Ypsilanti Three Bay Rental Building for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30329288
Property Subtypes: Free-Standing Building, Vehicle Related
Building Size (RSF): 4,770 SF
Gross Building Area: See Agent
Gross Land Area: 0.55 Acres
Sale Price: $250,000
Unit Price: $52.41 PSF
Ceiling: 12 ft.
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/18/2018

Overview / Comments

Automotive use 3 bay rental building for sale. 5 overhead doors in front, 3 in back (drive through). Has been hand car wash and auto related service work in the past. One tenant remains on east end, month to month. Second floor apartment in back of building is out of code, not in use, and not included in 4,770 SF. Would be an additional 717 SF but might be better used as an office as it needs work. Separate utilities. The three west bays will be vacant in October 2018. Land contract possible.
48 hour notice to show.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Taxing Authority: Ypsilanti Township
Tax ID/APN: K-11-10-386-009
Zoning: B3
Retail Clientele: General
Property Located Between: Oakland and Maus
Feet of Frontage: 180
Highway Access: I-94, US-23, US-12
Airports: DTW, Ann Arbor, Willow Run
Area Description: Ypsilanti is a progressive city with a great community vibe 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. 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: 1950
Roof Type: Flat
Construction/Siding: Concrete
Parking Type: Surface
Heat Source: Ceiling Units
Internet Access: Cable
Zoning Description: The B-3 general business districts are designed to provide sites for more diversified business types which would often be incompatible with the pedestrian movement in the local business district or the community business district. • Sec. 1101. - Principal uses permitted: • In a general business district, no building or land shall be used and no building shall be erected except for one or more of the following specified uses unless otherwise provided in this ordinance: 1.Any retail business or service establishment permitted in B-1 and B-2 districts as principal uses permitted, subject to the regulations applicable in the following sections of this ordinance. 2.Any retail business or service establishment permitted and as regulated in B-1 and B-2 districts as uses permitted subject to special conditions. 3.Bus passenger stations. 4.New and used car salesroom, showroom or office. 5.Other uses similar to the above uses. 6.Other structures customarily incident to the above permitted uses. 7.Secondhand apparel businesses whose principal activity is devoted to the sale of secondhand apparel. Pawnbrokers, secondhand dealers, and junk dealers are not uses permitted under this section. (Ord. No. 97-169, 6-17-97)
Lot Frontage: 180
Lot Depth: 140
Water Service: Municipal
Sewer Type: Municipal
Legal Description: DESCRIPTION CORRECTION 3/7/01 (906 & 908 ECORSE) QUIT CLAIM DEED 3/26/97, LIBER 03477, PAGE 0705. LOT 172 OF STURTEVANT MANOR SUB NO. 1, OF PART OF THE E 1/2 OF THE SW 1/4 OF SEC 10, T3S, R7E, YPSILANTI TWP, WASH CO, MI, EXCEPTING & RESERVING THEREFROM LAND DESC AS: BEG AT PT ON S/L OF LOT 172, PT BEING LOCATED 15 FT W OF CORNER COMMON TO LOTS 172, 173, 174 AND 175, RUNNING TH E ALG S/L SD LOT 172 TO CORNER COMMON TO LOTS 172, 173, 174, AND 175, TH N 4-16 W 124.96 FT ALG LN COMMON TO LOTS 172 & 175, TH W PARALLEL WITH S/L LOT 172 A DISTANCE OF 5 FT, TH S 0-17-23 W 124.61 FT TO POB. ALSO EXCEPTING RELEASE OF ROW TO PEOPLE OF STATE OF MICH, ALSO EXCEPTING & RESERVING THEREFROM LAND SOLD TO AMBROSE D. JOHNSON & WIFE BY WARRANTY DEED DATED MAY 26, 1953, RECORDED JULY 26, 1954 IN LIBER 666 OF RECORDS, PAGE 358, WASH CO RECORDS. LOTS 175 AND 180 AND A PT OF LOT 172, EXCEPTING N 15 FT (MEAS AT RIGHT ANGLES) OF SD LOTS OF STURTEVANT MANOR SUB NO. 1 OF PT OF THE E 1/2 OF THE SW QUARTER OF SEC 10, YPSILANTI TWP, WASH CO, MI. SD PREMISES BEING MORE PARTICULARLY DESC BY METES AND BOUNDS. REVISED DECEMBER 31, 1958 BY AMERICAN ENGINEERING CO. BEG AT PT OF INTERESECTION OF ELY LN OF SD LOT 160 AND SLY LINE OF ECORSE RD (80 FT WIDE), TH DUE W ALG SLY LN OF ECORSE RD 138 FT TO PT, BEING THE NW COR OF SD PREMISES, TH S 0-17-23 W 124.61 FT TO PT ON SLY LN OF LOT 172, TH E ALG SLY LN OF LOTS 172, 175, 180, 148 FT TO PT, BEING SE COR OF LOT 180, TH N 4-18 W ALG ELY LN OF LOT 180, 124.96 FT TO POB.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,094 69,995 137,864
Median Age: 37.25 33.24 34.61
Households: 5,763 28,218 56,000

Contact

Photograph of Listing Agent

David L. Hamilton, CCIM

Swisher Commercial CPIX Member
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