Terrific Opportunity!

Retail-Commercial for Sale
Catylist Listing ID: 30623969
Property Subtypes: Free-Standing Building, Mixed Use, Service Station/Gas Station, Street Retail, Vehicle Related
Building Size (RSF): 9,396 SF
Gross Building Area: See Agent
Gross Land Area: 1.64 - 1.65 Acres
Sale Price: $900,000
Unit Price: $95.79 PSF
Ceiling: 16 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/24/2020

Overview / Comments

Rare opportunity to purchase 2 freestanding leased retail properties on a 1.65 acre lot backing to US 23 with plenty of parking.

Property sale includes:

4,644 SF garage/retail (Creative Cars Auto Repair)
1,152 SF utility shed
3,600 SF warehouse/showroom (Diversified Docks & Lifts)

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: Northfield Township
Tax ID/APN: B -02-20-300-017
Zoning: LI - LIMITED INDUSTRIAL
Retail Clientele: General, Family, Business, Traveler
Property Located Between: N Territorial Road & W Northfield Church Road
Property Visibility: Good
Largest Nearby Street: Whitmore Lake Road
Feet of Frontage: 153
Traffic/Vehicle Count: 3,750
Highway Access: US-23
Airports: Detroit Metro, Willow Run & Ann Arbor Municipal
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Good
Year Renovated: 1999
Roof Type: Gable
Total Parking Spaces: 32
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Other
Internet Access: Cable
Zoning Description: This district is composed of those areas of the township whose principal use is or ought to be light manufacturing and other limited industrial uses. These uses generate a minimum of noise, glare, odor, dust, vibration, air and water pollutants, fire, explosive and radioactive hazards, and other harmful or obnoxious matter. This district has been located within the township to permit the development of these industrial uses, to protect adjacent agricultural, residential and commercial areas against the encroachment of incompatible uses, and to lessen congestion on public streets and highways. To these ends, certain uses which would function more effectively in other districts and would interfere with the operation of these industrial activities and the purpose of this district have been excluded.
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: provided with title commitment
Land Ownership: owned
Legal Description: COM AT W 1/4 COR SEC 20, TH N 87-57-43 E 24.65 FT, TH S 39-19-22 E 2119.44 FT ALONG NE LN WHITMORE LK RD TO POB, TH N50-40-38 E 498.41 FT, TH S 23-41-59 E 155.75 FT, TH S 50-40-38 W 456.47 FT, TH N 39-19-22 W 150 FT TO POB

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,266 35,382
Median Age: 40.79 41.03
Households: 3,582 13,951

Contact

Photograph of Listing Agent

James H. Chaconas

Colliers International
CPIX Member
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