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Financial
Distress signals
Property profile

221 Normal St Ypsilanti, MI 48197

OFF-MARKET
Other commercial real estate
Property ID
US43-0792104
6,048 SF 0.37 ac lot Built 1988
Last sale May 2026 · $810,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A modern six-unit apartment building located near Eastern Michigan University, on the corner of Washtenaw Ave and N Normal St. The property is sited on a 0.37-acre lot and includes off-street parking. The building contains two 2-bedroom apartments and four 3-bedroom apartments, and each unit has in-unit laundry. Three of the units (Units A, B, and C) have their own separate entrances. The building is heated by three furnaces, arranged as one furnace for each stack, and utilities are configured…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2019

What does the county charge?
$10k
Tax billed · 2019
Assessed value · 2024$212k
Effective rate4.95%

Value estimate

· Oct 2026
$380k
$342k – $418k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$135/SF
ZIP average, outlier-cleaned · 72 recorded sales of this use type
Observed band · Q1–Q3$69 – $206
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
SPLIT
JurisdictionWASHTENAW

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service11.1
Dental Office10.4
Kitchen & Bath9.9

Location

221 Normal St Ypsilanti, MI 48197-2756
County assessor Recorded deeds · 7 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
133 Michigan, Ypsilanti, MI 48197-5550 $752,000 Sep 2025 6,820 SF
206 Washington, Ypsilanti, MI 48197-2894 $105,000 Jun 2025 7,197 SF
1490 Washtenaw, Ypsilanti, MI 48197-2038 $435,000 Apr 2025 3,440 SF
715 Washtenaw, Ypsilanti, MI 48197-2754 $2,400,000 Oct 2024 10,397 SF
507 Washington, Ypsilanti, MI 48197-8125 $550,013 May 2024 4,608 SF
731 Cross, Ypsilanti, MI 48197-2503 $1,550,000 Feb 2024 3,395 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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