Restaurant Building & Business for Sale in Ypsilanti

Retail-Commercial for Sale
Sale Pending
Also listed as Business Opportunity
Catylist Listing ID: 30819196
Property Subtypes: Restaurant
Status: Pending
Building Size (RSF): 1,557 SF
Gross Land Area: 0.52 Acres
Sale Price: $230,000
Unit Price: $147.72 PSF
In Opportunity Zone? Yes
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/8/2022

Overview / Comments

Established, full service restaurant on well travelled Michigan Avenue. This highly visible property with ample parking makes it ideal for a variety of uses!

FF&E is included in sale price. Equipment is in great shape and restaurant has a steady clientele. Selling property and business together.

Excellent mix of residential and retail in nearby vicinity.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Taxing Authority: Ypsilanti Township
Tax ID/APN: K -11-10-107-001
Zoning: RC (REGIONAL CORRIDOR)
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Ford Rd & Prospect Rd
Property Visibility: Excellent
Largest Nearby Street: Ford Rd
Highway Access: 3 miles to I-94, 8 miles to I-275
Airports: 20 minutes from DTW
Area Description: Excellent mix of residential and retail in nearby vicinity. Ypsilanti Township (Y-Town), located east of Ann Arbor, is the largest township in Washtenaw County and the seventh largest in the State of Michigan. Y-Town has over 53,000 residents and spans 32 square miles with close proximity to Detroit, Detroit Metropolitan and Willow Run Airports, Eastern Michigan University, and the University of Michigan. Y-Town has partnered with the Michigan Economic Development Corporation, Ann Arbor SPARK, Michigan Small Business Development Center and the Ann Arbor/Ypsilanti Regional Chamber of Commerce, to guide our community in economic development and community growth. We have the benefit of sharing the community vibe, recreation, culinary and arts scene of the City of Ypsilanti as well as Ann Arbor as a progressive, vibrant and growing area.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,557 SF
Property Condition: Good
Roof Type: Flat
Construction/Siding: Wood Siding
Total Parking Spaces: 15
Parking Ratio: 9.6 (per 1000 SF)
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: RC (Regional Corridor)
Water Service: Municipal
Legal Description: YP#107-6 A LOTS 6 & 7, EXC COM AT NW COR OF LOT 7, TH S 28.10 FT IN W LINE OF LOT 7 FOR PL OFBEG, TH CONT S 107.18 FT, TH NELY 15.0 FT IN S LINE OF LOT 7, TH N 7 DEG 37' 50" W 104.03 FT TO PL OF BEG, ALSO BEG AT NE COR LOT 10 TH SWLY 85 FT IN N LINE OF LOT 10 TH S 7-37-50 E 53.38 FT, TH ELY 61.65 FT IN S LINE OF LOT, TH NLY IN E LINE OF LOT TO POB BEING LOT 6 & PART OF LOTS 7 & 10 YPSI LITTLE FARMS SUBDIVISION. HANA JAPANESE STEAK HOUSE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,711 59,471 142,802
Median Age: 36.67 33.38 34.74
Households: 5,292 24,312 57,318

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