Vacant Restaurant in Ypsilanti for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30556980
Property Subtypes: Restaurant
Building Size (RSF): 3,005 SF
Gross Building Area: See Agent
Gross Land Area: 0.38 Acres
Sale Price: $159,000
Unit Price: $52.91 PSF
Ceiling: 10 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/23/2020

Overview / Comments

3,005 sf restaurant building on 100' X 165' lot. Includes three restrooms, 12' vent hood, 8 X 23 walk-in cooler and two HVAC systems, replaced in 2015 and 2019. New roof also installed in 2019. Building is very clean with prep tables and dish washing equipment in place, grill and fryers removed. Surface parking for 36 cars. Priced to sell!

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Taxing Authority: Township of Ypsilanti
Tax ID/APN: 1111332014
Zoning: ERFB ECORSE ROAD FORM BASED DISTRICT, COMMERCIAL
Retail Clientele: General, Family, Business
Property Located Between: Harris and Ford Blvd
Property Visibility: Excellent
Largest Nearby Street: between Harris and Ford Blvd
Highway Access: I-94
Airports: DTW, Willow Run, Ann Arbor
Site Description: paved parking for 36 cars
Area Description: Ypsilanti is a progressive city with a great community vibe, culinary 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. Ypsilanti’s Depot Town neighborhood is receiving national attention after East Cross Street was named to the American Planning Association’s (APA) list of 15 “Great Places in America” for 2018. 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.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1960
Year Renovated: 1990
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 36
Parking Type: Surface
Parking Description: Ample parking available. 36 spaces
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Lot Frontage: 100
Lot Depth: 165
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,290 67,825 138,574
Median Age: 35.64 33.38 34.56
Households: 5,388 27,129 55,831

Contact

Photograph of Listing Agent

David L. Hamilton, CCIM

Swisher Commercial CPIX Member
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