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    Property profile & analytics
    FOR LEASE
    Retail space

    3825 Carpenter Rd, Ypsilanti, MI 48197

    222,002 SF 26.04 ac lot Built 1971
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-1735862
    Property summary
    AI-generated overview

    This exceptional retail leasing opportunity presents two available spaces within a high-traffic Meijer store in Ypsilanti, Michigan, at 3825 Carpenter Rd, 48197. The spaces range from 592 to 1,018 square feet and are classified as Class B retail. These prime, front-of-store locations offer unparalleled visibility and access to thousands of weekly customers, maximizing exposure for your business. The all-inclusive monthly fee covers real estate taxes, property insurance, CAM charges, and utilities, simplifying your operational costs. Strategic placement ensures maximum customer interaction, while interior and exterior signage opportunities enhance brand visibility. The property benefits from exceptional demographics within a thriving trade area. This "Store-Within-A-Store" concept is ideal for a variety of businesses, including financial institutions, food and beverage vendors, service businesses, and health and wellness providers. The location's high foot traffic and established customer base provide a significant advantage for growth. This is a unique opportunity to establish your business within one of the Midwest's most recognizable retail destinations. The property is situated in a convenient location in Ypsilanti, Michigan, offering easy access for customers. Multiple vacancies exist in Meijer stores across key Midwest markets.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1971
    Total area 222,002 SF
    Lot 26.04 ac (1,134,302 SF)
    APN L -12-12-300-035
    UPID US43-1735862
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • VetIQ Petcare Veterinary Clinic
    • Meijer Electronics & Wireless Store
    • Meijer Pharmacy Pharmacy
    • Coinstar Bank Credit Union
    • Meijer’s Grocery & Convenience Store Food Market
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $19.41M
    Blend (final) Blend
    $19.41M
    Owner & transaction history
    MEIJER INC
    MEIJER INC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $30.0M +17.6%
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    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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