415 W Forest Ave - Specialty FOR SALE


Ypsilanti, MI 48197- Downtown Ypsilanti
$650,000 USD
734-627-7100
415 W Forest Ave, Ypsilanti, MI for Sale
$650,000 USD
Specialty - FOR SALE
1/51
null | Request Cap Rate

415 W Forest Ave
Ypsilanti, MI 48197
Downtown Ypsilanti


HIGHLIGHTS

  • Flexible layout supports residential, office, lodging, or institutional uses.
  • Corner-lot location adjacent to Eastern Michigan University.
  • Wraparound porch, composite deck, and spacious common areas.
  • Historic Victorian architecture dating to 1885.

OVERVIEW

Rare opportunity to acquire a historic Victorian property positioned within the heart of Eastern Michigan University's campus environment. Originally constructed in 1885 and expanded through a remodel and addition in 1983, the property combines historic architectural character with a flexible layout suited to a variety of residential, institutional, and commercial applications. Currently operating as a licensed sorority house, the property is approved for occupancy of up to 17 residents and maintains a current rental certificate from the City of Ypsilanti. The interior includes nine bedrooms, three bathrooms, a Corian kitchen with built-in features, a formal dining room, and spacious common living areas designed to accommodate group living and collaborative environments. A covered wraparound porch, composite deck, and dedicated parking area further enhance functionality for residents, guests, or future occupants. Situated on a corner lot adjacent to Eastern Michigan University, the property benefits from proximity to a major educational institution, surrounding residential neighborhoods, and nearby commercial services. Its adaptable floor plan creates opportunities for continued use as fraternity or sorority housing, student cooperative housing, a boarding house, short-term lodging operation, office conversion, programming or nonprofit facility, or a return to a private single-family residence. Convenient access to I-94 and US-23 further supports regional connectivity throughout Washtenaw County and the greater Ann Arbor metropolitan area.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1885

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,777 SF

ZONING

Rs

APN/PARCEL ID

11-40-112-009

ASK ABOUT THIS PROPERTY

Therese AntonelliMoving The MittenMore Info
734-627-7100

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Therese AntonelliMoving The MittenMore Info
734-627-7100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.