753 Grove Rd Ypsilanti, MI 48198
- Retail properties
- 14,564 SF
- 1.49 lot acres
Current Use by Public Records
- Retail properties
Property Details for 753 Grove Rd
- Year built
- 2006
- Lot size
- 1.49 lot acres
- Property size
- 14,564 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This 14,564-square-foot free-standing building, constructed in 2006, presents a unique investment opportunity in Ypsilanti, Michigan. Located at 753 Grove Rd, 48198, this vacant property offers significant potential for retail or commercial use. The building boasts contemporary appeal and is situated on a 1.49-acre lot with ample parking (57 spaces). Its zoning designation is GC. The property benefits from a prime location within a high-visibility, high-traffic area, attracting significant consumer traffic. The surrounding area demonstrates strong demographics, with a total population exceeding 123,128 within a 5-mile radius and an average household income exceeding $65,175 within a 1-mile radius. This net lease property is ideal for investors seeking a retail or free-standing building in a thriving Michigan community. The building's previous use was as a pharmacy/drug store, offering adaptable space for a variety of businesses. The property is currently vacant, allowing for immediate occupancy and customization to suit a new tenant's needs. This presents a rare opportunity to acquire a well-located, sizable retail space in a desirable market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ypsilanti
- County
- Washtenaw
- State
- Michigan
- Longitude
- -83.598
- Latitude
- 42.23
