Income Property For Sale - Depot Town

Office for Sale
Also listed as Retail-Commercial, Industrial
Catylist Listing ID: 28618890
Property Subtypes: Mixed Use, Flex Space, Office Building
Building Size (RSF): 4,732 SF
Gross Building Area: 4,732 SF
Gross Land Area: 0.61 Acres
Sale Price: $375,000
Unit Price: $79.25 PSF
Ceiling: 12 ft.
Docks/Doors: 1 Door
Building Name H & W Property
Class of Space Class C
Sale Terms Cash to Seller, Owner Financing
Last Updated: 2/27/2015

Property Overview

The "H & W Property" 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.

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

The building has five (5) contiguous but distinct "Suites A-E" (see floor plan) to accommodate a single owner/occupant; but, currently accommodates up to five separate tenants.

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
Tenancy Multiple Tenants
Percent Occupied 58%
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
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. 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. Anticipated major developments include the restoration and development of the "Thompson Block Building" and "Amtrak Railway Station".
Total Number of Buildings 1
Number of Stories 2
Typical SF / Floor 4,732 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 a 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.
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. 1,240sf warehouse/shop with pedestrian access and 10x10 O.H. Door; Unit "E" is 2nd story with separate entrance and approx. 1,192sf 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 B3 - Central Business District
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


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