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    617 Hewitt Rd Ypsilanti, MI 48197

    Sponsored
    For Sale
    $550,000

    High-traffic corner lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.77-acre commercial land parcel presents a remarkable investment opportunity in Ypsilanti, Michigan. Situated on the southeast corner of Hewitt and Ellsworth Roads, this hard-corner lot boasts a prime location with high visibility and accessibility. The property's General Business (GB) zoning permits a wide range of uses, including retail establishments, medical facilities (such as urgent care centers), daycare centers, and financial institutions like banks. Its strategic location offers easy access to I-94 Freeway, ensuring convenient commutes for both employees and customers. The surrounding area is characterized by a strong presence of national and local retailers, creating a vibrant and thriving commercial environment. With over 142,000 people residing within a 5-mile radius, this property benefits from a substantial and readily accessible customer base. The asking price for this exceptional land parcel is $550,000. The property's APN is 11-39-252-007. This is a rare opportunity to acquire a highly desirable commercial property in a rapidly growing area. Don't miss out on this chance to build your business in a prime location. The address is 617 S. Hewitt Road, Ypsilanti, MI 48197.

    Property Features for 617 Hewitt Rd

    General Information

    Property type
    Land
    Lot Size
    33,541 SF

    HighLights

    • 0.77‑acre hard‑corner lot in Ypsilanti, MI.
    • High‑traffic location with nearby national and local retailers.
    • Dense population: Over 142,000 residents within a 5‑mile radius.
    • Excellent freeway access via I‑94.
    • General Business zoning allows for diverse uses including retail, medical, daycare, and financial institutions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -83.644038056422
    Latitude
    42.230132456925

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, ideal for development.
    Where is this land located?
    The property is located at 617 Hewitt Rd Ypsilanti, MI.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 0.77-acre hard-corner lot in Ypsilanti, MI.; High-traffic location with nearby national and local retailers.; Dense population: Over 142,000 residents within a 5-mile radius.
    (248) 851-8900
    Request Owner's contact information
    617 Hewitt Rd Ypsilanti, MI 48197
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    Ypsilanti, MI 48197
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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
    617 Hewitt Rd Ypsilanti, MI 48197
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