Versatile Industrial Property in
4163 E Morgan Ypsilanti, MI 48197
4163 E Morgan, Ypsilanti, MI, 48197
$3,750,000
For Sale
$3,750,000
24,300 SF industrial property suitable for manufacturing and distribution.
Property Size24,300 SF
Lot Size2.26 Acres
Price / SF$154.32
Days on Market145
Property Features for 4163 E Morgan
General Information
- Standard status
- Active
- Size
- 24,300 SF
- Lot size
- 2.26 Acres
- Property subtype
- Industrial
Listing agency
Swisher Commercial
(734) 926-0222
Listed by
Jeff Evans · License #MI #6506045981
Source
Swishercommercial
Added: Feb 26 Updated: Jul 10 at 1:16PM Checked: Jul 21 at 6:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Swisher Commercial
Investment Insights
Based on property information with market context.
Located in Ypsilanti, this light industrial property at 4163 E Morgan Road is designed for efficiency and versatility, accommodating various manufacturing, warehousing, and distribution needs. The facility totals 24,300 square feet, divided into two suites of 12,150 square feet each, suitable for single or multi-tenant occupancy. Each suite includes a 14'x14' grade-level, motor-operated overhead door and 8'x10' overhead doors at the truckwell. The shop/warehouse features a fire sprinkler system and ceilings exceeding 20 feet in height. Public sewer and water services are available. The property has 400 amp, 480/277v, 3-phase electric power. Situated on 2.26 acres, the property is zoned I-General Industrial, intended for light manufacturing, other limited industrial, wholesale, and warehousing uses. It is located in Pittsfield Township, with convenient access to I-94 and US-23 via Class A roads. The property can be custom built to suit.
Key Highlights
- 24,300 SF light industrial property suitable for manufacturing, warehousing, and distribution.
- Divisible into two 12,150 SF suites for single or multi‑tenant occupancy.
- Convenient access to I‑94 & US‑23 via class A roads.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $364.5k | $15.00 |
| − Vacancy | −$42.3k | −$1.74 |
| EGI | $322.2k | $13.26 |
| − OpEx | −$48.3k | −$1.99 |
| NOI | $273.9k | $11.27 |
24,300 SF · lease $15.00/SF/yr · vacancy 11.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.91M
$3.42M – $4.56M
NOI $273,885 @ 7.0% cap · market cap 7.30%
Second Best
Industrial
$3.22M
$2.82M – $3.76M
NOI $225,553 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$7.14M
$6.25M – $8.33M
NOI $499,802 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
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FAQs
What type of property is this?
Warehouse - 24,300 SF industrial property suitable for manufacturing and distribution.
Where is this warehouse located?
The property is located at 4163 E Morgan Ypsilanti, MI.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 24,300 SF light industrial property suitable for manufacturing, warehousing, and distribution.; Divisible into two 12,150 SF suites for single or multi‑tenant occupancy.; Convenient access to I‑94 & US‑23 via class A roads.
