Property profile

5472 W Michigan Ave Ypsilanti, MI 48197

FOR SALE
Commercial land
Property ID
US43-1305603
0.79 ac lot
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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 profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.79 ac (34,412 SF)
APN L -12-24-200-018
UPID US43-1305603

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5472 W Michigan Ave Ypsilanti, MI 48197
Ypsilanti metro Census 416000 ANN ARBOR, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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