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RENTS & Current Availability

please note asking rents are subject to change at any time until units are leased


Located in Downtown Ypsilanti

Architectural Rendition

Commercial Leasing Considerations

Commercial lease applications are reviewed on a case-by-case basis.
Here are some factors we look at in evaluating commercial lease applications:

  • the financial strength of the tenant (eg, credit history, financial or bank statements, or tax returns)
  • the tenant’s ability or track record as a merchant or business
  • the tenant’s advertising, branding, or appearances (eg, is the tenant’s current business attractive, inviting and clean?)
  • how much the landlord has to spend on improvements
  • the condition of the building or the space being leased
  • the need or importance of a specific type of business use
  • how many vacancies are available in this property as well as the general market area
  • the placement options for the tenant within the building (eg, some tenants need high visibility and signage whereas others may not)
  • how well the tenant’s business will fit with the existing businesses nearby (ie, the correct mix of retail tenants can maximize all of their sales potential)
  • the use type of the business (eg, office, retail, or personal services) may also be a factor in how we evaluate the application
Commercial Leasing Documentation / Verification

Documents which may be requested as part of our commercial lease applications:

  • signed financial statements
  • recent bank statements
  • recent tax returns
  • business credit history
  • credit history of the business’ owner(s)
  • background check of the business’ owner(s)
  • personal guarantees of the business owner(s)
Commercial Leasing Process
  • Complete our online rental application below. Paper applications can also be made available at our open houses or by request by calling 734-272-6612.
  • Once we receive your application we will send a credit & background screening report via TransUnion.
  • We will check references, verify and review most applications within 15 business days.
  • Once approved we will collect your renter’s insurance certification, move-in payment, and send your lease package for your review and electronic signature.
  • Submit Certificate of Occupancy (“CofO”) application to the City of Ypsilanti for the specific business use type. The City typically requires a hand-drawn floor plan showing the business’ furniture, merchandise displays, etc, to be included with their application.
  • With all of the above requirements being met, the Landlord will then sign the lease and provide keys to the new Tenant on or ahead of their move-in date.

Property ownership includes and is managed by a licensed real estate broker.
Contact Alexander


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Interested?
Businesses, startups and co-signers may apply online: