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    1530 Michigan Ave Ypsilanti, MI 48198

    Sponsored
    For Sale
    $895,000

    High-Visibility Retail Building, Ample Parking

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,000 square foot retail storefront, located at 1530 E Michigan Ave in Ypsilanti, Michigan, presents a compelling investment opportunity. Situated on a sizable 1.849-acre lot, this Class C building boasts excellent visibility and ample parking with 30 spaces available. Constructed in 1973, the single-story structure is zoned RC - Regional Corridor, offering significant potential for a variety of retail uses. The asking price is $895,000, translating to a price per square foot of $223.75. The property features a convenient location on a busy corridor, ensuring high traffic volume and excellent exposure for your business. The property's substantial lot size and ample parking provide significant advantages over comparable properties. This standalone building offers a rare opportunity to acquire a well-positioned retail space in a thriving area. The property's address is 1530 E Michigan Ave, Ypsilanti, MI 48198, and its APN is K-11-11-226-006. This is a turnkey opportunity for an investor seeking a strong return on investment in a high-traffic location.

    Property Features for 1530 Michigan Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,000 SF
    Class
    C
    Lot Size
    80,542 SF

    Building Details

    Year Built
    1973
    Buildings
    1
    Stories
    1

    HighLights

    • High‑traffic location with excellent visibility.
    • Abundant on‑site parking.
    • 1.849‑acre site in a high‑traffic commercial corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Atm Hydroponics 2go Hydroponics Equipment Supplier Phyliss Carpet Co. Carpet Installer Hydroponics 2 GO Hydroponics Equipment Supplier

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ypsilanti
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.5794925
    Latitude
    42.2459724

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    FAQs

    What type of property is this?
    Individual retail property - High-Visibility Retail Building, Ample Parking
    Where is this individual retail property located?
    The property is located at 1530 Michigan Ave Ypsilanti, MI.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: High-traffic location with excellent visibility.; Abundant on-site parking.; 1.849-acre site in a high-traffic commercial corridor.
    Request Owner's contact information
    1530 Michigan Ave 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
    1530 Michigan Ave Ypsilanti, MI 48198
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