Retail with Whitmore Lake Frontage

Retail-Commercial for Sale
Catylist Listing ID: 29941769
Property Subtypes: Movie Theatre, Retail-Pad, Vehicle Related
Building Size (RSF): 3,921 SF
Gross Land Area: 2.87 Acres
Sale Price: $388,000
Unit Price: $98.95 PSF
Ceiling: 11 ft.
Property Use Type: Vacant/Owner-User
Usable Size (USF): 3,921 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/18/2017

Overview / Comments

Great location on Main Street in downtown Whitmore Lake. Located just off Exit 53 on US-23. Property includes frontage on Whitmore Lake. Ideal for a marina, boat or vehicle sales. Medical or dental offices would work at this central location. Could be single or multi-family housing to take advantage of the lake access.

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $7,922 (Annual)
Assessed Value - Total($) $221,600 (Annual)

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Taxing Authority: Northfield Township
Tax ID/APN: B-02-06-105-005
Zoning: WLD-W
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Eight Mile Rd & Barker
Property Visibility: Good
Largest Nearby Street: S Main St
Feet of Frontage: 95
Highway Access: Located just off US-23 at the Eight Mile Road off-ramp (Exit 53).
Area Description: Whitmore Lake is a four-seasons lake.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,921 SF
Property Condition: Average
Year Renovated: 1988
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 10
Parking Ratio: 2.8 (per 1000 SF)
Parking Type: Surface
Zoning Description: See attached Zoning Description
Lot Frontage: 95
Lot Depth: irregular
Water Service: Well
Sewer Type: Municipal
Legal Description: *OLD SID - B 02-006-009-00 NO 6-3G COM AT E 1/4 POST OF SEC TH N 1873.45 FT, TH S 74-34 W 24.15 FT TO POB, TH S 74- 34 W 150 FT, TH S 6-27 E 118.68 FT, TH W 33.18 FT, TH S 6-27 E 90 FT, TH W 150 FT, TH N 6-27 W 90 FT, TH W 269.95 FT, TH S 281 FT, TH E 150 FT, TH N 95 FT, TH E 458.89 FT, TH N 95 FT, TH W 118 FT TO C/L OF RD, TH N'LY TO POB. PT NE 1/4 SEC 6 T1S R6E 2.87 AC

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 14,588 36,140
Median Age: 39.86 41.92
Households: 5,790 13,595

Contact

Photograph of Listing Agent

Richard Timmons

Colliers International Not a member of CPIX
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