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    1545-1645 Holmes Rd Ypsilanti, MI 48198

    For Lease
    $7 SF/Yr

    Medical Office & Retail Space Available

    Lot size:
    67,208 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 67,208 square foot Sunrise Shopping Center, located at 1545-1645 Holmes Rd in Ypsilanti, Michigan, presents a unique investment opportunity. Situated on a 10.78-acre lot (67,208 sq ft) in the Washtenaw E of 23 submarket of Washtenaw County, this single-story, 1965-built property underwent renovations in 2006. Currently, there is 10,900 square feet of vacant space available, divisible into units ranging from 1,900 to a maximum contiguous 9,000 square feet. The property boasts a B-3 zoning classification and offers ample parking with 250 spaces, ensuring convenient access for tenants and customers. Ceiling heights range from 10 to 15 feet, providing versatile space for various uses. The center currently houses twelve established tenants, including well-known names like Shoppers Marketplace and Dollar Tree, creating a strong and thriving retail environment. This prime location offers excellent visibility and accessibility, making it an ideal choice for medical offices, retail businesses, or a combination thereof. The property's APN is 11-02-275-007 and the zip code is 48198. This is a rare opportunity to acquire a well-established property in a high-traffic area.

    Property Features for 1545-1645 Holmes Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    67,208 SF
    Total Rate
    39204.67

    Building Details

    Year Built/Renovated
    1965/2006
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available space
    Size
    9,000 SF
    Rate per SF
    $12
    Space
    Available space
    Size
    1,900 SF
    Rate per SF
    $12

    HighLights

    • 1,900 - 9,000 square feet of available space.
    • Suitable for retail, office, or medical tenants.
    • Strong tenant mix including Shoppers Marketplace and Dollar Tree.
    • Ample parking with high visibility.
    • NNN lease rate: $7.00 - $12.00 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Ypsilanti
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.5800133
    Latitude
    42.2546213

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    FAQs

    What type of property is this?
    Lifestyle center - Medical Office & Retail Space Available
    Where is this lifestyle center located?
    The property is located at 1545-1645 Holmes Rd Ypsilanti, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 1,900 - 9,000 square feet of available space.; Suitable for retail, office, or medical tenants.; Strong tenant mix including Shoppers Marketplace and Dollar Tree.
    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
    1545-1645 Holmes Rd Ypsilanti, MI 48198
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