513 Cross StYpsilanti, MI 48197

  • Other commercial real estate
  • 966 SF
For Sale
$399,999 View listing

Property Details for 513 Cross St

Year built
1940
Lot size
0.02 AC
Property size (Sq ft)
966 SF
Zone code
C
Property type
Other commercial real estate
APN
11-11-40-183-004
APU
111140183004

Description

This exceptional investment opportunity presents a thriving adult-use provisioning center in Ypsilanti, Michigan. The property, located at 513 W CROSS, boasts 966 square feet on a 0.02-acre lot. This established business is one of the first licensed provisioning centers in Ypsilanti, benefiting from its early-mover advantage in a rapidly growing market. Its prime downtown location offers maximum visibility, situated directly across from Eastern Michigan University's campus and near Washtenaw Community College, ensuring high foot traffic and significant exposure to a large student population and the wider community. The property is conveniently located in a walkable neighborhood with ample public parking nearby, and is surrounded by established local and national retailers. The sale includes the option to purchase both the business license and the real estate, or to purchase the license and lease the real estate separately. This presents a unique opportunity for investors seeking immediate returns and long-term growth potential in a high-demand market. The property's strategic location and established business operation make it an attractive investment for experienced entrepreneurs and savvy investors alike. Don't miss this chance to acquire a profitable and well-positioned adult-use provisioning center in a vibrant college town.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $189,282
    Hospitality
    $173,382
    Educational
    $144,251
    Medical
    $149,212
    Retail
    $224,391
513 Cross St, Ypsilanti, Michigan
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Location Insight

City
Ypsilanti
County
Washtenaw
State
Michigan
Latitude
42.2456
Longitude
-83.6197
CBSA code
11460
CBSA name
ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$2,569
-
-
$65,100
-
-
-
$130,200

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