Property profile

265 S Harris Rd Ypsilanti, MI 48198

FOR SALE
Manufacturing properties
Property ID
US43-1912650
10,800 SF 1.37 ac lot Built 1994
Entity Owned 15-yr Hold Free & Clear
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Property summary

AI-generated overview

This 10,800-square-foot distribution warehouse in Ypsilanti, Michigan, offers a prime location near US-12 and I-94, approximately four miles from Willow Run Airport. Built in 1994 and extensively renovated in 2015 and 2021-2022, the property boasts a new roof (2021), expanded and repaved parking lot (2021), new landscaping and irrigation (2021), and a high-resolution video surveillance system (2022). The building features a drive-in overhead door, access to a common area loading dock, approximately 100 feet of floor drain grid, and 120/240, 3-phase heavy electrical power. The interior includes a polished concrete floor (2019), an industrial floor cleaning system (2019), and is fully heated and air-conditioned. Ceiling height ranges from 9 to 12 feet. The 1.3-1.4 acre lot provides ample space, with 50 total parking spaces. The building is zoned B1/OS1 and has an APN of 2223-35-105-009. Approximately 1,000 square feet of the warehouse space has recently been used as retail space with tile flooring. Up to 15,000 additional square feet of warehouse and office space may be available in adjacent buildings. The property is located at 265 S Harris Rd - Building A, Ypsilanti, MI 48198, in Washtenaw County.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1994
Total area 10,800 SF
Lot 1.37 ac (59,677 SF)
APN K -11-11-271-004
UPID US43-1912650

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

265 S Harris Rd Ypsilanti, MI 48198
Ypsilanti metro Census 412000 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
$809k
Blend (final) Blend
$810k

Owner & transaction history

since 2010
2 recorded transactions
2010
$11,905
2009
$11,905

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.3M +89.3%
Retail stores $1.2M +76.5%
Warehouse, storage $920,000 +30.6%

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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