212 W Michigan Avenue
Ypsilanti, MI 48197

Description

See Attached op Statement - 4 Unit Brick Building in Historic Downtown Ypsilanti. Walking distance to the EMU COB, AATA Bus Terminal and free EMU Shuttles to central campus. Walk to downtown restaurants and shops as well and provides easy access to I-94 for commuters along with shuttles to main EMU Campus and yards from the AAATA Bus terminal, public library and dozens or shops and restaurants. Note: Property most likely under rented with long term tenants. Apartments are well maintained and some include spiral staircase, sand blasted brick Studio Walls, Stained Glass, Hickory, Oak and Maple Floors and much more. Residential Units are entered from the rear of building via their own decks and have leases through Fall 2020. One retail space is included with long term Tenant Fast Eddies Music on MTM for 15 years. Ask Owner about how to add 35% more building space using unbuilt land to expand footprint and current un built second and third floors in rear of building. Building Seller/Owner is a Licensed Broker in the State of Michigan.

Details

MLS#3264621
StyleIndustrial
Sub-TypeResale
StatusActive
Year1890
Days On Site68

Features

SQ Feet4,000
Story(s)0
ZoningC3

Market Activity 48197

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Area Information

StateMI
CountyWashtenaw
CityYpsilanti
Zip Code48197
AreaYPSI Campus Area & D
Listing VS Median (in 48197)
Price:
$310,000
low | high
Med:
$229,900
75.838709677419% of Average
SqFt:
4,000
low | high
Med:
1,638
100% of Average
$ / SqFt:
$78
low | high
Med:
$140
31.102052069794% of Average
On Site:
68
low | high
Med:
4
100% of Average
Listing Updated: 06/25/2019
MLS Number: 3264621
Listing Provided By:
Thomas Stachler  of  Real Estate One
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Ann Arbor Area Association of Realtors® MLS.