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.

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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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