Commercial Building in Ypsilanti for Sale

Special Purpose for Sale
Catylist Listing ID: 30171639
Building Size (RSF): 4,000 SF
Gross Land Area: 0.12 Acres
Sale Price: $285,000
Ceiling: 18 ft.
Property Use Type: Vacant/Owner-User
Usable Size (USF): 4,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/18/2017

Overview / Comments

This well built commercial building was custom built in 1999 & designed by local architect Tom McMullen. It can easily divide into two usable/leasable units (duplex) or as a single owner-user. "NC" zoning requires low-intensity uses that are compatible with close-by residential neighbors.

It has high-end copper air lines and drops throughout the building; 12" split face mason block; high-end, well insulated garage doors & skylights; and ceilings over 16' high. It has a 800 SF apartment upstairs complete with a small bedroom, full bathroom, Jacuzzi tub, skylights, & is plumbed/setup for a full kitchen & stackable washer/dryer (not included). The two 18' X 11' offices, lower two half bathrooms & upstairs have central air. The entire building is well insulated to keep heating costs low. It is nicely landscaped & has concrete approaches in front of all the garage doors.

It's a diamond in the rough. Due to design and construction, building is easy to own, maintain & operate!

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Taxing Authority: City of Ypsilanti
Tax ID/APN: 11-11-09-109-001
Zoning: NC - NEIGHBORHOOD CORRIDOR-COMMERCIAL
Property Located Between: North and Ferrier Streets
Property Visibility: Fair
Largest Nearby Street: Michigan Ave./U.S. 12
Feet of Frontage: 88
Highway Access: I-94 via Huron Street and M-12 via Michigan Avenue
Airports: DTW, Willow Run Airport, Ann Arbor
Area Description: Ypsilanti is a progressive city with a great community vibe and arts scene. Ypsilanti has the second largest contiguous historic district in the state of Michigan which includes both downtown Ypsilanti, along Michigan Avenue, and the Depot Town area adjacent to Frog Island Park and Riverside Park, which features many specialty shops, bars and grills, and a farmers' market. The history of Ypsilanti is still present and vibrant in today’s shops, dining and entertainment scene. With the Downtown and Depot Town districts only minutes apart they utilize their beautifully preserved historic areas to add interest to the variety of cultures present in the art, music and shopping. Ypsilanti is home to Eastern Michigan University and expands beyond the downtown districts to include 23,000+ acres of public park and recreation areas that help make up the Washtenaw County area. You’re just minutes from town and can find golfing, mountain biking, canoeing, hiking or natural scenery to relax in. Alternatively, you can travel to neighboring Ann Arbor (6 miles west of Ypsilanti) or Detroit (18 miles east of Ypsilanti) for sporting events, concerts and cultural excursions.
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Average
Year Built: 1999
Parking Type: Surface
Interior Description: Each unit has separate office/reception area, bathrooms and over-head doors
Zoning Description: NC - Neighborhood Corridor - Commercial
Legal Description: *OLD SID - 11 11-290-080-00 YP CITY 16E-65 LOT 80 HUNTERS ADDITION. 222 N LINCOLN

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,092 72,044 148,200
Median Age: 30.23 32.79 34.72
Households: 7,952 30,285 60,264

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