Catylist ID: #28618890

Historic "Old Brewery Building" - Depot Town

Office for Sale
Also listed as Hospitality, Industrial
Property Subtypes Mixed Use, Flex Space, Office Building
Building Size (RSF): 5,271 SF
Gross Building Area: 5,271 SF
Gross Land Area: 0.61 Acres
Sale Price: $415,000
Unit Price: $78.73 PSF
Ceiling: 12 ft.
Docks/Doors: 1 Door
Building Name: Old Brewery Building
Class of Space: Class C
Sale Terms: Cash to Seller, Owner Financing
Last Updated: 4/18/2014

Property Overview

The "Old Brewery Building" received The Heritage Foundation's "2012 Marker Award" for its adaptive reuse and preservation of historical structures. Fully remodeled and updated, this is a premium property located in Depot Town, Ypsilanti, MI.

The current user "Utilities Instrumentation Services" has occupied the building since 1988 and will be vacating by 12/31/13.

Zoned "B3" (Central Business District) can serve as a mixed-use office, retail and warehouse/shop.

The building has five (5) contiguous but distinct "Sections A-E" (see floor plan) to accommodate a single owner/occupant; or easily sub-divided and leased separately as an income producing property.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket: Washtenaw E of 23
Tax ID Number/APN: 11-11-09-130-002
Property Use Type: Vacant/Owner-User
Zoning: B3 - CENTRAL BUSINESS DISTRICT
Tenancy: Multiple Tenants
Percent Occupied: 0%
Smallest Unit Available: 400 SF
Market Type: Medium
Property Located Between: Michigan Avenue and E. Cross Street
Road Type: Paved
Transportation: Bus, Taxi
Highway Access: US-12/Michigan Ave. and I-94 and US-23
Airports: DTW, ANN ARBOR
Site Description: Property faces N. River Street and backs-up to Conrail train tracks. Lot size is approximately 125' X 265'.
Area Description: Depot Town is a commercial area, with some residences above storefronts,[1] in Ypsilanti, Michigan's historic district. Depot Town proper consists of East Cross Street from the Huron River to North River Street, and a small area on the 300-block of North River Street. However, several blocks in the surrounding area are also commonly referred to as part of Depot Town. These areas include Riverside Park, Frog Island Park (both of which are on the Huron River), and River Street extending north and south for several blocks. First established in the late 1830s, most of the buildings standing today were constructed between 1850 and 1880. Over the years, Depot Town has included hotels, an underground railroad station, an American Civil War barracks, and a building that has housed a bar and restaurant continuously for more than 150 years, switching to soft drinks during Prohibition. Today the area is dominated by restaurants, stores and other businesses. Depot Town also hosts several large summer festivals each year, as well as weekly bike nights and cruise nights.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,900 SF
Year Built: 1860
Year Renovated: 1990
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: The rear portion of historic brick structure is two-story with flat roof. Ground level is 1,380sf shop/warehouse space with 10'x10' over-head door; the 2nd floor includes six (6) nicely finished offices. The front portion of block structure is a single-story with flat roof, and three contiguous but divisible units totaling 2,511sf.
Parking Type: Surface
Parking Description: Paved lot with 18 parking spaces. Additional parking available on un-surfaced lot in rear of building.
Total Parking Spaces: 18
Heat Type: Electricity, Gas, Suspended Radiant Heaters
Heat Source: Central, Radiant
Air Conditioning: Engineered System
Interior Description: Unit "A" is approx. 400sf with separate front & rear entrances - can be used for office or retail; Unit "B" is approx. 820sf with separate front & rear entrances - can be used for office or retail; Unit "C" is 1,080sf with separate front entrance - can be used for office or retail and includes a "clean-room" with access to warehouse/shop; Unit "D" is approx. 1,380sf warehouse/shop with pedestrian access and 10x10 O.H. Door; Unit "E" is 2nd story with separate entrance and approx. 1,380sf finished offices. Building has 4 Gas & Electric meters and 1 water meter. Office spaces are serviced by forced-air HVAC, and Heat Pump unit; and warehouse/shop areas have radiant Lennox/Reznor heaters.
Zoning Description: The WS workshop studio district is designed to allow the production of handicrafts and products which are primarily handmade or requiring a minimum of industrial machinery and often employing the skills of trained craftsmen or artisans; along with studios and limited retail and wholesale activities, which have minimal undesirable impacts. The WS workshop studio district is intended to allow for a transition zone between strictly business areas to strictly manufacturing areas. The WS workshop studio district may be used in blocks which contain old vacant commercial structures, mixed land uses, under-utilized structures or other deficiencies in older neighborhood business areas.
Lot Frontage (Feet): 125
Lot Depth: 265
Topography: Level
Easements Description: Railroad right-of-way in rear of property

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,392 71,592 148,200
Median Age: 29.94 32.79 34.72
Households: 7,673 30,099 60,264

Contact

This contact is a member of CPIX
Photograph of Listing Agent

Tony Caprarese

Swisher Commercial
734-222-7520 [Office] Send Email, View Profile
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