2403 Michigan Ave Ypsilanti, MI 48198
This exceptional 0.23-acre commercial land parcel, located at 2403 E Michigan Ave in Ypsilanti, Michigan (48198), presents a unique development opportunity. The property, identified by APN K-11-01-340-022, is zoned for commercial use and is completely vacant, with all previous improvements razed. This makes it ideal for a variety of new construction projects. The site's convenient location in Washtenaw County offers excellent accessibility and visibility. The seller is open to negotiation on the price, and a development agreement is a required condition of sale. This ensures a collaborative approach to realizing the property's full potential. Serious inquiries are encouraged to explore this promising investment opportunity in a thriving Michigan community. The property is ready for immediate development, eliminating the need for costly demolition or site preparation. This presents a significant advantage for developers seeking a streamlined project timeline. This is a rare chance to acquire a strategically located commercial lot in a desirable area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.