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31826997
31826998

108 Pearl Street, Ypsilanti, MI 48197 For Sale

JP
MI MI 6501273079
Swisher Commercial
Listed by Swisher Commercial
$325,000
89 days on market
Updated 13 days ago
Opportunity zone

Downtown Ypsilanti Mixed-use for Sale - 108 Pearl

Details
APN 11-11-40-486-009
Property Type Mixed Use, Multifamily (+1)
Sub Type Storefront
Square Footage 2,580
Units 3
Occupancy 100%
Price per SqFt $126
Year Built 1879
Buildings 1
Stories 2
Acreage 0.030
Zoning C (Center)
Ground Lease No

Downtown Ypsilanti Mixed-use for Sale | 2,580 SqFt

Marketing description

Unique opportunity to acquire a fully leased mixed-use building in the heart of downtown Ypsilanti for investment or future owner occupancy. This two-story property at 108 Pearl, part of the historic G.A.R. Hall Block, offers 2,580 square feet of character-rich space. It includes first-floor retail/service/office, and two second-floor apartments (efficiency and 1-bedroom).

The building's historic look and feel have been maintained while incorporating functionality for modern users. 1800s-era cast iron columns at the expansive entrance blend with re-pointed brick and painted cedar siding. Interior features include exposed brick walls and original wood flooring on the first floor, tall windows and oversized doors and trim upstairs. Both levels offer 10-foot ceilings that make for an open and inviting environment suitable for a variety of commercial uses and imbue the apartments with unexpected spaciousness.

Located on a quiet downtown street between Huron and Washington, just one block from Michigan Avenue, the location offers appealing walkability and connectivity. It's surrounded by retail and professional offices, steps from the art center and walking distance to Riverside Park and Depot Town. The building character and location accord long-term tenant appeal and consistent occupancy.

Investment highlights

  • Downtown Ypsilanti mixed-use investment
  • First floor commercial space, second floor apartments
  • Fully leased
  • Modern renovations with historic look and feel
  • Ground-level exposed brick and original wood flooring
  • Oversized doors/trim and tall windows in both apartments
  • 10’ ceilings on both floors
  • Bold entrance with 1800s-era cast iron columns

New roof (2020), re-pointed brick and painted-cedar walls

Short walk to Depot Town and Riverside Park, one block from Michigan Ave.

Surrounded by retail and professional offices and nearby art center

Part of historic G.A.R. Hall Block

Listing Contacts

JP
MI MI 6501273079
Swisher Commercial
Listed by Swisher Commercial

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Additional Information

Name
Joe Palms, CCIM
License
MI 6501273079
Brokerage
Joseph Palms, CCIM
Title
Associate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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