02-acre lot and is zoned C. This is a rare opportunity to acquire a fully operational business with an existing license, in a high-traffic area directly across from Eastern Michigan University's campus and near Washtenaw Community College. The property benefits from its location in a walkable neighborhood with ample public parking nearby, surrounded by established local and national retailers. The asking price is $399,999, translating to $414.08 per square foot. This single-story building presents a strong investment opportunity for an owner-user seeking a core investment in a well-established, profitable business. The buyer has the option to purchase both the license and the business, or to lease the real estate separately. This is one of the first Michigan-approved provisioning centers to open in Ypsilanti, ensuring a strong track record and established customer base. The property's prime location and high visibility guarantee maximum exposure and continued success.

    Property Features for 513 Cross St

    General Information

    Property type
    Individual retail properties
    Square Feet
    966 SF
    Class
    C
    Lot Size
    871 SF

    Building Details

    Year Built
    1940
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Cross Street Shop Cannabis Store Cross Street Services ... Cannabis Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ypsilanti
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.6196798
    Latitude
    42.2455645

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    FAQs

    What type of property is this?
    Individual retail property - Profitable, established dispensary in prime location.
    Where is this individual retail property located?
    The property is located at 513 Cross St Ypsilanti, MI.
    What is the asking price?
    The asking price for this property is $399,999.
    Request Owner's contact information
    513 Cross St Ypsilanti, MI 48197
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    Realmo Value Estimation

    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.

    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.

    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
    513 Cross St Ypsilanti, MI 48197
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