Tavern/Bar For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30803823
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 3,430 SF
Gross Land Area: 0.73 Acres
Sale Price: $199,999
Unit Price: $58.31 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/23/2022

Overview / Comments

Great opportunity to own a Tavern/restaurant & music venue property Solid location on a large corner lot on Ecorse Road. Surrounded by local businesses and established neighborhoods. Plenty of parking available.

Zoning offers many possibilities.

Easy access to Michigan Avenue, I-94, downtown Ypsilanti, Detroit, and Ann Arbor.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Taxing Authority: Ypsilanti Township
Tax ID/APN: K -11-11-331-009
Zoning: ERFB ECORSE ROAD FORM BASED DISTRICT
Retail Clientele: General, Business, Traveler, Other
Property Located Between: Greenlawn Street & S Harris Road
Property Visibility: Good
Largest Nearby Street: S Harris Road
Feet of Frontage: 100
Traffic/Vehicle Count: 1,220
Highway Access: I-94
Airports: Willow Run, Detroit Metro & Ann Arbor Municipal
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1955
Roof Type: Flat
Total Parking Spaces: 40
Parking Type: Surface
Parking Description: Plenty of rear parking.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: The Ecorse Road form based district (ERFB) is intended to implement the vision established by the township master plan and the E. Michigan Avenue and Ecorse Road placemaking plan, to transform the Ecorse Road corridor into a vibrant, dynamic area through placemaking and the attraction of new investment. The Ecorse Road form based district allows for the consolidation and creative redevelopment of parcels. Development of buildings and sites, including retrofitting and redevelopment of existing sites and buildings, can include residential, retail, office, and service uses. Uses designed to support the residents and local workers are also encouraged, such as mixed-use developments with small scale retail or restaurant uses incorporated with housing units. The redeveloped corridor will help diversify the township housing and commercial stock and incorporate architecturally interesting buildings.
Lot Frontage: 100
Lot Depth: 134
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: available with title commitment
Land Ownership: Owner
Legal Description: LOTS 68 - 71 INCL, EXC SLY 10 FT. EAST LAWN SUBDIVISION

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,332 67,825 139,556
Median Age: 35.51 33.38 34.51
Households: 5,864 27,129 56,121

Contact

Photograph of Listing Agent

James H. Chaconas

Colliers International
CPIX Member
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