Catylist ID:
#30835883
1917 Federal Blvd
Retail-Commercial
for Sale
Also listed as Office, Special Purpose
| Catylist Listing ID: | 30835883 |
| Property Subtypes: | Day Care Facility, Free-Standing Building, Retail-Pad, Street Retail, Other |
| Building Size (RSF): | 6,000 SF |
| Gross Land Area: | 0.67 Acres |
| Sale Price: | $925,000 |
| Unit Price: | $154.17 PSF |
| Ceiling: | 16 ft. |
| Property Use Type: | Business |
| Building Name: | Master Tech Appliance Service |
| Usable Size (USF): | 6,000 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 3/24/2023 |
Overview / Comments
|
Property is located in the City of Ann Arbor's recently rezoned (TC1 - Transit Corridor) and is approximately one-block west of West Stadium Blvd., a high-traffic business & services corridor with surrounding densely populated residential area. The 0.672 acre parcel is improved with a 6,000 sq. ft. building that has for many years served as the home of Master Tech Appliance Service. The TC1 Transit Corridor is intended along existing transit corridors with regular fixed service provided by the Ann Arbor Area Transportation Authority primarily on established commercial and office sites. This district has been created to facilitate, encourage, and support redevelopment and infill development to realize mixed use developments and achieve mixed use corridors. This district has replaced the O, RE, ORL, C2B, C3, P, R5 and M1 districts. Permitted uses include new multi-family residential development (up to 6 stories) and commercial uses including Assisted Living, Student & Group Housing, Clubs, Museum & Art Gallery, Funeral, Government & Library, Religious Assembly, Adult/Child Daycare, Schools, Hospital & Nursing Care, Art & General Indoor Entertainment, Restaurant, Bar & Food Service, Laundry Cleaning, Veterinary, Kennel & Animal Boarding, Banks, Credit Services, General & Medical Office, Laboratory, Research & Development, Transit Depot, Broadcasting, Date Processing and Special Events. Special Exception uses include Medical Marijuana Provisioning Center & Retailer. There is parking in front of the building and additional parking in the rear - including a fenced area currently leased to the USPS for vehicle parking that generates additional monthly rental income for the Property owner. All public utilities are available at the Property. |
Attachments & Media
Additional Details
| Nearest MSA: | Ann Arbor |
| County: | Washtenaw |
| Submarket/Township: | Washtenaw W of 23 |
| Taxing Authority: | City of Ann Arbor |
| Tax ID/APN: | 09-09-31-208-032 |
| Zoning: | TC1 - TRANSIT CORRIDOR |
| Retail Clientele: | General, Family, Business, Recreation, Other |
| Property Located Between: | One-block west of West Stadium Blvd. |
| Property Visibility: | Excellent |
| Largest Nearby Street: | West Stadium Blvd. |
| Feet of Frontage: | 80 |
| Highway Access: | I-94, US-23, M-14 |
| Airports: | DTW, Ann Arbor |
| Site Description: | The site is flat with paved parking in front and rear, and additional fenced gravel lot for additional vehicle parking/storage |
| 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. Ann Arbor is a successful tech hub, attracting entrepreneurs, start-ups and tech giants such as Google. The talent pool and resources rival that of Silicon Valley but with a Midwestern culture and relatively lower cost of living than the Bay Area or New York City. Ann Arbor is the perfect climate for tech companies to find success, stability and growth. 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: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 6,000 SF |
| Property Condition: | Average |
| Year Built: | 1960 |
| Roof Type: | Flat |
| Construction/Siding: | Block |
| Total Parking Spaces: | 20 |
| Parking Type: | Surface |
| Parking Description: | Ample customer parking in front. Additional parking in rear. |
| Sprinklers: | None |
| Heat Type: | Natural Gas |
| Heat Source: | Central, Radiant |
| Air Conditioning: | Engineered System |
| Interior Description: | Approximately 1,500sf front office & service counter. Remainder of building is open floor shop/service space. |
| Zoning Description: | TC1 Transit Corridor. See attached TC1 Zoning description. |
| Lot Frontage: | 80' |
| Lot Depth: | 366' |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements: | Utilities |
| Legal Description: | Lot 30 Bedford Buttner Commercial Sub. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 15,224 | 96,687 | 152,549 |
| Median Age: | 38.12 | 32.68 | 35.01 |
| Households: | 7,057 | 38,831 | 61,643 |
| 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. |
