Maurer buys three more properties in downtown Ypsilanti (Update1)

April 21, 2010 by  
Filed under News

Eric and Karen Maurer announced this afternoon they have purchased three more properties in downtown Ypsilanti.

The properties are 120, 122, and 124 W Michigan Avenue and add over 18,000sf to their growing  portfolio. Maurer is the largest property owner in downtown Ypsilanti

Michigan Ave c. 1980. Photo Courtesy Ypsilanti Heritage Foundation

Michigan Ave c. 1980. Photo Courtesy Ypsilanti Heritage Foundation

Two of the properties were the former home of long time Ypsilanti clothing institution, Mellencamps. More recently Nobles Clothing, Jackson Hewitt, and Baker Accounting were tenants.

The buildings were all bank owned and are in need of significant work. The Maurers did not disclose purchase price.

Karen Maurer said these new properties would follow the concept for the already successful Kresge Block and the Mack and Mack building in downtown Ypsilanti.

The plan calls for three separate retail space on the first floor each with about 2,000sf. The upper floors will be upscale loft apartments with elevator service.

Maurer said they would be removing the metal facade and awning from the Mellencamp’s building. Construction is slated to begin in the Fall of 2010.

Website Maurer Management

Update 1: May 4, 2010 3:57p. Corrected name of tax preparation firm that was previous tenant in one of the buildings. The error was made in reporting.