Swisher Commercial Real Estate

Commercial Real Estate Listings - Swisher Commercial

Call Us Today: 1-734-663-0501

  • Home
  • Agents
  • Properties
  • Services
  • Vacancy Report
  • News & Articles
  • Property Websites
  • Contact
  • Blog
Listings Businesses for Sale
Catylist ID: #30334185

Commercial Multi-Family Redevelopment Opportunity in Ann Arbor

2111 Packard St, Ann Arbor, MI 48104
Retail-Commercial for Sale
Also listed as Multi-Family
Property Image Expand, 6 Photos
Slideshow Image

2111 Packard projected elevation - Copy

Retail / Commercial and Multi-Family Concept Plan

Slideshow Image

2111 Packard aerial 2

Existing Commercial Building and Parking Lot

Slideshow Image

2111 Packard renderings and by rights letter from Carl 942018 (002)_Page_1

New Building and Parking Lot Concept Plan

Slideshow Image

2111 Packard Zoning Aerial

2111 Packard Zoning Aerial

Slideshow Image

2111 Packard renderings and by rights letter from Carl 942018 (002)_Page_2

Commercial Floor Concept Plans

Slideshow Image

2111 Packard renderings and by rights letter from Carl 942018 (002)_Page_3 - Copy

Residential / Multi-Family Floor(s) Concept Plans

Catylist Listing ID: 30334185
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Status: Proposed
Building Size (RSF): 15,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.71 Acres
Sale Price: $3,100,000
Unit Price: $206.67 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/21/2019

Overview / Comments

Existing 15,000 SF commercial building on 1.706 acres. Ideal location on Packard, centered between downtown Ann Arbor, Briarwood Mall & business area and Arborland retail area.

"By Rights" redevelopment opportunity in the City of Ann Arbor with the potential to add 34 residential units to the existing commercial square footage. New retail / commercial and multi-family building planned to be 48,840 SF.

Redevelopment Scenario: First floor retail commercial suites, second and third floors of multi-family (34 units total), parking and water retention.

For more development plans, financial information and applicable property comps, call Bart Wise (734-662-3778) to receive full marketing packet.

Attachments & Media

  • Swisher Commercial
  • Bart Wise
  • Search Swisher Properties
Contact Listing Agent
  • Print/Download a Brochure
  • Email this Listing
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: City of Ann Arbor
Tax ID/APN: 09-12-04-119-003
Zoning: C3 (COMMERCIAL) / P (PARKING)
Retail Clientele: General, Family, Business
Property Located Between: E. Stadium and W. Eisenhower
Largest Nearby Street: Packard
Feet of Frontage: 280
Highway Access: Easy access to I-94 via State Street and US-23 via Washtenaw Avenue.
Airports: Ann Arbor, DTW
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. 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: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 15,000 SF
Year Built: 1950
Construction/Siding: Concrete
Total Parking Spaces: 96
Parking Type: Surface
Parking Description: Current parking lot includes ~50 parking spaces. Redevelopment plan includes 96 parking spaces.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: C3 (Commercial) / P (Parking) "By Rights" redevelopment opportunity in the City of Ann Arbor. See broker for more zoning information.
Lot Frontage: 280
Lot Depth: 183
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOTS 5, 6, 7, 8, 24, W 40 FT OF LOT 25 E 42.5 FT OF S 132 FT OF LOT 25 AND W 17.5 FT OF S 132 FT OF LOT 26, EASTOVER HILLS ALSO LOT 80, EASTOVER HILLS NO. 1
Back to Overview

View FullscreenMap

Driving Directions / Aerial Imagery: Bird's Eye View | Google Maps | Google Street View

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,108 116,305 181,971
Median Age: 34.42 33.13 34.69
Households: 7,205 47,817 75,058

Contact

Company Logo
Photograph of Listing Agent

Bart Wise

Swisher Commercial
Contact me about this Listing
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.

Add to Catalog

To which catalog should we save this 1 item?


  New Catalog Name

Example: Industrial Listings for Jim Smith
  New Catalog Description
  Listings will be added to the new catalog and any selected existing catalogs

Catalogs are for Sharing & Organizing

Use catalogs to collect relevant listings or transactions for later analysis, or to share with a client or colleague. Catalogs make it easy to keep track of favorite properties – you'll receive automatic notifications whenever changes are made to the listings in your catalog (price reductions, status changes, etc.)

Listings provided via CPIX using Catylist SiteLink. © Copyright 2001-2018 Catylist. All rights reserved.
By searching this site, you agree to Catylist's Terms of Use