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    OFF-MARKET
    Lifestyle centers

    1545-1645 Holmes Rd, Ypsilanti, MI 48198

    67,208 SF 10.78 ac lot Built 1965
    Property ID
    Property summary
    AI-generated overview

    This exceptional 67,208 square foot Sunrise Shopping Center, located at 1545-1645 Holmes Rd in Ypsilanti, Michigan, presents a unique investment opportunity. Situated on a 10.78-acre lot (67,208 sq ft) in the Washtenaw E of 23 submarket of Washtenaw County, this single-story, 1965-built property underwent renovations in 2006. Currently, there is 10,900 square feet of vacant space available, divisible into units ranging from 1,900 to a maximum contiguous 9,000 square feet. The property boasts a B-3 zoning classification and offers ample parking with 250 spaces, ensuring convenient access for tenants and customers. Ceiling heights range from 10 to 15 feet, providing versatile space for various uses. The center currently houses twelve established tenants, including well-known names like Shoppers Marketplace and Dollar Tree, creating a strong and thriving retail environment. This prime location offers excellent visibility and accessibility, making it an ideal choice for medical offices, retail businesses, or a combination thereof. The property's APN is 11-02-275-007 and the zip code is 48198. This is a rare opportunity to acquire a well-established property in a high-traffic area.

    Property profile
    Verified
    Property type Lifestyle centers
    Year built 1965
    Total area 67,208 SF
    Lot 10.78 ac (469,577 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
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