Catylist ID:
#30839339
Commercial / Investment / Retail Center for Sale in Saline
Retail-Commercial
for Sale
| Catylist Listing ID: | 30839339 |
| Property Subtypes: | Free-Standing Building, Mixed Use, Street Retail, Other |
| Building Size (RSF): | 11,168 SF |
| Gross Land Area: | 2.96 SF |
| Sale Price: | $2,800,000 |
| Unit Price: | $250.72 PSF |
| Property Use Type: | Investment, Vacant/Owner-User |
| Building Name: | Plaza West |
| Sale Terms: | Cash to Seller |
| Last Updated: | 6/2/2023 |
Overview / Comments
|
Investment - Owner/User opportunity! Free-standing commercial building in Saline is currently fully leased. High visibility on heavily trafficked US-12 (Michigan Avenue) at the Austin Road junction, just west of downtown Saline. Over 500 new homes under development on the west side of Saline. Situated on 2.96 acres. Ample at the door customer parking. Signage on Michigan Avenue monument sign. Seller is willing to lease back part of the space from buyer. |
Attachments & Media
Financials
| Finance Data Year | 2022 |
|---|---|
| Real Estate Taxes - Annual($) | $33,510 (Annual) |
Additional Details
| Nearest MSA: | Ann Arbor |
| County: | Washtenaw |
| Submarket/Township: | Washtenaw W of 23 |
| Taxing Authority: | City of Saline |
| Tax ID/APN: | 18-18-01-325-012 |
| Zoning: | C-3 (GENERAL BUSINESS DISTRICT) |
| Retail Clientele: | General |
| Property Located Between: | Austin Road and Riveroaks Blvd. |
| Property Visibility: | Excellent |
| Largest Nearby Street: | US-12 |
| Feet of Frontage: | 440 |
| Highway Access: | I-94, US-12, US-23 |
| Airports: | DTW, Ann Arbor |
| Site Description: | Located on 2.96 acres with 45 parking space and signage on US-12. |
| Area Description: | "Money Magazine" named Saline among the "Top 100 Best Places to Live, Work and Play" in the U.S. In 2013, "Bloomberg BusinessWeek" named Saline "The Best Place to Raise Kids" in the State of Michigan. Saline Public Schools rate among the top 100 in America. Saline is just a short drive from the world-class academic, cultural, and sports attractions of Ann Arbor and the University of Michigan. Downtown Detroit is only an hour away. Roughly 250,000 working-age people live within a 20-minute commute to the City, and more than 1.5 million live within a 45-minute commute. This includes excellent concentrations of both skilled and unskilled workers; and an unparalleled selection of experienced managers, as well as management trainees from several area universities, colleges, and vocational training schools. More than anything else, the character of Saline-area workers is an extension of the community's agricultural roots, whose heritage puts a premium on traditional values, hard work, self-reliance, independence, and an enduring pride in one's community, family and job. Saline offers the highest quality in community amenities including top-notch hospitals, schools, and recreation facilities. It is part of the Ann Arbor metropolitan area which is consistently rated as one of the top ten areas for quality of life each year. |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Property Condition: | Excellent |
| Year Built: | 2000 |
| Year Renovated: | 2009 |
| Roof Type: | Gable |
| Construction/Siding: | Brick |
| Total Parking Spaces: | 45 |
| Parking Type: | Surface |
| Parking Description: | At the door parking |
| Zoning Description: | C-3, general business district. This district is intended to accommodate office, business service, and retail uses that serve a larger market than C-1 district including the city and portions of the surrounding communities. It is the purpose of these regulations to permit development of the enumerated functions in a manner which is compatible with uses in the surrounding area. To these ends, certain uses are excluded which would function more effectively in other districts. A. Permitted uses. 1. All permitted uses allowed in the OS, C-1 and C-2 districts. 2. Shops of interior decorators, plumbers, electricians, exterminators and other similar services and trades. 3. Veterinary offices and hospitals, including accessory boarding, provided no outdoor exercise runs or pens are permitted. B. Special land uses. 1. Lodging facilities. 2. Automobile dealers with related repair service center subject to the requirements set forth in section 6.08. 3. Automobile repair subject to the requirements set forth in section 6.08. 4. Automobile filling and service stations and automobile washes subject to the requirements set forth in section 6.08. 5. Recreation and amusement services, including theaters, bowling alleys, roller and ice skating rinks, billiard halls and miniature golf. 6. Wholesale sales. 7. Public utility transformer stations and substations, telephone exchanges, and public utility offices. 8. Kennels and catteries, commercial. 9. Adult entertainment business subject to the requirements set forth in section 6.13. 10. Drive-in, drive through and fast food restaurants. 11. Medical marihuana provisioning center as defined in article IV, medical marihuana facilities, of chapter 22 of the Code of the City of Saline. 12. Medical marihuana safety compliance facility as defined in article IV, medical marihuana facilities, of chapter 22 of the Code of the City of Saline. 13. Adult use marihuana retailer as defined in article V, adult use marihuana establishments, of chapter 22 of the Code of the City of Saline. 14. Adult use marihuana safety compliance facility as defined in article V, adult use marihuana establishments, of chapter 22 of the Code of the City of Saline. |
| Lot Frontage: | 440 |
| Lot Depth: | 392 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | *OLD SID - 18 18-040-002-20 SC 1-1A-2A-3 COM AT W 1/4 OF SEC 1, T4S R5E, TH S 1 DEG 52' 52" E 548.01 FT ALG W LINE OF SEC FOR PL OF BEG, TH N 59 DEG 55' E 389.52 FT, TH S 30 DEG05' E 334.27 FT, TH S 72 DEG 02' 18" W 521.66 FT, TH N 1 DEG 52' 52" W 255.00 FT TO PL OF BEG, BEING PART OF SW 1/4, SEC 1 T4S R5E. 2.96 AC. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 3,150 | 15,554 | 34,076 |
| Median Age: | 43.11 | 42.65 | 40.66 |
| Households: | 1,399 | 6,093 | 12,707 |
| 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. |
