Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    12 Forest Ave Ypsilanti, MI 48198

    Sponsored
    For Sale
    $1,500,000

    58,925 SF Warehouse, Prime Location

    Property size:
    58,925 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 58,925-square-foot industrial property in Ypsilanti, Michigan, presents a compelling redevelopment opportunity. Located at 12 E Forest Ave, this single-story building sits on a 2.56-acre lot (APN: 11-11-04-461-002) and is zoned PMD (Production, Manufacturing, Distribution), offering versatility for various commercial or creative uses. The property boasts three loading docks and three dock-high doors, enhancing its functionality. Its strategic location near the vibrant Depot Town, with its thriving retail and restaurant scene, provides high visibility and easy access to Michigan Avenue and I-94. The proximity to the soon-to-be-redesigned Freighthouse Plaza further enhances its appeal and accessibility. This property benefits from the ongoing revitalization efforts in the area, presenting a strong investment opportunity with significant potential for appreciation and growth. The historic charm of Depot Town adds unique value to any redevelopment project, making this a truly exceptional chance to be part of Ypsilanti's exciting transformation. The asking price is $1,500,000.

    Property Features for 12 Forest Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    58,925 SF
    Lot Size
    111,514 SF

    Building Details

    Stories
    1

    HighLights

    • Investment opportunity in historic Depot Town, Ypsilanti.
    • 58,925 SF building on a 2.56‑acre lot (APN: 11‑11‑04‑461‑002), zoned PMD.
    • Versatile space suitable for redevelopment; various commercial or creative uses.
    • High‑visibility location near retail, restaurants, Michigan Ave, and I‑94; across from Freighthouse Plaza.
    • Three loading docks and three dock‑high doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ypsilanti
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.6111515
    Latitude
    42.2490108

    Nearby Similar for Sale

    • New
      $315,000
      0.14 Acres

      Ypsilanti Duplex Near EMU

      Fully tenanted duplex near Eastern Michigan University.
      611 Emmet St, Ypsilanti, MI 48197
      View Details
    • $850,000
      2,253 SF

      Spacious Farmhouse on 11 Acres

      Country oasis with 3 bedrooms near Ypsilanti and Ann Arbor.
      2762 N Harris Rd, Ypsilanti, MI 48198
      View Details
    • $380,000
      0.06 Acres

      Ypsilanti Multifamily Investment Opportunity

      Excellent investment property near EMU with potential for a third unit.
      308 Ballard St, Ypsilanti, MI 48197
      View Details
    • $358,000
      1,588 SF

      Updated Home with Workshop on Acreage

      Meticulously maintained home on 3.26 acres with outbuilding/workshop.
      6550 Hitchingham Rd, Ypsilanti, MI 48197
      View Details
    • $550,000
      1,884 SF

      Income-Generating Four-Unit Property

      Well-maintained four-unit property with immediate income potential in Ypsilanti.
      102 Spring St, Ypsilanti, MI 48197
      View Details
    • $282,000
      0.23 Acres

      Charming Multifamily Home with Updates

      Updated home near parks and eateries, potential for multifamily use.
      112 Perrin St, Ypsilanti, MI 48197
      View Details
    • $1,800,000
      2,822 SF

      Agricultural Property with Two Homes

      42.1-acre property featuring two residences and multiple outbuildings.
      2381 Ridge Rd, Ypsilanti, MI 48198
      View Details
    • $425,000
      3,400 SF

      Multi-Family Property with Rental Appeal

      Well-maintained multi-family property with spacious layouts and strong rental appeal.
      430 N Adams St N, Ypsilanti, MI 48197
      View Details
    • New
      $399,000
      0.14 Acres

      Ypsilanti Multifamily Property For Sale

      Multifamily property near EMU with month-to-month tenants.
      609 Emmet St, Ypsilanti, MI 48197
      View Details
    • $299,000
      4,433 SF

      Downtown Ypsilanti Mixed-Use Property

      Mixed-use property in the heart of Ypsilanti's historic district.
      8 W Michigan Ave, Ypsilanti, MI 48197
      View Details
    • $349,900
      2,250 SF

      Fully Occupied Triplex Near EMU

      Investment opportunity near Eastern Michigan University with long-term tenants.
      408 N Hamilton St, Ypsilanti, MI 48197
      View Details
    • $920,000
      0.37 Acres

      Ypsilanti Multifamily Income Property

      Modern 6-unit apartment building near Eastern Michigan University.
      221 N Normal St, Ypsilanti, MI 48197
      View Details

    FAQs

    What type of property is this?
    Distribution property - 58,925 SF Warehouse, Prime Location
    Where is this distribution property located?
    The property is located at 12 Forest Ave Ypsilanti, MI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Investment opportunity in historic Depot Town, Ypsilanti.; 58,925 SF building on a 2.56-acre lot (APN: 11-11-04-461-002), zoned PMD.; Versatile space suitable for redevelopment; various commercial or creative uses.
    Request Owner's contact information
    12 Forest Ave Ypsilanti, MI 48198
    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.
    12 Forest Ave
    Ypsilanti, MI 48198
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    12 Forest Ave Ypsilanti, MI 48198
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.