South State Street Retail
Retail-Commercial
for Sale
| Catylist Listing ID: |
30519702 |
| Property Subtypes: |
Convenience Store, Free-Standing Building, Retail-Pad, Street Retail
|
| Building Status: |
Under Construction |
| Building Size (RSF): |
5,500 SF
|
| Gross Land Area: |
0.93 Acres
|
| Sale Price: |
$1,500,000 |
| Unit Price: |
$272.73 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Usable Size (USF): |
5,500 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
2/23/2021 |
Overview / Comments
Great Investment Property (retail or office space) on South State Street, close to Costco, and Research Park. High ceilings, lots of windows.
Located just behind the Jimmy John's restaurant. Signage on S State Street and possibility on building.
|
Additional Details
| Nearest MSA: |
Ann Arbor |
| County: |
Washtenaw |
| Submarket/Township: |
Washtenaw W of 23 |
| Taxing Authority: |
City of Ann Arbor |
| Tax ID/APN: |
09-12-09-301-012 |
| Zoning: |
C3 |
| Retail Clientele: |
General, Family, Business |
| Property Located Between: |
North of E Ellsworth and East of S. State Street |
| Property Visibility: |
Good |
| Largest Nearby Street: |
State Street |
| Traffic/Vehicle Count: |
43,870 |
| Highway Access: |
Easy access to I-94, just 1/3 of a mile north of property. |
| Airports: |
Ann Arbor, Willow Run & Detroit Metro |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
5,500 SF |
| Property Condition: |
Excellent |
| Year Built: |
2018 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick |
| Total Parking Spaces: |
22 |
| Parking Ratio: |
4 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
Ample parking right outside your door. |
| Internet Access: |
Cable, ISDN |
| Zoning Description: |
C3 fringe commercial district.
(1) Intent. The design and regulations of this district are set up to provide for certain types of commercial
activities which have characteristics in common. In this district, the customer usually comes directly to the
particular establishment by automobile, making a separate stop for each errand. Comparison shopping activity is
less than in the central business district. Since there is little essential interdependence of activities,
establishments can be dispersed over considerable areas with each establishment having its own automobile
parking. Good automobile accessibility is essential to these districts. The uses permitted, because of their lack of
intense pedestrian activity and their required contact with auto access, would be incompatible in the central
business district.
(2) Permitted principal uses.
(a) Any principal use permitted in the C2B business service district.
(3) Permitted accessory uses.
(a) Those allowed in the R3 district. |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Other |
| Easements Description: |
Provided with title commitment |
| Land Ownership: |
Owned |
| Legal Description: |
THE N 82.5 FT OF THE S 330.0 FT OF THE W 528 FT OF SW 1/4 SEC 9 T3S R6E 1.00 AC |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,526 |
67,722 |
169,032 |
| Median Age: |
34.45 |
35.37 |
34.38 |
| Households: |
2,460 |
28,232 |
69,700 |
|
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