Fountain Square Shopping Center — Sale in Ypsilanti, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Ypsilanti, MI 48197
  • Year built: 1988

Photos

Fountain Square Shopping Center — Sale in Ypsilanti, MI, photo 1 of 7
Fountain Square Shopping Center — Sale in Ypsilanti, MI, photo 2 of 7
Fountain Square Shopping Center — Sale in Ypsilanti, MI, photo 3 of 7
Fountain Square Shopping Center — Sale in Ypsilanti, MI, photo 4 of 7
Fountain Square Shopping Center — Sale in Ypsilanti, MI, photo 5 of 7
Fountain Square Shopping Center — Sale in Ypsilanti, MI, photo 6 of 7
Fountain Square Shopping Center — Sale in Ypsilanti, MI, photo 7 of 7

Investment Figures

Cap rate
8.35%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Fountain Square Shopping Center, a 37,216-square-foot, multi-tenant neighborhood retail center located at 2864 Washtenaw Avenue in Ypsilanti, Michigan. The property is positioned along Washtenaw Avenue, a major thoroughfare providing direct connectivity between Ypsilanti and Ann Arbor, supporting strong visibility, access, and daily convenience for local residents and the surrounding workforce. Fountain Square benefits from immediate proximity to US-23 and convenient access to I-94, offering efficient north–south and east–west connectivity throughout Washtenaw County and the greater Detroit and Ann Arbor metro areas. The property is strategically located near several of the region’s most significant institutional and employment drivers, including Eastern Michigan University, Washtenaw Community College, and Trinity Health Ann Arbor Hospital. Eastern Michigan University enrolls 12,631 students and serves as a major educational and employment anchor within the Ann Arbor–Ypsilanti corridor. Washtenaw Community College enrolls 11,133 students and employs a substantial academic and administrative workforce, creating sustained demand for nearby retail, service, and dining offerings. Trinity Health Ann Arbor Hospital, a 537-licensed-bed regional medical center located directly behind the property, serves as a major healthcare and employment hub, drawing a steady daily population of medical professionals, patients, and visitors that further supports consistent traffic and neighborhood retail demand along the Washtenaw Avenue corridor. Fountain Square also benefits from adjacency to an established retail shopping plaza, reinforcing the area as a consolidated retail node with strong consumer draw. The concentration of neighboring retail and service uses enhances cross-shopping activity and long-term tenant viability, while the surrounding residential density ensures the center continues to function as a true neighborhood shopping desti

Market Context

This retail in Ypsilanti, MI is listed for sale. It is offered at an approximate 8.3% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 1988. Compare it against other retail listings for sale in Ypsilanti, MI — view the full market.

Contact

Explore this market

Similar Retail Business for Sale in Michigan