13-unit mixed use retail/office commercial and residential income property: 3 retail and 10 residential units. Solidly constructed all-brick with over 9400 sq-ft on three levels. 7 studio units, 2-2 bed and 1-3 bed units. Separate utilities, laundry room, ample private and public parking. Numerous upgrades and updates including brick facade, roof, A/C, bamboo flooring, carpet, granite, windows, appliances, more. Commercial tenants pay all utilities. Second floor: tenant pays gas and electric. Third floor: tenant pays elect. Central air on floors 1 and 3; window units on floor 2. Very close to EMU College of Business, Huron River and Riverside Park. 100% leased, and tenants require lead time for viewing requests.
Sold
$930,000
224 W Michigan Ave, Ypsilanti, MI 48197
13beds
13baths
2,670sqft
5+ Units
Built in 1899
-- sqft lot
$856,500 Zestimate®
$348/sqft
$1,165 Estimated rent
Home value
$856,500
$779,000 - $934,000
$1,165/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Barry Kenyon 734-635-2000,
Real Estate One Inc
Bought with:
Brian Bundesen, 6501325274
Real Estate One Inc
Source: MichRIC,MLS#: 24026853
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 13
Heating
- Forced Air
Cooling
- Central Air, Wall Unit(s)
Appliances
- Laundry: Common Area, Laundry Closet
Features
- Basement: Full
Interior area
- Total interior livable area: 2,670 sqft
Property
Parking
- Total spaces: 6
Lot
- Size: 3,049 Square Feet
- Dimensions: 50 x 60
- Features: Sidewalk
Details
- Parcel number: 111140484010
- Zoning description: C
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Brick
- Roof: Other
Condition
- New construction: No
- Year built: 1899
Utilities & green energy
- Sewer: Public Sewer, Storm Sewer
- Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Community & HOA
Community
- Subdivision: Lot 79 Original Plat
HOA
- Amenities included: Laundry
Location
- Region: Ypsilanti
Financial & listing details
- Price per square foot: $348/sqft
- Tax assessed value: $121,556
- Annual tax amount: $9,686
- Date on market: 6/26/2024
- Listing terms: Cash,Tax Def Exchange
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2024 | Sold | $930,000-6.5%$348/sqft |
Source:  MichRIC #24026853 Report a problem | ||
| 7/6/2024 | Pending sale | $995,000$373/sqft |
Source: MichRIC #24026853 Report a problem | ||
| 6/26/2024 | Listed for sale | $995,000$373/sqft |
Source: MichRIC #24026853 Report a problem | ||
| 6/18/2024 | Contingent | $995,000$373/sqft |
Source: MichRIC #24026853 Report a problem | ||
| 5/29/2024 | Listed for sale | $995,000+116958.8%$373/sqft |
Source: MichRIC #24026853 Report a problem | ||
| 12/5/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/2/2023 | Price change | $879-2% |
Source: Zillow Rentals Report a problem | ||
| 8/30/2023 | Price change | $897-0.1% |
Source: Zillow Rentals Report a problem | ||
| 6/22/2023 | Price change | $898-0.1% |
Source: Zillow Rentals Report a problem | ||
| 5/20/2023 | Price change | $899-2.8% |
Source: Zillow Rentals Report a problem | ||
| 4/23/2023 | Listed for rent | $925+8.8% |
Source: Zillow Rentals Report a problem | ||
| 12/20/2012 | Listing removed | $850 |
Source: Real Estate One, Group One Realty Team Report a problem | ||
| 8/29/2012 | Listed for rent | $850 |
Source: Real Estate One, Group One Realty Team Report a problem | ||
| 11/7/2011 | Listing removed | $850 |
Source: Real Estate One #3108267 Report a problem | ||
| 11/6/2011 | Listed for sale | $850-57.5% |
Source: Real Estate One #3108267 Report a problem | ||
| 10/24/2010 | Listing removed | $2,000$1/sqft |
Source: Real Estate One #2911284 Report a problem | ||
| 10/21/2010 | Price change | $2,000+135.6%$1/sqft |
Source: Real Estate One #2911284 Report a problem | ||
| 10/19/2010 | Price change | $849-57.6% |
Source: Real Estate One #2911284 Report a problem | ||
| 10/17/2010 | Price change | $2,000+135.6%$1/sqft |
Source: Real Estate One #2911284 Report a problem | ||
| 10/16/2010 | Price change | $849-57.6% |
Source: Real Estate One #2911284 Report a problem | ||
| 10/15/2010 | Price change | $2,000+135.6%$1/sqft |
Source: Real Estate One #2911284 Report a problem | ||
| 10/12/2010 | Price change | $849-57.6% |
Source: Real Estate One #2911284 Report a problem | ||
| 10/11/2010 | Price change | $2,000+135.6%$1/sqft |
Source: Real Estate One #2911284 Report a problem | ||
| 10/10/2010 | Price change | $849-57.6% |
Source: Real Estate One #2911284 Report a problem | ||
| 10/4/2010 | Price change | $2,000+135.6%$1/sqft |
Source: Real Estate One #2911284 Report a problem | ||
| 10/1/2010 | Listed for sale | $849 |
Source: Real Estate One #2911284 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | -- |
Find assessor info on the county website
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- NAPerry Early Learning CenterGrades: PK-1Distance: 0.6 mi
- 3/10Estabrook SchoolGrades: PK,1-8Distance: 1.2 mi
- 2/10AC Tech High SchoolGrades: 9-12Distance: 1.6 mi
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Estimated market value
$856,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$856,500
- Michigan
- Washtenaw County
- Ypsilanti
- 48197
- Downtown
- 224 W Michigan Ave
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