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    2485 Michigan Ave Ypsilanti, MI 48198

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    For Sale
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    Vacant Land, Former Retail Site, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.57-acre parcel, located at 2485 E Michigan Ave in Ypsilanti, Michigan (48198), presents a unique redevelopment opportunity. The property, previously a retail site, is now entirely vacant, with all existing improvements razed. This allows for complete design flexibility and the creation of a project tailored to specific needs. The site is zoned for commercial use, offering a wide range of potential development options. The property's location in Washtenaw County, within the city of Ypsilanti, provides excellent access to major transportation routes and a thriving local community. A development agreement is a required condition of sale, ensuring a collaborative and streamlined development process. The asking price is negotiable, making this an attractive investment for developers seeking a prime location with significant upside potential. The parcel's APN is K-11-01-340-026. This is a rare chance to acquire a cleared, commercially-zoned lot ready for immediate development in a desirable Michigan location. Serious inquiries are encouraged.

    Property Features for 2485 Michigan Ave

    General Information

    Property type
    Land
    Lot Size
    24,829 SF

    HighLights

    • 0.57‑acre commercially‑zoned land parcel in Ypsilanti, MI.
    • Previously a retail site, now vacant and cleared for redevelopment.
    • Excellent access to major transportation routes.
    • Development agreement required.
    • Negotiable asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -83.562196
    Latitude
    42.251364

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    FAQs

    What type of property is this?
    Land - Vacant Land, Former Retail Site, Development Potential
    Where is this land located?
    The property is located at 2485 Michigan Ave Ypsilanti, MI.
    What are key features of this property?
    This property features: 0.57-acre commercially-zoned land parcel in Ypsilanti, MI.; Previously a retail site, now vacant and cleared for redevelopment.; Excellent access to major transportation routes.
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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
    2485 Michigan Ave Ypsilanti, MI 48198
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