Development Opportunity in Ypsilanti for Sale

Retail-Commercial for Sale
Catylist Listing ID: 28294050
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Tavern/Bar/Nightclub, Other
Building Size (RSF): 5,266 SF
Gross Land Area: 0.63 Acres
Sale Price: $400,000
Unit Price: $75.96 PSF
Property Use Type: Vacant/Owner-User
Building Name: Development Opportunity
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/22/2019

Overview / Comments

A versatile building located on highly visible corner near EMU main campus. Zoned for general commercial, but last use was restaurant/bar. There is no furniture, fixtures, equipment, or liquor license available.

Property available for qualified national retail tenant(s). Owner will re-model existing structure or build-to-suit for long-term lease. Ground lease also possible.

Deed restrictions will apply to sale.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Taxing Authority: City of Ypsilanti
Tax ID/APN: 11104265001
Zoning: C-1
Market Type: Medium
Retail Clientele: General, Family, Other
Property Located Between: Corner Huron River Drive and Ann St.
Road Type: Paved
Property Visibility: Excellent
Transportation: Bus, Highway, Airport, Taxi
Highway Access: Easy access to I-94 and US-23.
Site Description: Near EMU campus
Area Description: Washtenaw County
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,266 SF
Property Condition: Average
Year Built: 1975
Year Renovated: 2004
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 56
Parking Type: Surface
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Lot Frontage: 166
Lot Depth: 185

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,492 76,442 153,006
Median Age: 27.44 33.1 34.83
Households: 5,167 32,600 63,403


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