Free Standing Retail for Sale in Manchester

Retail-Commercial for Sale
Catylist Listing ID: 29983684
Property Subtypes: Free-Standing Building, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 4,480 SF
Gross Building Area: 8,960 SF
Gross Land Area: 1 Acre
Sale Price: $250,000
Unit Price: $55.80 PSF
Ceiling: 12 ft.
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 8,960 SF
Sale Terms: Cash to Seller
Cap Rate: 8.2%
Average Occupancy Rate: 100
Last Updated: 12/9/2016

Overview / Comments

This free standing building is located in the Central Business District of Downtown Manchester, Michigan. Currently used by Webb Auto Repair, Property Services Company and Manchester Mill, LLC. This site was reviewed and planned for a new build, multi-use development. Hobbs + Black Architects renderings available to prospective buyer. Truly some wonderful possibilities with this site, situated along the River Raisin in Downtown Manchester. Please see Documents attached to this listing for more details. Call Agent- Joseph Merkel to discuss this riverfront site.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: Village of Manchester
Tax ID/APN: PM-16-02-460-011
Zoning: CENTRAL BUSINESS DISTRICT
Retail Clientele: General, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Corner of Duncan and Adrian Streets along River Raisin
Property Visibility: Good
Largest Nearby Street: M-52
Feet of Frontage: 600
Traffic/Vehicle Count: 7,300
Highway Access: 10 Miles south of I-94 Interstate via exit 159(Chelsea) via M-52 to downtown Manchester.
Airports: DTW, Ann Arbor, Jackson, Tecumseh
Site Description: Free standing building comprised of 4480 SF with full basement and lower bay doors situated on Adrian Street with the River Raisin behind and adjoining property in the center of Historic Manchester, Michigan
Area Description: Manchester is a village in Washtenaw County, Michigan, situated on the River Raisin, founded in 1833 and named after Manchester, England. The community grew up around the river’s water power and historic Mill Pond. It is a small, closely-knit community, which provides opportunities for leisure time involvement in organizations, churches, and schools. It provides cultural resources for residents of the adjacent rural townships. The Village is a full service center and not a suburb. Its geographical position has thus far saved it from the pressures of rapid urbanization and encourages self-sufficiency even in recreational pursuits. However, the Village is within driving distance of a variety of cultural events in Ann Arbor, Ypsilanti, Adrian, Jackson, and of programs at two universities and several colleges. Manchester has four parks and the Leonard Preserve that offer beautiful settings for gatherings or walking. Downtown provides unique family restaurants, arts, antiques and gifts. The Italianate architecture preserves the charm of 19th century America, and includes several historic churches and homes. Community-wide festivities are still a dominant theme in Village life including the reknowned Manchester Chicken Broil, the canoe and boat race in May, Memorial Day parade, the Community Fair, Fourth of July celebration, gazebo concerts, Riverfolk Festival, Sportsman’s Club activities/events, and numerous other community, club, school and church events. Manchester schools offer excellent performing arts center, gym, weight room, media center, telecommunications lab, as well as many academic resources including Smartboards, projectors, computer labs, and recently our one to one iPad roll out for each student. They strive to provide a secure, challenging learning environment which will empower all students to achieve their greatest potential.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,480 SF
Property Condition: Good
Year Built: 1890
Year Renovated: 1950
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Block Exterior with paint and windows to retail or office areas.
Total Parking Spaces: 70
Parking Type: Surface
Parking Description: Public and Municipal areas next to and near building also. Large Gravel Base Lot behind building.
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable, Satellite
Interior Description: Office/Retail Space on upper street level and Garage Auto Repair in back on lower level of structure.
Zoning Description: C-2 Central Business District
Lot Frontage: 600
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Land Ownership: LLC
Legal Description: Four combined parcels comprise legal description. See ALTA Owner's Policy Dated 2006 for 131 Adrian.


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,429 4,569 9,395
Median Age: 42.41 43.19 44.88
Households: 1,071 1,864 3,727

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