New ownership has breathed life into the small commercial building at 10 N Washington in downtown Ypsilanti. A local couple bought the 4,600-square-foot structure a year ago, which had previously been occupied by the Green Financial Group. The building has since been renovated into a home for new businesses.
"It was a vacant office building built for a single purpose," says Stewart Beal, president of
Beal Properties, which helped redevelop 10 N Washington. "We are in the process of turning it into a multi-use building with nine suites for nine tenants."
The circa-1920 building has 2,800 square feet on the first floor and another 1,800 square feet in the basement. While it's being renovated into a space for as many as nine businesses (some of the office suites can be combined into larger spaces).
So far Beal Properties has signed leases for five of the nine spots.
Bodies by Yogi (a personal training firm) has taken one of the suites while Eden Light and a watch and clock repair shop have each taken two suites each.
Paint Ypsilanti is also close to signing a lease for another one of the suites.
"There will be about 15 occupants (workers) when its fully leased," Beal says.
He adds that the ownership decided to renovate the building into smaller suites because there is an unmet demand for those in downtown areas, like Ypsilanti's city center.
"We got so many calls from people who wanted to rent smaller spaces so we went in that direction," Beal says.
Source: Stewart Beal, president of Beal Properties
Writer: Jon Zemke
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