753 Grv Rd Ypsilanti, MI 48198
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.