Catylist ID:
#30839795
Commercial Building For Sale in Ypsilanti
Office
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: | 30839795 |
| Property Subtypes: | Medical, Office Building |
| Building Size (RSF): | 4,890 SF |
| Gross Land Area: | 2.01 Acres |
| Sale Price: | $300,000 |
| Unit Price: | $61.35 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment, Vacant/Owner-User |
| Class of Space: | Class C |
| Usable Size (USF): | 4,890 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 6/2/2023 |
Overview / Comments
|
Free standing commercial building located on S. Prospect - second building near SW corner of Michigan Ave./U.S. 12 in the City of Ypsilanti. This is a 2-story building with 2,475 sf on the main floor, and 2,415 sf in the walk-out lower level which is completely exposed to the rear of the building with plenty of parking. Interior building renovations were started, then stopped. All new windows. Perfect opportunity for new owner to build out the interior space for single user occupancy; or, for multi-user investment purposes. GC (General Corridor) zoning allows for office, retail, service and permits cannabis medical or adult-use grow, processing, safety compliance (testing), and transporter. Additional land area can easily accommodate building expansion. |
Attachments & Media
Additional Details
| Nearest MSA: | Ann Arbor |
| County: | Washtenaw |
| Submarket/Township: | Washtenaw E of 23 |
| Taxing Authority: | City of Ypsilanti |
| Tax ID/APN: | 11-11-09-405-040 |
| Zoning: | GC (GENERAL CORRIDOR), OFFICE, RETAIL, SERVICE |
| Property Located Between: | Michigan Avenue and Towner |
| Property Visibility: | Good |
| Highway Access: | U.S. 12/Michigan Ave, I-94 |
| Airports: | DTW, Ann Arbor |
| Area Description: | Ypsilanti is a progressive city with a great community vibe and arts scene. Ypsilanti has the second largest contiguous historic district in the state of Michigan which includes both downtown Ypsilanti, along Michigan Avenue, and the Depot Town area adjacent to Frog Island Park and Riverside Park, which features many specialty shops, bars and grills, and a farmers' market. The history of Ypsilanti is still present and vibrant in today’s shops, dining and entertainment scene. With the “Downtown” and “Depot Town” districts only minutes apart they utilize their beautifully preserved historic areas to add interest to the variety of cultures present in the art, music and shopping. Ypsilanti is home to Eastern Michigan University and expands beyond the downtown districts to include 23,000+ acres of public park and recreation areas that help make up the Washtenaw County area. You’re just minutes from town and can find golfing, mountain biking, canoeing, hiking or natural scenery to relax in. Alternatively, you can travel to neighboring Ann Arbor (6 miles west of Ypsilanti) or Detroit (18 miles east of Ypsilanti) for sporting events, concerts and cultural excursions. |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Year Built: | 1950 |
| Year Renovated: | 2017 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Parking Type: | Surface |
| Parking Description: | Ample at the door parking. Additional parking in rear. |
| Zoning Description: | GC - General Corridor - office, retail, etc. All commercial, service, and office uses or any combination of such uses must be permitted. Limited light industrial uses must be permitted if in combination with such commercial or office uses. General corridors are located along roads with heavy traffic and have commercial establishments, restaurants, offices, and other businesses that are geared toward automobile traffic. Multiple-family residential building types and uses are appropriate in this district. |
| Lot Frontage: | 110 |
| Lot Depth: | 265 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | CORRECT LEGAL YPC 16E-94B LOTS 94 & 95 OF HUNTER'S ADDITION, EXC THE N 165 FT, ALSO EXC THE W 181.50 FT, ALSO EXCTHAT PT S & E OF A LN DESC AS; COM AT W 1/4 COR SEC 10, TH N 06-09-00 W 335.01 FT, TH S 88-09-50 W 33.09 FT TO A POB, TH S 88-09-50 W 266.73 FT, TH S 01-31-50 E 466.73 FT TO A POE. BEING PT OF LOTS 94 & 95 OF THE HUNTER'S ADDITION. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 15,505 | 70,903 | 137,660 |
| Median Age: | 34.14 | 33.13 | 34.66 |
| Households: | 7,104 | 29,117 | 56,242 |
| The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Moody's assume any liability for errors or omissions. |
