Downtown Ann Arbor Retail Commercial

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Office
Catylist Listing ID: 30041005
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Status: Pending/Contingent
Building Size (RSF): 22,743 SF
Gross Land Area: 0.26 Acres
Sale Price: See Agent
Ceiling: 10 ft.
Property Use Type: Vacant/Owner-User
Building Name: Kiwanis
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/22/2017

Overview / Comments

Corner downtown Ann Arbor building. Great bones, tin ceilings, lots of windows, sprinkler system, elevator, open floor plan. Full kitchen on top floor, along with serving area, board room, office, open area, storage room and men's and women's bathrooms. With some modifications can have some parking on site. Just two blocks west of Main Street.

The main floor and 2nd floor are also listed for lease, 11,220 Sq.Ft. @ $28.00/SF NNN.

The property is owned by Kiwanis Club of Ann Arbor Foundation. They are a non-profit organization, therefore the property isn't subject to real property taxation. See agent for further details.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: City of Ann Arbor
Tax ID/APN: 09-09-29-211-001
Zoning: D2
Retail Clientele: General, Family, Business
Property Located Between: W. William & W. Liberty
Property Visibility: Excellent
Largest Nearby Street: First
Feet of Frontage: 162
Highway Access: Easy access to M-14 and I-94.
Airports: Ann Arbor Airport, Willow Run & Detroit Metro
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,610 SF
Property Condition: Average
Year Built: 1930
Roof Type: Flat
Construction/Siding: Block
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: C2B/R business service/residential district. (1) Intent. This district is designed to encourage the orderly clustering and placement of family-oriented high-density residential and commercial development within the business service 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. C2A central business district. These districts are designed to serve the central retail marketing function of the entire Ann Arbor trade area which extends at least halfway to surrounding cities of comparable size. A prime characteristic of these districts is a core of intense pedestrian activity. Most persons entering the district will come by automobile and typically will park once to carry out several errands. The economic welfare of merchandising activities in these districts depend on the intense development of comparison shopping. In these districts each establishment contributes to the whole shopping center by adding to the variety of goods available and to the comparison shopping opportunities. This essentially interdependence of activities is given precedence in the regulation and the future planning of the district over any desire to permit automobiles to come directly to each establishment. Provision is made in the C3 district for these uses that need to have the customer come directly to each establishment. Office building activities are compatible with the purpose of the district as long as adequate and convenient automobile parking can be provided for both the office and the retail merchandising activity. Residential development above the street level is also an important component of the district's pedestrian orientation. Permitted principal uses. (a) Any principal use permitted in the C-1 local business district without limitation to floor area or seating capacity. (b) Hotels and motels. (c) Any retail business whose principal activity is the sale of new merchandise in an enclosed building, excepting uses, such as the following, which tend to detract from or interfere with a high intensity of pedestrian shopping activity: automobile dealers, boat dealers, mobile home dealers, motorcycle dealers, filling stations. (d) Retail sales in which both a workshop and a retail outlet or showroom are required, such as plumbing, electrician [electrical], interior decorating, upholstering and similar establishments of no more objectionable character, subject to the provision that not more than 50% of the total usable floor area of the establishment shall be used for servicing, repairing, manufacturing or processing activities. (e) Enclosed theaters, radio and television studios, excluding transmission and receiving towers, assembly halls, concert halls or similar places of assembly or entertainment. (f) Governmental, newspaper publishing plants, charitable institutions, local and suburban transit and passenger transportation facilities. (g) Any permitted principal use of the "R" dwelling districts. (h) Business and personal services which are performed within an enclosed building, including duplicating, addressing, blueprinting, printing, photographic reproduction and film processing. (i) Retail sales of garden and horticultural supplies, which may have an automobile loading area as an accessory use. Permitted accessory uses. (a) Those allowed in the R3 district.
Lot Frontage: 163
Lot Depth: 75
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOTS 1 AND 2 & N 12.19 FT OF E 90 FT LOT 5 BLK 2 ASSESSORS PLAT NO 3 ALSO BEG AT THE SW COR OF LOT 2;TH S 89 DEG 46' 00" E 49.05 FT' TH S 77 DEG 49' 53" W 45.31 FT; TH N 90 DEG 00' 00" W 6.07 FT; TH N 19 DEG 05' 51" W 10.34 FT ; TH S 89 DEG 46' 00" E

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 32,636 108,563 163,118
Median Age: 26.71 33.04 34.29
Households: 11,945 44,097 67,516

Contact

Source

© 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.