Catylist ID:
#30456474
Downtown Chelsea Development Opportunity for Sale
Multi-Family
for Sale
Sale Pending
Also listed as Office, Industrial
| Catylist Listing ID: | 30456474 |
| Property Subtypes: | Mid-Rise |
| Status: | Pending |
| Number of Units: | 38 Units |
| Building Size (RSF): | 43,752 SF |
| Gross Land Area: | 0.32 Acres |
| Sale Price: | $800,000 |
| Unit Price: | $21,052.63 Per Unit |
| Ceiling: | 20 ft. |
| Property Use Type: | Investment, Vacant/Owner-User |
| Building Name: | Rockwell Building |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 6/2/2023 |
Overview / Comments
|
Downtown Chelsea redevelopment property. Located within the Chelsea Clocktower Condominium Complex. Ideal for reuse as industrial/office space or possible conversion to apartments. High visibility. Zoned Commercial. Engineering studies, reports, and architectural work (Quinn Evans) for an apartment complex are available with purchase. Potential for 38 one and two bedroom apartment units based on existing plans. |
Attachments & Media
Additional Details
| Nearest MSA: | Ann Arbor |
| County: | Washtenaw |
| Submarket/Township: | Washtenaw W of 23 |
| Taxing Authority: | City of Chelsea |
| Tax ID/APN: | 06-06-12-111-007 |
| Zoning: | C6 - CENTRAL BUSINESS DISTRICT MIXED USE |
| Property Located Between: | On the corner of N East and Railroad Street |
| Highway Access: | I-94, M-52 |
| Airports: | DTW, Ann Arbor, Jackson |
| Area Description: | Chelsea, Michigan is a thriving small city in southeastern Michigan with an abundance of shopping, dining, entertainment, and local activities. Over the years, Chelsea has evolved into a diverse community, embracing its agricultural heritage, maintaining an active manufacturing base, and cultivating a vibrant art scene. The unique and lovely architecture that defines Chelsea is a treasure to be experienced. Streets, buildings, parks and businesses serve as reminders of Chelsea’s long history. Recently honored as a National Register of Historic Places designation, the downtown area abounds with history wherever you turn. Whether you are looking to stroll quaint Victorian neighborhoods, view historical Main Street architecture at its best, or delve deeper into the history of small town America, Chelsea has all that and more to offer. Chelsea’s thriving shopping district offers both residents and visitors alike the pleasant ambiance of tree-lined streets and cheerful storefronts. Visitors can stroll down historic Main Street, the home of specialty shops, gift boutiques, markets, restaurants, cafes, and visitor tours at Chelsea Milling, home of Jiffy Mix. The beautiful 25,000-acre Waterloo Recreation Area is literally at Chelsea’s doorstep. You can experience the beauty of Michigan’s unique wilderness, wildlife and geological wonders in this protected area. There nature enthusiasts can hike, ski, or bike miles of trails, spend a sunny afternoon fishing on one of many lakes, or experience the spectacle of the migrating sandhill cranes. Golfers can choose from more than 20 lush golf courses, all within a 20-minute drive. Families can enjoy a picnic and playgrounds and Timbertown, Pierce Park or Veteran’s Park. A commitment to the arts is an essential part of Chelsea’s vitality. Actor Jeff Daniels, an inaugural inductee in the Michigan Walk of Fame, is a founder of The Purple Rose Theater which showcases the work of nationally known playwrights, as well as the talents of equity-card actors. Chelsea Center for the Arts welcomes students of all ages to discover and nourish a love of art and music and features a yearly community art project. Chelsea counts outstanding educational and health care among its many valuable resources. The Chelsea School District’s excellent staff and high level of parental involvement prepare students of all ages for a bright future. The Chelsea Community Hospital, nestled in a beautiful, wooded setting, provides quality healthcare, including a Health and Wellness Center, a Head Pain Program, a Woman’s Health Center and ER services. For more than 100 years, Chelsea has been an ideal place for seniors to enjoy their lives. A diverse range of opportunities exist for seniors to experience art and music, volunteer, and join social groups all within a friendly small town atmosphere. Chelsea proudly offers several residential communities for seniors including the Chelsea Retirement Community and Silver Maples of Chelsea, which both offer beautiful campuses and a range of living options. With many organizations dedicated to providing senior services including the Chelsea Senior Center and the Chelsea Community Hospital, seniors can stay active and feel comfortable knowing that the full spectrum of resources are available within their community. |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Roof Type: | Flat |
| Construction/Siding: | Block, Brick |
| Parking Type: | Surface |
| Freight Elevators: | 1 |
| Sprinklers: | None |
| Zoning Description: | Central Business District (Downtown) Goals. As Chelsea’s downtown is the focal point of the community, its historic qualities are a major factor in making the downtown a unique place. This plan promotes the following downtown values: _ Ensure the economic viability of the downtown through a diversified mixture of complementary commercial, office, residential and civic uses. _ Preserve the historic, small-town character of the downtown. _ Maintain and strengthen the “sense of place” which currently exists in the downtown area. _ Ensure that renovations of historic buildings in the downtown retain the existing historical and architectural integrity. _ Ensure new infill development is compatible with the downtown’s historic architecture, scale, proportion and character. _ Strengthen the spatial and architectural character of the existing downtown area and any underdeveloped or undeveloped land within the CBD through the provision of traditional storefronts, gathering areas, streetscape elements and building forms consistent with the current downtown. _ Strongly encourage the presence of a United States Post Office branch in the CBD as an important community amenity, but if the post office does move, to encourage some type of convenience postal center downtown. _ Ensure proper land use transitions and design treatment between the downtown district and the surrounding residential neighborhoods. _ Once the areas already designated as central business district on the Future Land Use Map are mostly developed, the logical future expansion of the central business district is directly adjacent to existing CBD developments, growing incrementally north along M-52 to a northern limit of Letts Creek, and west along North Street. |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | M.D. L4339 P352 11/21/2003 UNIT 7 CHELSEA CLOCK TOWER SPLIT ON 11/24/2003 FROM FC-06-12-108-007FC-06-12-108-008FC-06-12-108-009FC-06-12-108-011FC-06-12-108-012FC-06-12-108-013FC-06-12-108-014FC-06-12-108-015FC-06-12-108-016FC-06-12-108-031; |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 4,944 | 4,944 | 16,752 |
| Median Age: | 44.62 | 44.62 | 44 |
| Households: | 2,224 | 2,224 | 6,448 |
| 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. |
