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    753 Grove Rd Ypsilanti, MI 48198

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    For Sale
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    Modern free-standing retail space, vacant, high-traffic location.

    Property size:
    14,564 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 14,564-square-foot free-standing building, constructed in 2006, presents a unique investment opportunity in Ypsilanti, Michigan. Located at 753 Grove Rd, 48198, this vacant property offers significant potential for retail or commercial use. The building boasts contemporary appeal and is situated on a 1.49-acre lot with ample parking (57 spaces). Its zoning designation is GC. The property benefits from a prime location within a high-visibility, high-traffic area, attracting significant consumer traffic. The surrounding area demonstrates strong demographics, with a total population exceeding 123,128 within a 5-mile radius and an average household income exceeding $65,175 within a 1-mile radius. This net lease property is ideal for investors seeking a retail or free-standing building in a thriving Michigan community. The building's previous use was as a pharmacy/drug store, offering adaptable space for a variety of businesses. The property is currently vacant, allowing for immediate occupancy and customization to suit a new tenant's needs. This presents a rare opportunity to acquire a well-located, sizable retail space in a desirable market.

    Property Features for 753 Grove Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,564 SF
    Lot Size
    64,904 SF

    Building Details

    Year Built
    2006

    HighLights

    • 14,564 SF modern free‑standing building.
    • Over 123,000 people live within a 5‑mile radius.
    • Built in 2006 with contemporary design.
    • Average household income over $65,000 within 1 mile.
    • Suitable for retail or commercial use.
    • Prime Ypsilanti location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Clothing Store Nail Salon Electrical Service Electronics Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ypsilanti
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.597970717482
    Latitude
    42.230010775349

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    FAQs

    What type of property is this?
    Individual retail property - Modern free-standing retail space, vacant, high-traffic location.
    Where is this individual retail property located?
    The property is located at 753 Grove Rd Ypsilanti, MI.
    What are key features of this property?
    This property features: 14,564 SF modern free-standing building.; Over 123,000 people live within a 5-mile radius.; Built in 2006 with contemporary design.
    Request Owner's contact information
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    Ypsilanti, MI 48198
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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
    753 Grove Rd Ypsilanti, MI 48198
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