Light Industrial / High Tech Building for Sale in Ypsilanti

Industrial for Sale
Catylist Listing ID: 30377428
Property Subtypes: Flex Space, Free-Standing, Light Industrial
Building Size (RSF): 10,900 SF
Gross Building Area: See Agent
Gross Land Area: 1.43 Acres
Sale Price: $875,000
Unit Price: $80.28 PSF
Ceiling: 16 ft.
Docks/Doors: 2 Doors
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2019

Overview / Comments

Fully occupied 10,900 SF light industrial and high tech building. Layout currently set for two tenants in the building. Large fenced yard in rear of building. Multiple water + gas lines, electrical drops. 200 amps, 240 volt, 3-phase electric. Includes wet lab, two 14' overhead doors and 16' ceiling height. More lease information available with confidentiality agreement.
Located between Huron Street and Frank Daniels Drive, just south of I-94 and Ypsilanti. Close to retail centers, businesses, hotel and golf course.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Taxing Authority: Ypsilanti Charter Township
Tax ID/APN: K-11-17-363-026
Zoning: I-1 LIGHT INDUSTRIAL
Property Located Between: Huron Street and Frank Daniels Drive
Highway Access: Easy access to I-94 via Huron Street.
Airports: Detroit, Ann Arbor, Willow Run
Area Description: Ypsilanti is a progressive city with a great community vibe, culinary and arts scene. Ypsilanti has the second largest contiguous historic district in the state of Michigan which includes both downtown Ypsilanti, along Michigan Avenue, and the Depot Town area adjacent to Frog Island Park and Riverside Park, which features many specialty shops, bars and grills, and a farmers' market. Ypsilanti’s Depot Town neighborhood is receiving national attention after East Cross Street was named to the American Planning Association’s (APA) list of 15 “Great Places in America” for 2018. The history of Ypsilanti is still present and vibrant in today’s shops, dining and entertainment scene. With the Downtown and Depot Town districts only minutes apart they utilize their beautifully preserved historic areas to add interest to the variety of cultures present in the art, music and shopping. Ypsilanti is home to Eastern Michigan University and expands beyond the downtown districts to include 23,000+ acres of public park and recreation areas that help make up the Washtenaw County area. You’re just minutes from town and can find golfing, mountain biking, canoeing, hiking or natural scenery to relax in. Alternatively, you can travel to neighboring Ann Arbor (6 miles west of Ypsilanti) or Detroit (18 miles east of Ypsilanti) for sporting events, concerts and cultural excursions.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2004
Parking Type: Surface
Parking Description: Ample amount of parking available. Large fenced yard in rear of building.
Overhead Cranes: Undisclosed
Amps: 200
Volts: 240
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: I-1, Light Industrial The I-1 light industrial districts are designed so as to primarily accommodate wholesale activities, warehouses, and industrial operations whose external, physical effects are restricted to the area of the district and in no manner affect in a detrimental way any of the surrounding districts. The I-1 district is so structured as to permit, along with any specified uses, the manufacturing, compounding, processing, packaging, assembly and/or treatment of finished or semifinished products from previously prepared material. The general goals of this use district include, among others, the following specific purposes: 1. To provide sufficient space, in appropriate locations, to meet the needs of the township's expected future economy for all types of manufacturing and related uses. 2. To protect abutting residential districts by separating them from manufacturing activities, and by prohibiting the use of such industrial areas for new residential development. 3. To promote manufacturing development which is free from danger of fire, explosions, toxic and noxious matter, radiation and other hazards, and from offensive noise, vibration, smoke, odor and other objectionable influences. 4. To promote the most desirable use of land in accordance with a well-considered plan. To protect the character and established pattern of adjacent development, and in each area to conserve the value of land and buildings and other structures, and to protect the township's tax revenue base.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 10, EXCEPT THE W 73.5 FT THEREOF. 1.43 ACRES, WASHTENAW BUSINESS PARK, SECTION 17, T3S-R7E, YPSILANTI TWP, WASHTENAW COUNTY, MI. PART OF FRENCH CLAIMS 681.CERTIFIED BUSINESS PARK, OCTOBER, 1988

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,751 88,257 142,586
Median Age: 33.85 32.86 34.66
Households: 3,618 36,123 58,513

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