Property profile

1159 Michigan Ave Ypsilanti, MI 48198

OFF-MARKET
Medical Office Space
Property ID
US43-0439979
15,633 SF 1.9 ac lot Built 1966
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 15,633-square-foot Class C medical office building, located at 1159 E Michigan Ave in Ypsilanti, Michigan, offers multiple suites for lease. Currently, 11,770 square feet are vacant, divisible into spaces ranging from 1,640 to a maximum contiguous 5,885 square feet. Built in 1966, the property sits on a 1.898-acre lot and is zoned RC - Regional Corridor. The building boasts excellent visibility from Michigan Avenue and ample parking (3.8 spaces per 1,000 square feet). Existing building amenities include 14 exam rooms, 4 private restrooms, 2 X-ray rooms, a large break room, a spacious reception area, a 303-square-foot laboratory, and a fully equipped Mobile Imaging truck area with a dedicated waiting room. The property's location within Ypsilanti's thriving market is complemented by a diverse mix of existing medical tenants, including a pharmacy and physical therapy practice. The Washtenaw County location, with APN K-11-10-125-015, offers a strategic advantage for medical professionals seeking a well-established and convenient location. This is a prime opportunity to secure high-quality medical office space in a desirable area.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1966
Total area 15,633 SF
Lot 1.9 ac (82,764 SF)
APN K -11-10-125-015
UPID US43-0439979

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician
  • Physician
  • Physician
  • Medical Clinic

Location

1159 Michigan Ave Ypsilanti, MI 48198-5807
Ypsilanti metro Census 411900 ANN ARBOR, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$840k

Owner & transaction history

since 2024
Last sale
$1.2M
7 recorded transactions
2025
Price N/A
2024
$1.2M
2022
$900,000
2003
$702,660
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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