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    5472 Michigan Ave Ypsilanti, MI 48197

    Sponsored
    For Sale
    $795,000

    Prime 1.22-acre commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.22-acre commercial land parcel, located at 5472 W Michigan Ave in Ypsilanti, Michigan, presents a unique investment opportunity. Situated on the northeast corner of Michigan Avenue (US-12) and Carpenter Road, this property boasts excellent visibility and accessibility. With 212 feet of frontage on Michigan Avenue and 100 feet on Carpenter Road, the site offers ample space for a variety of commercial developments. The property wraps around the Harvest Moon Restaurant, providing a strategic location within an established commercial area. The lot is flat, free of wetlands, and features readily available water and sewer connections. Existing curb cuts on both roads simplify access and development plans. A survey, topographic study, and soil borings are available for review, facilitating a streamlined development process. The property is zoned C-2, offering flexibility for various commercial uses. The APN is L-12-24-200-018. This is a rare opportunity to acquire a prime commercial site in a high-traffic area with all utilities in place, making it an attractive investment for developers and businesses alike. The asking price is $795,000.

    Property Features for 5472 Michigan Ave

    General Information

    Property type
    Land
    Lot Size
    53,143 SF

    HighLights

    • $795,000 asking price.
    • 1.22‑acre commercial land parcel.
    • C‑2 zoning.
    • Located at 5472 W Michigan Ave, Ypsilanti, MI 48197 (APN: L‑12‑24‑200‑018).
    • High visibility corner lot with frontage on Michigan Avenue (US‑12) and Carpenter Road.
    • Utilities available (water and sewer).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Ypsilanti
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.678492
    Latitude
    42.209801

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    FAQs

    What type of property is this?
    Land - Prime 1.22-acre commercial lot, ideal for development.
    Where is this land located?
    The property is located at 5472 Michigan Ave Ypsilanti, MI.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: $795,000 asking price.; 1.22-acre commercial land parcel.; C-2 zoning.
    Request Owner's contact information
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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
    5472 Michigan Ave Ypsilanti, MI 48197
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