Commercial building for lease NNN/Gross/Modified Milan, MI

Retail-Commercial for Lease
Catylist Listing ID: 30392633
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub, Other
Contiguous Space: 9,476 SF
Building Size (RSF): 9,400 SF
Gross Building Area: 9,476 SF
Gross Land Area: 0.80 Acres
Lease Rate: $8 - 10 PSF (Annual)
Base Monthly Rent: $6,317 - 7,896
Lease Types: Gross Lease, Modified Gross, NNN
Ceiling: 12 ft.
Usable Size (USF): 9,400 SF
Last Updated: 3/13/2019

Overview / Comments

This commercial building is a total of 9400 sq ft, and could easily be two separate units (5000/4400 sq ft) with a shared bathrooms or one complete unit. The property features newer commercial grade kitchen equipment, two walk in freezers, newer roof, and 100 space (shared) newer resurfaced parking lot. The property also has newer windows, vinyl siding, central AC and furnace. Located on a main road in the City of Milan, MI, and a main exit for US-23 with over 60,000 cars a day, this lease space would be the perfect location to start or expand your business. A restaurant, brewery, or retail location would fit nicely in either unit. Liquor license can be purchased at the municipality. Minimum 2 year lease term required. The owner is open to creative leasing options.

Attachments & Media

Expand All Available Space

Suite: 1 9,476 SF $8 - 10 PSF (Annual) NNN,Gross Lease,Modified Gross
Space Available: 9,476 SF
Lease Rate: $8 - 10 PSF (Annual)
$6,317 - 7,896 (Monthly)
Lease Type: NNN,Gross Lease,Modified Gross
Date Available: 3/11/2019
Lease Term: 24 Months
Space Type: New
Offices 4
Kitchen Yes
Parking Spaces 100
Rent Escalators Fixed Lease

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Tax ID/APN: 191935183002
Zoning: C2-HS
Retail Clientele: General, Business, Traveler, Recreation, Other
Property Located Between: Lewis St. & Michigan Ave.
Property Visibility: Excellent
Largest Nearby Street: County Rd.
Feet of Frontage: 179
Traffic/Vehicle Count: 60,000
Highway Access: US-23 exit
Airports: Detroit Metro within
Site Description: Excellent visibility from the road and US-23 exit. Two curb cuts for entrances off of Dexter St. and Lewis St. Excellent exterior ascetics with new roof and siding. Large parking lot (100 spaces)
Area Description: Surrounding area is commercial with outlay of residential within 1-2 miles. Typical expressway exit demographics with restaurant, gas stations, and hotels nearby, with newer built single family residential sub divisions in the outlay.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 9,476 SF
Property Condition: Average
Year Built: 1980
Year Renovated: 2015
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Vinyl siding
Total Parking Spaces: 100
Parking Ratio: 9.4 (per 1000 SF)
Parking Type: Surface
Parking Description: Shared 100 space parking lot with one other retail building (H&R Block)
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3, Gigabit
Zoning Description: 201 Commercial
Lot Frontage: 179
Lot Depth: 200
Water Service: Municipal
Sewer Type: Municipal
Legal Description: REWRITE PER 1975 QCD MI 29-30-A LOTS 36, 37, 38 & 39, SUPERVISOR'S PLAT #10

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,261 9,718 21,859
Median Age: 36.7 37.29 39.77
Households: 1,505 3,167 7,348


Photograph of Listing Agent

Greg Moore

ISR Group CPIX Member
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