Investment Overview

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 destination. The property’s service-oriented tenant mix is well aligned with the needs of the local community, institutional users, and nearby healthcare and educational employment bases. The center’s location along the Ann Arbor–Ypsilanti corridor provides a compelling blend of affordability, access, and demand drivers. Ann Arbor’s limited retail supply, strong income demographics, and institutional density continue to push retail demand outward along Washtenaw Avenue, positioning Fountain Square to capture spillover demand while maintaining strong local relevance. This corridor-driven positioning supports long-term stability and creates meaningful upside through lease-up of remaining vacancy and rental rate normalization. Washtenaw County remains one of Michigan’s most economically resilient markets, supported by a diversified employment base anchored by education, healthcare, technology, and advanced manufacturing. Fountain Square’s proximity to major educational institutions, a 537-bed regional healthcare anchor, adjacent retail, and regional highway infrastructure positions the asset as a durable neighborhood retail investment with embedded demand, strategic corridor exposure, and long-term growth potential.