Vacant Lot w/Commercial Corner Assemblage

Retail-Commercial for Sale
Sale Pending
Also listed as Vacant Land
Catylist Listing ID: 1909395
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Movie Theatre, Parking Facility, Post Office, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other, General
Status: Pending
Building Size (RSF): 1 SF
Gross Building Area: See Agent
Gross Land Area: 0.47 Acres
Sale Price: $199,000
Unit Price: $199,000 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Vacant Land
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/20/2017

Overview / Comments

Vacant lot with prime commercial corner development potential. One of four property assemblage up to 2.17 acres. Combined 400' frontage on S. Hewitt and 386' frontage on E. Ellsworth. Additional property addresses include 617 S. Hewitt, 653 S. Hewitt and 2105 E. Ellsworth.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Taxing Authority: Ypsilanti
Tax ID/APN: K-11-39-252-008
Zoning: B3 GENERAL COMMERCIAL
Market Type: Medium
Retail Clientele: General
Property Located Between: E. Ellsworth & Michigan Ave.
Side of Street: East
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: U.S.12/Michigan Ave.
Feet of Frontage: 118
Traffic/Vehicle Count: 17,000
Highway Access: I-94 on/off Michigan Ave. exit less than one-half mile. Michigan Ave./US12 BR w/35,000 vpd is 1-block away.
Site Description: Vacant lot. Previously used for residential.
Area Description: Core business intersection includes new Dunkin Donuts, grocery store, Walmart and many other retail and service related businesses. Heavy use east-west and north-south traffic corridors for "going to & coming home" traffic.
Zoning Description: B3 - General Commercial.
Lot Frontage: 118
Lot Depth: 173
Easements Description: Triangle Park 15' wide unused easement between 639 & 653 S. Hewitt properties.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,635 75,966 174,896
Median Age: 33.59 33.53 32.76
Households: 4,156 31,771 68,443

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