2502 Michigan Ave, Ypsilanti, MI 48198-6057
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
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.