Established Medical Center for SALE

Office for Sale
Catylist Listing ID: 30475887
Property Subtypes: Medical, Mixed Use, Office Building
Building Size (RSF): 15,000 SF
Gross Land Area: 1.19 Acres
Sale Price: $1,200,000
Unit Price: $80 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: Heritage Medical Center
Class of Space: Class C
Usable Size (USF): 15,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/3/2019

Overview / Comments

Well maintained Medical Center on high-traffic Michigan Ave with easy access to I-94 & I-275 and minutes to downtown Ypsilanti, Ann Arbor, Belleville & Canton. Surrounded by established businesses, retail and neighborhoods. Plenty of parking and easily accessible. Front, side and rear entry.

Large common waiting area, public bathrooms and private shared conference rm. Current long-term tenants include Probility Physical Therapy, Eastern Sav-More Pharmacy & Klemptner Internal Medicine.

Street and building signage available.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Taxing Authority: Ypsilanti Township
Tax ID/APN: K-11-10-125-015
Zoning: B3
Property Located Between: N Prospect Road & N Harris Road
Property Visibility: Excellent
Highway Access: I-94, I-275
Airports: Detroit Metro, Willow Run & Ann Arbor Municipal
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 15,000 SF
Year Built: 1960
Roof Type: Flat
Construction/Siding: Brick, Concrete
Parking Ratio: 3.8 (per 1000 SF)
Parking Type: Surface
Parking Description: Front, side and rear building parking available.
Total Parking Spaces: 57
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL
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.
Lot Frontage: 195.68
Lot Depth: 471
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: provided with title commitment
Land Ownership: owned
Legal Description: COMM AT THE NE COR OF SEC 10, TH N 90-0-0 W 1405.94 FT, TH S 0-56-0 E 292.45 FT, FOR A POB, TH S 16-17-2 E 57.25 FT, TH S 1-18-00 E 300 FT, TH S 73-21-30 W 17.74 FT, TH S 0-56-0 E 62.33 FT, TH S 73-21-30 W 180 FT, TH N 0-56-0 W 471.06, TH N 89-4-0 E 173.27 FT TO THE POB CONTAINING 1.90 +/- AC T3S R7E WASHTENAW COUNTY

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,483 60,172 143,149
Median Age: 36.21 33.23 34.65
Households: 4,804 24,694 57,535

Contact

Photograph of Listing Agent

James H. Chaconas

Colliers International
CPIX Member
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