Warehouse / Flex Building for Sale

Industrial for Sale
Catylist Listing ID: 30795249
Property Subtypes: Flex Space, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 16,000 SF
Gross Land Area: 1.78 Acres
Sale Price: $1,800,000
Unit Price: $112.50 PSF
Ceiling: 18 ft.
Docks/Doors: 1 Dock
Drive In Bays: 1 Bay
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/24/2022

Overview / Comments

Industrial flex warehouse for sale in ideal State Circle location off State Street near I-94, downtown Ann Arbor and surrounding communities.

Large warehouse with 18-foot ceilings, retail space, two offices (one on 2nd level), one loading dock, one bay door, and a big mezzanine. The building sits on almost 2 acres, providing room for building and/or parking lot expansion. The rear of the property has 200 feet of frontage on eastbound I-94 w/ signage available.

Currently leased, contact listing agent for additional information.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: Pittsfield Township
Tax ID/APN: L -12-08-400-009
Zoning: FORM-BASED MIXED USE
Property Located Between: Airport Blvd & E Eisenhower Parkway
Highway Access: I-94
Airports: Ann Arbor Municipal
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1966
Roof Type: Flat
Parking Type: Surface
Total Parking Spaces: 35
Overhead Cranes: Undisclosed
Heat Type: Natural Gas, Suspended Radiant Heaters
Heat Source: Central
Lighting: Fluorescent, Halogen
Internet Access: Cable
Lot Frontage: 75
Lot Depth: 428
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Provided with title commitment
Land Ownership: owned
Legal Description: COM AT E 1/4 COR SEC 8, TH S 01-06-00 E 824.50 FT, TH S 89-54-00 W 832.00 FT, TH W'LY 300.00 FT ALNG ARC-CURV-RTRAD=396.71 FT CH=N 69-24-00 W 293.36 FT, TH W'LY 277.93 FT ALNG ARC-CURV-LFT RAD=462.71 FT CH=N 64-54-25 W 273.77 FT TO POB TH CONT ALNGN'LY R/W W'LY 72.56 FT ALNG ARC-CURV-LFT RAD=462.71 FT CH=N 86-36-25 W 72.49 FT, TH S 88-54-00 W 75.00 FT, TH N 00-40-30 W 469.96 FT, TH S 86-42-05 E 3.47 FT, TH S 76-25-05 E 199.61 FT, TH S 05-59-00 W 428.03 FT TO POB.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,275 79,701 167,252
Median Age: 38.1 34.17 34.54
Households: 4,035 32,445 68,711

Contact

Photograph of Listing Agent

James H. Chaconas

Colliers International
CPIX Member
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