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415 W Forest Ave 3,078 SF Specialty Building Offered at $650,000 in Ypsilanti, MI 48197
Investment Highlights
- Flexible layout supports residential, office, lodging, or institutional uses.
- Wraparound porch, composite deck, and spacious common areas.
- Corner-lot location adjacent to Eastern Michigan University.
- Historic Victorian architecture dating to 1885.
Executive Summary
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.
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.
Property Facts
| Price | $650,000 | Lot Size | 0.25 AC |
| Price Per SF | $211.18 | Building Size | 3,078 SF |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Specialty | Year Built/Renovated | 1885/1983 |
| Property Subtype | Sorority/Fraternity House | Parking Ratio | 3.25/1,000 SF |
| Building Class | C | ||
| Zoning | Rs - Multi-Use | ||
| Price | $650,000 |
| Price Per SF | $211.18 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Sorority/Fraternity House |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 3,078 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1885/1983 |
| Parking Ratio | 3.25/1,000 SF |
| Zoning | Rs - Multi-Use |
Amenities
- Air Conditioning
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 11-40-112-009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $207,600 |
Property Taxes
Parcel Number
11-40-112-009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$207,600
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415 W Forest Ave