Financial
Distress signals
Property profile

59 Ecorse Rd Ypsilanti, MI 48198

FOR SALE
Other commercial real estate
Property ID
US43-1644514
5,656 SF 0.36 ac lot Built 1955
Last sale Jul 2021 · $225,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A flexible light-industrial building configured with six garage-style bay doors total—three on each side of the structure. The property is located on Michigan Avenue between US-23 and I-275, with direct access to I-94. The roof system is composed of torch-down modified bitumen with insulation, and approximately 55% of the metal deck has been replaced; the exterior has been tuck-pointed and the interior and exterior were fully painted. Interior improvements include epoxy-coated floors and replacement of light fixtures with high-efficiency factory floor-level lighting.

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?
$10k
Tax billed · 2019
Assessed value · 2024$170k
Effective rate6.03%

Value estimate

· Sep 2026
$220k
$198k – $242k
NOI build-up
Gross scheduled income$85k
Vacancy & credit loss−$10k
Operating expenses−$11k
NOI · 7.50% cap applied$64k

Realmo valuation models over county records and 21 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 comparables21

Cap rate analysis

How does the asset earn?
7.50%
$64k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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 agency24.5
Dental Office23.4
Wholesale Shop15.1

Location

59 Ecorse Rd Ypsilanti, MI 48198
County assessor Recorded deeds · 3 transfers 21 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
33 Grv, Ypsilanti, MI 48198-5680 $590,000 Jun 2025 5,208 SF
9 Park, Ypsilanti, MI 48198-5622 $395,000 May 2024 4,296 SF
10 Prospect, Ypsilanti, MI 48198-5616 $230,000 Apr 2024 4,398 SF
9 Cross, Ypsilanti, MI 48198-2841 $360,000 Feb 2024 4,650 SF
2069 Tyler, Ypsilanti, MI 48198-6156 $665,000 Aug 2023 7,305 SF
740 Emerick, Ypsilanti, MI 48198-6340 $346,000 Mar 2023 5,840 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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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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