Ypsilanti Retail/Office Sale or Lease

Retail-Commercial for Sale
Catylist Listing ID: 30557854
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant
Building Size (RSF): 2,980 SF
Gross Land Area: 0.42 Acres
Sale Price: $179,000
Unit Price: $60.07 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Formerly Mila's Market
Usable Size (USF): 2,980 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/14/2020

Overview / Comments

Iconic Ecorse Rd. property "The COW BUILDING" ...formerly Mila's Market. Ideally suited for many types of retail establishments, restaurant, convenience store and office type uses. Front building is 1,540sf. Additional 1,440 sf building located in rear. Plenty of parking.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Taxing Authority: Ypsilanti Township
Tax ID/APN: K-11-10-380-025
Zoning: ERFB
Retail Clientele: General, Family, Business
Property Located Between: Corner Ecorse Rd. & Oaklawn Blvd.
Property Visibility: Excellent
Largest Nearby Street: Ecorse Rd. and US-12 /I-94 access Drive
Feet of Frontage: 166
Highway Access: Ecorse Rd. and US-12/I-94 access drive
Site Description: Multiple entry/exit off Ecorse Rd.
Area Description: Ypsilanti Township (Y-Town), located east of Ann Arbor, is the largest township in Washtenaw County and the seventh largest in the State of Michigan. Y-Town has over 53,000 residents and spans 32 square miles with close proximity to Detroit, Detroit Metropolitan and Willow Run Airports, Eastern Michigan University, and the University of Michigan. Y-Town has partnered with the Michigan Economic Development Corporation, Ann Arbor SPARK, Michigan Small Business Development Center and the Ann Arbor/Ypsilanti Regional Chamber of Commerce, to guide our community in economic development and community growth. We have the benefit of sharing the community vibe, recreation, culinary and arts scene of the City of Ypsilanti as well as Ann Arbor as a progressive, vibrant and growing area.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,540 SF
Property Condition: Average
Year Built: 1962
Year Renovated: 1985
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 15
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: The Ecorse Road Form Based district (ERFB) is intended to implement the vision established by the township master plan and the E. Michigan Avenue and Ecorse Road placemaking plan, to transform the Ecorse Road corridor into a vibrant, dynamic area through placemaking and the attraction of new investment. The Ecorse Road Form Based district allows for the consolidation and creative redevelopment of parcels. Permitted uses include financial institutions, general retail, food use without a drive-through, personal services and business services.
Lot Frontage: 166
Lot Depth: 172
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,601 66,100 136,184
Median Age: 37.91 33.25 34.45
Households: 5,086 26,802 55,261


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