Development Opportunity in Ypsilanti for Sale

Retail-Commercial for Sale
Catylist Listing ID: 28294050
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Tavern/Bar/Nightclub, Other
Building Size (RSF): 5,266 SF
Gross Land Area: 0.63 Acres
Sale Price: $400,000
Unit Price: $75.96 PSF
Property Use Type: Vacant/Owner-User
Building Name: Development Opportunity
Sale Terms: Cash to Seller
Cap Rate:
Last Updated: 11/25/2015

Overview / Comments

A versatile building located on highly visible corner near EMU main campus. Zoned for general commercial, but last use was restaurant/bar. There is no furniture, fixtures, equipment, or liquor license available.

Property available for qualified national retail tenant(s). Owner will re-model existing structure or build-to-suit for long-term lease. Ground lease also possible.

Deed restrictions will apply to sale.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Tax ID/APN: 11104265001
Zoning: C-1
Market Type: Medium
Retail Clientele: General, Family, Other
Property Located Between: Corner Huron River Drive and Ann St.
Road Type: Paved
Property Visibility: Excellent
Transportation: Bus, Highway, Airport, Taxi
Highway Access: Easy access to I-94 and US-23.
Site Description: Near EMU campus
Area Description: Washtenaw County
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,266 SF
Property Condition: Average
Year Built: 1975
Year Renovated: 2004
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 56
Parking Type: Surface
Heat Type: Gas
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Lot Frontage (Feet): 166
Lot Depth: 185

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,492 76,442 153,006
Median Age: 27.44 33.1 34.83
Households: 5,167 32,600 63,403


© Copyright Commercial Property Information Exchange (CPIX). All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.