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$499,900   Price Analysis
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114 W Michigan Ave
Ypsilanti, MI 48197
Unknown bed 0 bath unknown SqFt ($0/SqFt)
1,742SqFt lot. Built 1860
Listed 2024-06-11, Taxes $8,079
Ⓧ USDA Ineligible
due to location

near Ypsilanti

Absolute gem of an investment with 3 (fully leased)

Investment properties packed into 1 pretty building! Great location, retail front, with1, 854 sq. ft. of space. The store front has a large showroom, kitchen, office, back entrance, laundry and full-length Michigan basement. On the second floor, 2 attractive apartment units available. Both full of personality from the exposd brick and high ceilings to little artsy touches and heaps of sunshine pouring in from the tall windows overloo king downtown's Michigan Avenue.

Unbeatable location downtown. Not to mention, it's close to the AATA bus line, EMU main campus, 5-minute drive to St. Joseph hospital, 10-minute drive to Ann Arbor/UofM campus and easy access to all Expressways. Neighboring building possibly available for sale as well!


Presented by Larry Gotcher at
Resource Realty Group.
Listing Agent Photo

Property MLS #24029489 from MichRic

Total Bathrooms: 0

Basement Features: Michigan Basement

Heating Features: Forced Air

Lot Size Acres: 0.0399908
Lot Size Square Feet: 1742

Association: No
Calculated Total Monthly Association Fees: 0

School District: Ypsilanti

W-A-Y Home Washtenaw is a public high school located approximately 0.1 miles away.
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New Beginnings Academy is a public elementary school located approximately 0.4 miles away.
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Ypsilanti Community Middle School is a public elementary and middle school located approximately 0.9 miles away.
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Calvary Christian Academy is a private elementary, middle and high school located approximately 1.2 miles away.
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Annual Tax Amount: 7835.020000000
Source Listing Status: Active
County: Washtenaw
Directions: Huron St. to Michigan Ave.
Tax Year: 2023
Source Property Type: Multi-Family
Area: Ann Arbor/Washtenaw - A
MLS Area Minor: Ann Arbor/Washtenaw - A
Source Neighborhood: Ann Arbor/Washtenaw - A
Owner Pays: Water
Parcel Number: 11-11-40-485-018
Property Subtype: 2 to 4 Units
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$106,100
$8,079
2021$unknown + $unknown
$103,300
$7,934
2020$unknown + $unknown
$99,500
$8,108
2019$unknown + $unknown
$87,100
$7,832
2016$unknown + $unknown
$64,700
$4,851
2015$unknown + $unknown
$55,400
$4,754
2014$unknown + $unknown
$53,900
$4,730
2013$unknown + $unknown
$53,500
$4,669
2012$unknown + $unknown
$53,300
$4,532
2011$unknown + $unknown
$58,800
$5,047
2009$unknown + $unknown
$77,100
$6,108
2008$unknown + $unknown
$97,800
$7,684
2007$unknown + $unknown
$110,500
$5,188

Listed 2024-06-11
$499,900
MichRic
Sold 2022-10-11
$315,000
Public Record
Listing removed 2016-12-01
$259,900
AnnArbor
Listing removed 2016-03-19
$259,900
Jackson
Listed 2016-02-28
$259,900
Jackson
Listed 2016-02-18
$259,900
AnnArbor
Sold 2007-11-16
$165,000
Public Record
Sold 2001-10-01
$175,000
Public Record

Year Built: 1860
Construction Materials: Block
Property Age: 164
Click Thumbnail Images To View Full Size
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dining_roomunknownlaundry_room

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.