100+102 W. Michigan Ave.

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30061182
Property Subtypes: Mixed Use, Restaurant, Street Retail
Status: Pending/Contingent
Building Size (RSF): 11,529 SF
Gross Building Area: See Agent
Sale Price: $599,900
Unit Price: $52.03 PSF
Ceiling: 12 ft.
Property Use Type: Vacant/Owner-User
Building Name: Dalat
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2017

Overview / Comments

What an opportunity! This beautiful building is ready for its newest owner to carry forward its historic past. Located at one of the most frequented corners in the area, this iconic building includes: A full commercial kitchen, a class C liquor license, restaurant seating, walk in coolers, new windows, updated HVAC, and much more. Upstairs features plenty of well taken care of space that could be perfect for office space or apartments. Owner will entertain offers for the building separate of liquor license.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Taxing Authority: City of Ypsilanti
Tax ID/APN: 11-11-40-485-025 / 11-11-40-485-024
Zoning: C
Retail Clientele: General, Business, Tourist
Property Visibility: Excellent
Feet of Frontage: 24
Highway Access: I-94 is one mile away
Airports: Detroit Metro 15 minutes away
Total Number of Buildings: 2
Number of Stories: 3
Typical SF / Floor: 3,000 SF
Property Condition: Good
Year Built: 1860
Roof Type: Flat
Construction/Siding: Metal Siding
Exterior Description: Metal siding, brick behind the siding
Parking Description: City owned lot behind building that allows for 2HRs of free parking
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,310 73,892 146,937
Median Age: 28.89 33.04 34.96
Households: 6,477 30,750 60,032

Contact

Photograph of Listing Agent

Tyler Weston

Real Estate One
CPIX Member
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