Redevelopment Opportunity/Industrial for Sale or Lease in Ypsilanti

12 E Forest Ave Ypsilanti, MI 48198

12 E Forest Ave, Ypsilanti, MI, 48198
12 E Forest Ave, Ypsilanti, MI, 48198 12 E Forest Ave, Ypsilanti, MI, 48198 12 E Forest Ave, Ypsilanti, MI, 48198 12 E Forest Ave, Ypsilanti, MI, 48198
FOR SALE FOR LEASE
Property Type:
Factory
Amount:
$1,500,000
Last Verified:
Oct 29, 2024

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Highlights


Description

Exceptional opportunity to own a vast industrial property near vibrant heart of Ypsilanti's Depot Town.

Spanning 58,925 square feet, this property offers excellent potential for redevelopment. Located just steps away from the bustling retail and restaurant scene, it’s ideally situated to complement the soon to be Freighthouse Plaza redesign.

Highlights:
Strategic Location: Nestled near the dynamic retail and dining options of Depot Town, this property benefits from high visibility and easy access to Michigan Ave and I-94.

Redevelopment Potential: Perfectly poised for transformation, whether for commercial or creative redevelopment projects.

Neighborhood Synergy: Capitalize on the revitalization efforts in the area, with proximity to the soon to be redesigned Freighthouse Plaza enhancing the appeal and accessibility.

Historic Charm: Depot Town’s historic character adds unique value and charm to any redevelopment project.

Features:
Versatile space suitable for various uses
3 loading docks
Potential for appreciation and growth with the area's ongoing development

Investment Opportunity:
With the area's continued growth and revitalization, this property represents a solid investment in one of Ypsilanti’s most promising neighborhoods. Transform this expansive space into a thriving commercial hub and be part of the exciting changes in Depot Town.

Exceptional opportunity to lease a vast industrial property near vibrant heart of Ypsilanti's Depot Town.

Spanning 58,925 square feet, is located just steps away from the bustling retail and restaurant scene, it’s ideally situated to complement the soon to be Freighthouse Plaza redesign.

Highlights:
Strategic Location: Nestled near the dynamic retail and dining options of Depot Town, this property benefits from high visibility and easy access to Michigan Ave and I-94.

Neighborhood Synergy: Capitalize on the revitalization efforts in the area, with proximity to the soon to be redesigned Freighthouse Plaza enhancing the appeal and accessibility.

Features:
Versatile space suitable for various uses
3 loading docks
Potential for appreciation and growth with the area's ongoing development

Located in Depot Town, south of Eastern Michigan University.


Year Built: 1830
Building Size: 58925sq ft
Lot Size: 0 acres


Documents

Sale - Lease Brochure 12 Forest

Units for Lease

12 E Forest
Space Available: 58925 SF
Lease Type: NNN

Price Per Sqft/Year: $2.75

Map of 12 E Forest Ave, Ypsilanti, MI, 48198

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.