Westside Ann Arbor - Retail

Retail-Commercial for Sale
Catylist Listing ID: 30163521
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 43,134 SF
Gross Land Area: 1.90 Acres
Sale Price: $3,890,000
Unit Price: $90.18 PSF
Ceiling: 13 ft.
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/4/2017

Overview / Comments

43,135 sq ft Retail / Warehouse / Flex space on West Stadium Blvd. Perfect for owner user or great investment. 50% occupied with frontage on Stadium available. Owner will commit to one year lease for front space, maybe longer term for middle space.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: City of Ann Arbor
Tax ID/APN: 09-09-31-208-028
Zoning: C3
Retail Clientele: General, Family, Business
Property Located Between: Federal Boulevard & Pauline
Property Visibility: Excellent
Largest Nearby Street: W Stadium Boulevard
Feet of Frontage: 100
Traffic/Vehicle Count: 14,586
Highway Access: Easy access to I-94 at the Jackson Rd Exit (#172).
Airports: Ann Arbor, Willow Run & Detroit Metro
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 43,135 SF
Property Condition: Average
Year Built: 1961
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 76
Parking Ratio: 1.8 (per 1000 SF)
Parking Type: Surface
Heat Type: Natural Gas
Zoning Description: C3 fringe commercial district. (1) Intent. The design and regulations of this district are set up to provide for certain types of commercial activities which have characteristics in common. In this district, the customer usually comes directly to the particular establishment by automobile, making a separate stop for each errand. Comparison shopping activity is less than in the central business district. Since there is little essential interdependence of activities, establishments can be dispersed over considerable areas with each establishment having its own automobile parking. Good automobile accessibility is essential to these districts. The uses permitted, because of their lack of intense pedestrian activity and their required contact with auto access, would be incompatible in the central business district. (2) Permitted principal uses. (a) Any principal use permitted in the C2B business service district. (3) Permitted accessory uses. (a) Those allowed in the R3 district.
Lot Frontage: 100
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 6 ASSESSORS PLAT NO 45 ALSO LOT 31 BEDFORD BUTTNER COMMERCIAL SUB

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,981 96,687 154,168
Median Age: 37.88 32.68 35
Households: 7,432 38,831 62,230

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