Lynn Auto
Retail-Commercial
for Sale
| Catylist Listing ID: |
30262750 |
| Property Subtypes: |
Free-Standing Building, Mixed Use
|
| Building Size (RSF): |
15,957 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.67 SF
|
| Sale Price: |
$749,000 |
| Unit Price: |
$46.94 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/17/2018 |
Overview / Comments
|
Large multiple use building in the heart of downtown! Good parking and very open historic building built in 1915. Many uses are possible for this large one story building. Previously used as an automotive parts retail store. Interior has an open sales floor, office spaces, and large storage room in the rear with garage door for easy delivery access. Parking lot has 40 spaces and is very close to the City parking lot for the downtown area. The city will be very helpful to anyone who wants to redevelop this property.
|
Additional Details
| Nearest MSA: |
Sault Ste. Marie |
| County: |
Chippewa |
| Taxing Authority: |
Chippewa County |
| Tax ID/APN: |
051-278-002-00 & 051-278-001-00 |
| Zoning: |
B-2 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation |
| Property Located Between: |
Ashmun Street and Bingham Avenue |
| Property Visibility: |
Good |
| Largest Nearby Street: |
Ashmun Street |
| Feet of Frontage: |
189 |
| Traffic/Vehicle Count: |
40 |
| Site Description: |
189 feet of frontage on Portage Avenue and 163 in depth. Paved parking lot with approximately 40 spaces. Building is approximately 104 feet by 160 feet. |
| Area Description: |
Located in the Downtown area of Sault Ste Marie, Michigan. 2 blocks west is the tourist district. Surrounding properties are commercial in nature. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
15,957 SF |
| Property Condition: |
Excellent |
| Year Built: |
1915 |
| Roof Type: |
Other |
| Construction/Siding: |
Brick/Aluminum Siding |
| Total Parking Spaces: |
40 |
| Parking Type: |
Surface |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Internet Access: |
Cable, DSL |
| Zoning Description: |
General Business (B-2) |
| Lot Frontage: |
189 |
| Lot Depth: |
163 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
COMPTROLLERS SUBD NO 1 LOT 1 AND COMPTROLLERS SUBD NO 1 LOT 2 AND E 30 FT LOT 3. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,148 |
12,567 |
15,285 |
| Median Age: |
33.44 |
35.18 |
36.02 |
| Households: |
3,084 |
5,397 |
6,448 |
|
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