High-Visibility Retail in Ann Arbor for Sale

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30666465
Property Subtypes: Convenience Store, Street Retail, Vehicle Related
Status: Pending
Building Size (RSF): 1,295 SF
Gross Land Area: 0.13 Acres
Sale Price: $410,000
Unit Price: $316.60 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 3/5/2021

Overview / Comments

High-visibility retail, cafe or service location. Single-story structure with retail showroom/open service area and garage space with two overhead doors. Located where high-traffic Plymouth Road joins Broadway. Historic Lower Town corner within two blocks of UM Medical facilities, neighborhoods, running & biking trails and the Argo Cascades. Two major mixed-use developments coming soon–one in progress across the street and one about to break ground across the river that includes a hotel, condos, event pavilion and green space. Zoning is C3, one of the most permissive, allowing retail, residential, restaurant, personal services, auto retail sales and repairs and much more. Property includes five on-site parking spaces.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: City of Ann Arbor
Tax ID/APN: 09-09-21-306-022
Zoning: C3
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Moore and Swift
Property Visibility: Excellent
Largest Nearby Street: Broadway
Feet of Frontage: 49
Site Description: Corner parcel where Plymouth Rd. turns into Broadway at Moore St.
Area Description: Close proximity to single-family and multi-family residential, retail, medical and recreation. The Ann Arbor area is a friendly community with big-city sophistication; a world-class educational and high-tech research center nestled in a quintessential college town; a close-knit community of charming neighborhoods with a rich mix of cultures. The Ann Arbor campus has plenty to inspire and entertain. Ranked as the #2 Best College Town in America, Ann Arbor and the University of Michigan go together like Maize and Blue! With more than 43,000 undergrad and graduate students, campus life is interwoven with city life. Ann Arbor is a successful tech hub, attracting entrepreneurs, start-ups and tech giants such as Google. The talent pool and resources rival that of Silicon Valley but with a Midwestern culture and relatively lower cost of living than the Bay Area or New York City. Ann Arbor is the perfect climate for tech companies to find success, stability and growth. Although geographically small, the area is perhaps most renowned for its entertainment, athletics, cultural offerings, dining experiences and nightlife. On almost any given weekend, a visit to Ann Arbor will coincide with one of the many festivals and special events hosted in Ann Arbor. Two of the most recognizable traditions are the Ann Arbor Art Fair and University of Michigan football. Every July, the award-winning Ann Arbor Art Fair transforms the downtown streets into an art gallery featuring thousands of juried artists. In the fall, each football Saturday brings more than 100,000 people to town for tailgating and fill "The Big House" to watch the University of Michigan Wolverines. In the winter, holiday light festivals and the Ann Arbor Folk Festival are always crowd pleasers. April brings the thaw and a weekend unlike any other as we celebrate whimsy during FoolMoon and FestiFools. Described as an urban oasis, the Ann Arbor area is also the perfect four season destination for outdoor enthusiasts. You'll discover golf courses, trails groomed for hiking and cross-country skiing, some of the best canoeing and kayaking in southeastern Michigan along the twelfth nationally recognized water trail — the Huron River.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,295 SF
Property Condition: Fair
Year Built: 1938
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 5
Parking Type: Surface
Parking Description: On-site. Street spaces available additionally for pick-up/drop-off.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: This district is intended to provide for certain types of commercial activities that 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 downtown area. 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 downtown area. 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. Permitted principal uses. - (b)Retail sales that may have service, repair, leasing or rental, or manufacturing facilities in connection therewith, including: new and used automobile dealers; boat and sporting good dealers; mobile home dealers; agricultural implement, garden supply and motorcycle dealers. (c)Retail sales, as typically incidental to contractors, in which a workshop is required for successful operation and in which the retail outlet or show room may in fact be an accessory use, such as, but not limited to: plumber, electrician, lighting fixtures, air conditioning and heating (including incidental sheet metal work), radio and television, interior decorator, re-upholstery and refinishing, sign painting and awnings. (d)Enclosed building for storage and repair of automobiles, trucks and construction equipment; food locker plant (including the cutting and packaging of meat or game, sale at retail, delivery of individual home orders, renting of individual lockers for home-customer storage of food, but excluding slaughtering or eviscerating thereof). (e)Wholesaling, warehousing, refrigerated and general storage. (f)Veterinary hospitals and kennels. (g)Outdoor recreation, such as: miniature golf, golf driving ranges, commercial swimming (a)Any principal use permitted in the D1 downtown core district. - D1 - Downtown Core District. This district is intended to contain the downtown's greatest concentration of development and serves as a focus for intensive pedestrian use. This district is appropriate for high-density mixed residential, office and commercial development. pools, outdoor theaters and canoe liveries. (3) Special exception uses pursuant to section 5:104. (a) The temporary outdoor sales or display of goods and services, not covered by section 5:10.15(h) that cannot meet the standards of section 5:10.15(f), may be approved as a special exception use pursuant to section 5:104. (b) A drive-thru facility that is an accessory to a permitted principal use in the C3 fringe commercial district, provided that the facility is not located between a street and the principal building, and the vehicular circulation to enter and exit the facility does not impair the general circulation on the site or the pedestrian circulation on and off the site.
Legal Description: PRT LOTS 15 & 16 INT SW LINE MOORE ST AND NW LINE BROADWAY TH NW ALG MOORE ST 115 FT TH SW PAR TO BROADWAY 49.61 FT TH SE PAR TO MOORE ST 65.74 FT TH NE ALG NW LINE LOT 17, 8 FT TH SE ALG NE LINE LOT 17 49 FT TH NE ALG NW LINE BROADWAY 42.4 FT TO POB ASSESSORS PLAT NO 33 EXC COM AT INTERSEC OF SWLY ROW LINE OF MOORE ST AND NWLY LINE OF BROADWAY TH N 32 DEG 29 MIN 00 SEC W 17 FT TH S 33 DEG 04 MIN 26 SEC W 40.8 FT TH N 57 DEG 48 MIN 00 SEC E 37 FT TO POB

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,903 109,596 159,291
Median Age: 25.53 33.59 34.13
Households: 8,055 44,647 66,486

Contact

Photograph of Listing Agent

Joseph Palms, CCIM

Swisher Commercial
CPIX Member
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