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    OFF-MARKET Estimated value $1,050,000
    Medical Office Space

    1159 Michigan Ave, Ypsilanti, MI 48198-5807

    15,633 SF 1.9 ac lot Built 1966
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US43-0439979
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Heritage Medical Center Medical Clinic
    • Probility Physical Therapy Physician
    • Dr. Albert Klemptner, MD Physician
    • Dr. Vladimir Klemptner, MD Physician
    • Great Lakes Medical Evaluations Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.05M
    Owner & transaction history
    1159 Michigan LLC · 1 yrs held
    1159 Michigan LLC
    since 2024
    Last sale
    $1.2M
    7 recorded transactions
    2025
    2024
    $1.2M
    2022
    $900,000
    2003
    $702,660
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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