1917 Federal Blvd

Retail-Commercial for Sale
Also listed as Office, Special Purpose
Catylist Listing ID: 30835883
Property Subtypes: Day Care Facility, Free-Standing Building, Retail-Pad, Street Retail, Other
Building Size (RSF): 6,000 SF
Gross Land Area: 0.67 Acres
Sale Price: $925,000
Unit Price: $154.17 PSF
Ceiling: 16 ft.
Property Use Type: Business
Building Name: Master Tech Appliance Service
Usable Size (USF): 6,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/24/2023

Overview / Comments

Property is located in the City of Ann Arbor's recently rezoned (TC1 - Transit Corridor) and is approximately one-block west of West Stadium Blvd., a high-traffic business & services corridor with surrounding densely populated residential area. The 0.672 acre parcel is improved with a 6,000 sq. ft. building that has for many years served as the home of Master Tech Appliance Service.

The TC1 Transit Corridor is intended along existing transit corridors with regular fixed service provided by the Ann Arbor Area Transportation Authority primarily on established commercial and office sites. This district has been created to facilitate, encourage, and support redevelopment and infill development to realize mixed use developments and achieve mixed use corridors. This district has replaced the O, RE, ORL, C2B, C3, P, R5 and M1 districts.

Permitted uses include new multi-family residential development (up to 6 stories) and commercial uses including Assisted Living, Student & Group Housing, Clubs, Museum & Art Gallery, Funeral, Government & Library, Religious Assembly, Adult/Child Daycare, Schools, Hospital & Nursing Care, Art & General Indoor Entertainment, Restaurant, Bar & Food Service, Laundry Cleaning, Veterinary, Kennel & Animal Boarding, Banks, Credit Services, General & Medical Office, Laboratory, Research & Development, Transit Depot, Broadcasting, Date Processing and Special Events. Special Exception uses include Medical Marijuana Provisioning Center & Retailer.

There is parking in front of the building and additional parking in the rear - including a fenced area currently leased to the USPS for vehicle parking that generates additional monthly rental income for the Property owner. All public utilities are available at the Property.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: City of Ann Arbor
Tax ID/APN: 09-09-31-208-032
Retail Clientele: General, Family, Business, Recreation, Other
Property Located Between: One-block west of West Stadium Blvd.
Property Visibility: Excellent
Largest Nearby Street: West Stadium Blvd.
Feet of Frontage: 80
Highway Access: I-94, US-23, M-14
Airports: DTW, Ann Arbor
Site Description: The site is flat with paved parking in front and rear, and additional fenced gravel lot for additional vehicle parking/storage
Area Description: 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: 6,000 SF
Property Condition: Average
Year Built: 1960
Roof Type: Flat
Construction/Siding: Block
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: Ample customer parking in front. Additional parking in rear.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central, Radiant
Air Conditioning: Engineered System
Interior Description: Approximately 1,500sf front office & service counter. Remainder of building is open floor shop/service space.
Zoning Description: TC1 Transit Corridor. See attached TC1 Zoning description.
Lot Frontage: 80'
Lot Depth: 366'
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: Lot 30 Bedford Buttner Commercial Sub.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,224 96,687 152,549
Median Age: 38.12 32.68 35.01
Households: 7,057 38,831 61,643


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