Property profile

2502 Michigan Ave Ypsilanti, MI 48198

OFF-MARKET
Warehouses
Property ID
US43-1709628
7,465 SF 1.07 ac lot Built 1967
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,465 square foot industrial property in Ypsilanti, Michigan, sits on a 1.07-acre lot and is offered at $1,000,000. The building has undergone a complete renovation, making it move-in ready for a variety of businesses. Features include ample office space, a dedicated showroom area, and substantial storage within an attached warehouse. Access to the warehouse is provided by a generously sized 18' wide by 14' high overhead door, perfect for loading and unloading larger equipment or materials. Significant improvements completed in 2023 include the installation of five brand new furnaces, ensuring efficient and reliable heating. A cutting-edge security system, encompassing both interior and exterior surveillance, provides enhanced peace of mind. The main space boasts durable, thick concrete flooring. Further upgrades include custom lighting, a completely updated electrical system, a freshly recoated driveway, new drywall and paint throughout, modernized bathrooms, and professionally landscaped grounds. This property represents a rare opportunity to acquire a fully renovated, high-quality industrial space in a desirable location. The combination of modern amenities and functional design makes this an ideal space for a variety of businesses seeking a turnkey solution.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1967
Total area 7,465 SF
Lot 1.07 ac (46,609 SF)
APN K -11-01-300-007
UPID US43-1709628

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
  • Event Planning Wedding Service

Location

2502 Michigan Ave Ypsilanti, MI 48198-6057
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2026
Last sale
$331,000
7 recorded transactions
2026
$355,000
2026
Price N/A
2025
$190,335
2024
Price N/A
2024
Price N/A
2023
Price N/A
2023
$331,000

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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