Downtown Ypsilanti Retail/Restaurant/Office

Retail-Commercial for Sale
Distressed
Property Subtypes Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 9,000 SF
Gross Building Area: See Agent
Gross Land Area: 6,240 SF
Sale Price: $325,000
Unit Price: $36.11 PSF
Ceiling: 12 ft.
Docks/Doors: 1 Door
Building Name Pub 13
Sale Terms Cash to Seller
Distressed/Bank-Owned Yes
Last Updated: 7/30/2014

Property Overview

Prime location in the City of Ypsilanti walking distance to EMU campus, Depot Town and Frog Island. Two story building with bars on both levels and open floor seating areas. Adjacent building 17 N. Washington also available Contact list agents about DDA re-development incentives.

Financials

Finance Data Year 2012
Real Estate Taxes - Annual($) $12,475 (Annual)
Tax Value Improvements $143,900
Assessed Value - Total($) $143,900 (Annual)

Additional Details

Nearest MSA Ann Arbor
County Washtenaw
Submarket Washtenaw E of 23
Tax ID Number/APN 11-11-40-484-018
Property Use Type Net Leased Investment (NNN), Vacant/Owner-User
Zoning B-3
Tenancy Single Tenant
Percent Occupied 0%
Market Type Medium
Retail Clientele General
Property Located Between W. Michigan Ave & Pearl
Side of Street West
Road Type Paved
Property Visibility Excellent
Largest Nearby Street W. Michigan Ave.
Feet of Frontage 52
Transportation Bus, Highway, Taxi
Highway Access I-94
Total Number of Buildings 1
Number of Stories 2
Typical SF / Floor 4,500 SF
Property Condition Fair
Year Built 1870
Year Renovated 2002
Roof Type Flat
Construction/Siding Brick
Parking Type Surface
Parking Description public parking lot in back of building
Heat Type Gas
Heat Source Central
Air Conditioning Engineered System
Zoning Description B-3 City of Ypsilanti
Lot Frontage (Feet) 52
Lot Depth 120
Topography Level
Legal Description Part of lots 81 & 82 original plat

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,310 73,856 142,846
Median Age: 28.89 33.04 34.94
Households: 6,477 30,735 58,120

Contact

This contact is a member of CPIX
Photograph of Listing Agent

Charlie Koenn

Swisher Commercial
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