Catylist ID:
#30839054
Free-Standing Retail | Office for Sale in Downtown Ypsilanti
Retail-Commercial
for Sale
Also listed as Office
| Catylist Listing ID: | 30839054 |
| Property Subtypes: | Free-Standing Building, Street Retail |
| Building Size (RSF): | 2,080 SF |
| Gross Land Area: | 0.15 Acres |
| Sale Price: | $249,900 |
| Unit Price: | $120.14 PSF |
| Ceiling: | 12 ft. |
| In Opportunity Zone? | Yes |
| Property Use Type: | Vacant/Owner-User, Business |
| Building Name: | Trojan Cleaners |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 6/2/2023 |
Overview / Comments
|
Excellent retail or redevelopment opportunity in downtown Ypsilanti located across from the new co-working STEM center (formerly E.M.U. College of Business). The property comes with dedicated parking spaces with public parking directly adjacent to the building. There is also an existing drive thru window that is not currently being used. Just a block away from Michigan Ave and minutes away from E.M.U.'s main campus, this corner lot is also walking distance to the heart of downtown Ypsilanti. |
Attachments & Media
Additional Details
| Nearest MSA: | Ann Arbor |
| County: | Washtenaw |
| Submarket/Township: | Washtenaw E of 23 |
| Taxing Authority: | City of Ypsilanti |
| Tax ID/APN: | 11-11-40-484-004 |
| Zoning: | C - CENTER |
| Retail Clientele: | General |
| Property Located Between: | Michigan Ave and Pearl St |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Michigan Ave |
| Feet of Frontage: | 66 |
| Highway Access: | One mile to/from I-94. US-12 |
| Airports: | DTW, Willow Run, Ann Arbor |
| Site Description: | Located on corner of Pearl and Adams. Mixed use area with ample retail, residential and municipal neighbors. |
| Area Description: | Ypsilanti is a progressive city with a great community vibe, culinary 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. Ypsilanti's Depot Town neighborhood is receiving national attention after East Cross Street was named to the American Planning Association's (APA) list of 15 "Great Places in America" for 2018. 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. |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 2,080 SF |
| Property Condition: | Average |
| Year Built: | 1948 |
| Year Renovated: | 2018 |
| Roof Type: | Flat |
| Construction/Siding: | Wood Siding |
| Parking Type: | Surface |
| Parking Description: | Private lot as well as municipal parking adjacent to building. |
| Sprinklers: | None |
| Heat Type: | Natural Gas |
| Heat Source: | Ceiling Units |
| Zoning Description: | C – Center Sec. 122-445. Purpose. These are mixed-use areas with historic buildings. These are the places where people shop, go to school, live, come to work, visit, drop by City Hall, eat, gather and have fun. They host events that bring thousands of visitors each year and bring the City together as a community. The intent of the zoning district is preserve the urban form, walkable nature and vibrant mix of uses in these areas. Permissible Uses - Business and professional offices and services; financial services, including banks; personal service establishments; body art facilities; indoor recreation, performance venues/theaters; municipal, county, regional & state service uses; child care centers; laundromats; medical or dental clinics; medical marijuana dispensary; retail stores; resale stores; arts & crafts studios; food stores, excluding sale of alcohol; carry-out and/or delivery restaurant; café or coffee shop; apartments located above ground floor of permitted nonresidential uses. |
| Lot Frontage: | 66 |
| Lot Depth: | 96 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | OLD SID 11 11-030-088-20 YPC 2W-130 W 96.13 FT OF LOT 88 ORIGINAL PLAT |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 16,310 | 75,602 | 143,712 |
| Median Age: | 28.89 | 32.91 | 34.91 |
| Households: | 6,477 | 31,700 | 58,582 |
| 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. |
