Two Unit Retail For Sale in Ypsilanti

Retail-Commercial for Sale
Catylist Listing ID: 29975324
Property Subtypes: Free-Standing Building
Building Size (RSF): 4,599 SF
Gross Land Area: 0.19 Acres
Sale Price: $145,000
Unit Price: $31.53 PSF
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 4,599 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/17/2017

Overview / Comments

Long-time owner is ready to sell. Nicely maintained two-unit commercial/retail building with great visibility and signage on Ecorse Rd. One tenant is currently month-to-month and pays $800/month. The other tenant will be leaving at end of June, and has been paying $1,800/month. This is a good opportunity for a new owner to use some or all of the building; and/or, lease out any unused portion for additional income.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Taxing Authority: Ypsilanti Township
Tax ID/APN: K-11-10-386-005
Zoning: B3 - GENERAL COMMERCIAL
Retail Clientele: Business
Property Located Between: Maus and Oaklawn
Property Visibility: Excellent
Largest Nearby Street: Ecorse Rd.
Highway Access: US-12, I-94
Airports: DTW, Ann Arbor
Area Description: Ypsilanti Township on Ecorse between Maus and Oaklawn.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1959
Roof Type: Flat
Parking Type: Surface
Parking Description: At the door parking
Zoning Description: The B-3 general business districts are designed to provide sites for more diversified business types which would often be incompatible with the pedestrian movement in the local business district or the community business district. • Sec. 1101. - Principal uses permitted: • In a general business district, no building or land shall be used and no building shall be erected except for one or more of the following specified uses unless otherwise provided in this ordinance: 1.Any retail business or service establishment permitted in B-1 and B-2 districts as principal uses permitted, subject to the regulations applicable in the following sections of this ordinance. 2.Any retail business or service establishment permitted and as regulated in B-1 and B-2 districts as uses permitted subject to special conditions. 3.Bus passenger stations. 4.New and used car salesroom, showroom or office. 5.Other uses similar to the above uses. 6.Other structures customarily incident to the above permitted uses. 7.Secondhand apparel businesses whose principal activity is devoted to the sale of secondhand apparel. Pawnbrokers, secondhand dealers, and junk dealers are not uses permitted under this section. (Ord. No. 97-169, 6-17-97)
Water Service: Municipal
Sewer Type: Municipal
Legal Description: YP# 93-58 LOT 191 STURTEVANT MANOR SUBDIVISION NO. 1.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,094 69,995 138,144
Median Age: 37.25 33.24 34.51
Households: 5,763 28,218 56,034

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