Downtown Chelsea Mixed-Use Bldg For Sale
Retail-Commercial
for Sale
| Catylist Listing ID: |
30589092 |
| Property Subtypes: |
Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
|
| Building Size (RSF): |
8,668 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.15 Acres
|
| Sale Price: |
$1,200,000 |
| Unit Price: |
$138.44 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
10/26/2020 |
Overview / Comments
Handsome downtown Chelsea investment property! Great Main Street location w/ large retail space. Currently Vogel's & Foster's Department Store (since 1910!). Hardwood floors & large storefront windows (could be two separate retail spaces).
2nd floor has 2 leased apartments and space for a third one.
|
Additional Details
| Nearest MSA: |
Ann Arbor |
| County: |
Washtenaw |
| Submarket/Township: |
Washtenaw W of 23 |
| Taxing Authority: |
City of Chelsea |
| Tax ID/APN: |
06-06-12-183-031 |
| Zoning: |
C5 |
| Retail Clientele: |
General, Family, Business, Tourist, Convention, Other |
| Property Located Between: |
E Middle Street & Park Street |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
E Middle Street |
| Feet of Frontage: |
45 |
| Highway Access: |
I-94 |
| Airports: |
Ann Arbor Airport, Willow Run & Detroit Metro |
| Area Description: |
Downtown Chelsea, walk to local shops, restaurants and entertainment. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Property Condition: |
Good |
| Year Built: |
1870 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick |
| Parking Type: |
Surface, Other |
| Parking Description: |
On street & public parking w/ City of Chelsea lot in rear of property. |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Internet Access: |
Cable |
| Zoning Description: |
Chelsea’s Central Business District is characteristic of a small, historic downtown
with a mixture of uses situated in a compact, pedestrian-oriented community.
Uses in the Central Business District include retail, restaurants, personal service
establishments, office, and limited second-story residential. While a majority
of the Central Business District uses tend to be pedestrian-oriented, there are
a few sites with multiple curb cuts or front yard parking lots that create gaps in
the traditional pedestrian-oriented downtown framework.
Many of the structures in the Central Business District are historically significant.
Examples include the Welfare Building, the train depot, and the Clock Tower
Complex. These buildings possess historic architectural elements and character.
The redeveloped space within the Clock Tower Complex has enhanced the
Central Business District by providing new and viable commercial space in the
downtown, serving as a valuable example of adaptive reuse. |
| Lot Frontage: |
44 |
| Lot Depth: |
128 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Other |
| Easements Description: |
provided with title commitment |
| Land Ownership: |
owned |
| Legal Description: |
BEG AT NW COR LOT 3, TH E 145.86 FT TO W LN LOT 45, TH S 20 DEG E 46.86 FT, TH W 161.7 FT TO W LN LOT 4,TH N 44 FT TO POB, PART LOTS 3 4, 9, 10, 11 & 46 BLK 3 ORIGINAL PLAT SPLIT ON 01/08/2001 FROM FC-06-12-183-015 & FC-06-12-183-014; |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,944 |
4,944 |
16,752 |
| Median Age: |
44.62 |
44.62 |
44 |
| Households: |
2,224 |
2,224 |
6,448 |
|
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