Excellent Downtown Restaurant-Retail space

Retail-Commercial for Lease
Catylist Listing ID: 30475377
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub
Contiguous Space: 1,770 SF
Building Size (RSF): 1,770 SF
Gross Building Area: 4,594 SF
Gross Land Area: 5,227 SF
Lease Rate: $18.24 PSF (Annual)
Base Monthly Rent: $2,690
Lease Types: Modified Gross
Ceiling: 12 ft.
Usable Size (USF): 1,770 SF
Last Updated: 10/18/2021

Overview / Comments

Mostly open retail space with public parking lot adjacent to property. Excellent electric power and two HVAC systems. The lease terms are as follows: The lease will be a modified gross lease with the base rent including property taxes, property insurance, common area maintenance of the building, and replacement of mechanical systems. The tenant responsibility in addition to the base rent is cost of all utility usage, interior maintenance and repair including periodic HVAC maintenance and repairs, plus maintenance of the exterior in front of the building to keep clear of debris and snow. The base rent is $ 2,690.00 per month plus utilities and above items. Minimum lease term will be two to five years. Lease will provide for annual increases in base rent.

Expand All Available Space

Suite: 100 1,770 SF $18.24 PSF (Annual) Modified Gross
Level/Floor: street level
Space Available: 1,770 SF
Lease Rate: $18.24 PSF (Annual)
$2,690 (Monthly)
Lease Type: Modified Gross
Space Description: This storefront retail space is approximately 1,770 square feet and has occupied by a restaurant business in the past. The space can be used for the same or any other type of retail or food business. Great electric power, two separate HVAC systems and basement access for design ease. Downtown location with some sidewalk seating use. City public parking lot adjacent to this property.
Date Available: 11/1/2021
Space Type: New
Rent Escalators Other
Rent Escalators Description Rent is 2,690 per month plus utilities. Following years will have expense stops and periodic rent increases.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: Saline City
Tax ID/APN: 18-18-01-153-030
Zoning: D-1
Retail Clientele: General, Family, Business, Traveler, Recreation
Property Located Between: Michigan Ave & S Ann Arbor St
Property Visibility: Excellent
Largest Nearby Street: Michigan Ave
Feet of Frontage: 47
Traffic/Vehicle Count: 18,877
Highway Access: Located near Michigan Ave and Ann Arbor-Saline Rd, which both roads are straight shot to US-23 and I-94 freeways - Approximately 10 min drive to both freeways
Airports: Ann Arbor Municipal Airport, Willow Run Airport, Detroit Metropolitan Wayne County Airport
Site Description: The building is two story with the retail first floor described above and two residential apartments with separate exterior entrances. Excellent parking in the street and the adjacent city lot. This suite has two Gas Forced Air Heat and Central Air systems with independent temperature monitoring.
Area Description: This storefront retail space is located one building off the main four corners in a central downtown of the City of Saline. This downtown area is very solid for business and well supported by the community. The neighboring properties are primarily retail and office with great parking on the street and immediately adjacent to this property with a city owned lot.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,297 SF
Property Condition: Excellent
Year Built: 1900
Construction/Siding: Brick
Parking Description: Street parking and city lot adjacent to building.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Mostly open area for flexible design high ceilings.
Zoning Description: D-1 Downtown Core
Lot Frontage: 22
Lot Depth: 200
Water Service: Municipal
Sewer Type: Municipal
Legal Description: *OLD SID - 18 18-065-070-00 SC 7-64 LOT 63 ASSESSOR'S PLAT NO. 6.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,561 15,942 42,892
Median Age: 41.81 41.81 39.71
Households: 2,497 6,026 16,501

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