Financial
Distress signals
Property profile

401 Michigan Ave Ypsilanti, MI 48198

OFF-MARKET
Commercial real estate
Property ID
US43-4267000
1,188 SF 0.3 ac lot Built 1940
Last sale Dec 2022 · $773,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 1,370 square foot retail space, located at 401 E Michigan Ave in Ypsilanti, Michigan, presents a unique investment opportunity. Situated in Washtenaw County and conveniently near N Grove Street, this single-tenant property boasts a prime commercial/retail zoning designation. Built in 1940, the building offers a rich history and established presence within the community. The property's size makes it ideal for a variety of retail uses, and its location ensures high visibility…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$5k
Tax billed · 2019
Assessed value · 2024$114k
Effective rate4.31%

Value estimate

· Sep 2026
$465k
$419k – $512k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$123/SF
Submarket average, outlier-cleaned · 91 recorded sales of this use type
Observed band · Q1–Q3$64 – $192
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
GC
General categoryUNKNOWN
JurisdictionWASHTENAW

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency21.5
Dental Office21.2
Building Supply15.6

Location

401 Michigan Ave Ypsilanti, MI 48198-5658
County assessor Recorded deeds · 4 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1729 Prospect, Ypsilanti, MI 48198-9561 $267,000 Jul 2025 1,879 SF
12 Todd, Ypsilanti, MI 48198-6015 $100,000 Nov 2024 1,500 SF
121 Michigan, Ypsilanti, MI 48198-5780 $34,000 Jul 2024 712 SF
20 Emerick, Ypsilanti, MI 48198-5742 $130,000 Aug 2023 1,800 SF
334 Ecorse, Ypsilanti, MI 48198-5717 $17,000 May 2022 500 SF
700 Towner, Ypsilanti, MI 48198-5724 $187,500 Aug 2021 1,898 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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