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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

753 Grv Rd Ypsilanti, MI 48198

14,564 SF 1.49 ac lot Built 2006
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2006
Total area 14,564 SF
Lot 1.49 ac (64,904 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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