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    5046 Michigan Ave Ypsilanti, MI 48197-4997

    • Distribution centers
    • 2,400 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Last Sale
    Nov 25, 2020
    $350,000
    Location Intelligence
    Property ID
    US43-1718221
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • All Inclusive Commercial Building Solutions / Commercial Cleaning Service / Cleaners
    • All inclusive / Travel Agency
    • Gainsley Electric, Inc / Business To Business Service

    Property Details for 5046 Michigan Ave

    Year built
    1956
    Lot size
    0.22 lot acres
    Property size
    2,400 SF
    Property type
    Distribution centers
    APN
    L -12-24-100-002
    APU
    L1224100002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $365,000
      6.5%
      $365,000
      7%
      $355,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $380,000
      Geo Method
      $365,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $335,000
      Retail
      $390,000
      Mixed-Use
      $360,000
      Hospitality
      $295,000
      Educational
      $365,000
      Residential Income
      $280,000
      Energy
      $365,000
      Income-Based Land
      $375,000
      Food Service
      $285,000

    Location Insight

    • Map
    • Local Demand
    City
    Ypsilanti
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.6688
    Latitude
    42.2157
    CBSA code
    11460
    CBSA name
    ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,340
    $0.00
    $0.00
    $139,985
    -
    $0.00
    $0.00
    $279,970

    Comparable in this City

    • Value Estimation by Request
      17,995 SF

      5331 Michigan Ave

      DISTRIBUTION WAREHOUSE • 17,995 SF
      5331 Michigan Ave, Ypsilanti, MI 48197-4900
      View Details
    • Value Estimation by Request
      4,443 SF

      3901 Bestech Rd Ste, Unit 800

      DISTRIBUTION WAREHOUSE • 4,443 SF
      3901 Bestech Rd Ste, Ypsilanti, MI 48197-9815
      View Details
    • Value Estimation by Request
      20,180 SF

      4100 Morgan Rd

      DISTRIBUTION WAREHOUSE • 20,180 SF
      4100 Morgan Rd, Ypsilanti, MI 48197-9602
      View Details
    • Value Estimation
      $555,000
      4,510 SF

      3901 Bestech Rd Ste, Unit 100

      DISTRIBUTION WAREHOUSE • 4,510 SF
      3901 Bestech Rd Ste, Ypsilanti, MI 48197-9817
      View Details
    • Value Estimation
      $195,000
      2,300 SF

      3901 Bestech Rd Ste, Unit 700

      DISTRIBUTION WAREHOUSE • 2,300 SF
      3901 Bestech Rd Ste, Ypsilanti, MI 48197-9820
      View Details
    • Value Estimation by Request
      51,236 SF

      3835 Morgan Rd

      DISTRIBUTION WAREHOUSE • 51,236 SF
      3835 Morgan Rd, Ypsilanti, MI 48197-9637
      View Details

    Similar Nearby for Sale

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      24,300 SF

      Ypsilanti Industrial Building

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    • Contact for pricing
      65,400 SF

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    • $375,000
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      18.8 acres, Mixed-Use Potential
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    Similar Nearby for Lease

    • $15 SF/Yr
      65,400 SF

      Ypsilanti Industrial Warehouse Space

      New warehouse space, flexible layouts, Ann Arbor submarket.
      4183 Morgan Rd, Ypsilanti, MI 48197
      View Details
    • $14 SF/Yr
      24,300 SF

      Ypsilanti Industrial Space For Sale/Lease

      Modern industrial building, flexible space options.
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      View Details
    • Contact for pricing
      40,000 SF

      Industrial Space Available Q4 2026

      40,000 SF industrial space available Q4 2026.
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      View Details
    • $10 SF/Yr
      31,320 SF

      Versatile Flex Space in Ypsilanti

      Flex space with warehouse and office, near Ann Arbor.
      5000 Carpenter Rd, Ypsilanti, MI 48197
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    • $19 SF/Yr
      49,672 SF

      Washtenaw Medical Arts Building Suites

      Ann Arbor medical/office suites available.
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      View Details
    • $18 SF/Yr
      1,500 SF

      Downtown Ypsilanti Two-Story Retail Space

      Versatile 1,500 SF space in a dynamic commercial corridor.
      7 S Washington St, Ypsilanti, MI 48197
      View Details
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    Ypsilanti, MI 48197-4997
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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