Catylist ID:
#30817588
DOWNTOWN YPSILANTI - Restaurant & Brewery for Lease
Retail-Commercial
for Lease
| Catylist Listing ID: | 30817588 |
| Property Subtypes: | Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub |
| Contiguous Space: | 5,670 SF |
| Building Size (RSF): | 5,670 SF |
| Gross Building Area: | 32,040 SF |
| Lease Rate: |
$12 PSF (Annual) |
| Base Monthly Rent: | $5,670 |
| Lease Types: | Modified Gross |
| Ceiling: | 12 ft. |
| In Opportunity Zone? | Yes |
| Building Name: | CENTENNIAL PLAZA |
| Last Updated: | 6/2/2023 |
Overview / Comments
|
RESTAURANT & BREWERY. PRESENTLY THE "YPSI ALE HOUSE". KITCHEN, BAR AND DINING ROOM. ABSOLUTE GROSS RENT PLUS UTILITIES. FREE PARKING IN PRIVATE LOT. HIGH SPEED INTERNET. EASY WALKING DISTANCE TO BANKS, EMU, ETC. EXISTING FF&E MAY BE AVAILABLE FOR SALE. Showings by appointment. |
Attachments & Media
Expand All Available Space
| Suite: 100 | 5,670 SF | $12 PSF (Annual) Modified Gross |
| Level/Floor: | Street level | |
| Space Available: | 5,670 SF | |
| Lease Rate: |
$12 PSF (Annual) $5,670 (Monthly) |
|
| Lease Type: | Modified Gross | |
| Space Description: | Restaurant seating and bar area including full service kitchen. Existing brewery equipment may be available for sale separately. | |
| Space Subcategory: | Office Building | |
| Date Available: | 1/1/2023 | |
| Lease Term: | 60 Months | |
| Space Type: | Relet | |
| Kitchen | Yes | |
| Parking Spaces | 54 | |
Additional Details
| Nearest MSA: | Ann Arbor |
| County: | Washtenaw |
| Submarket/Township: | Washtenaw E of 23 |
| Taxing Authority: | City of Ypsilanti |
| Tax ID/APN: | 11-11-40-486-030 |
| Zoning: | C3 |
| Retail Clientele: | General, Family, Business, Recreation |
| Property Located Between: | CORNER OF PEARL AND WASHINGTON |
| Road Type: | Paved |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Michigan Ave./US-12 |
| Transportation: | Bus, Highway, Airport, Taxi |
| Site Description: | Premises is located street level inside the Centennial Plaza Office building with direct access off Pearl Street. |
| 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: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Number of Stories: | 6 |
| Property Condition: | Average |
| Year Built: | 1922 |
| Construction/Siding: | Brick |
| Exterior Description: | Historic architecture. |
| Total Parking Spaces: | 54 |
| Parking Type: | Surface, Other |
| Parking Description: | FREE PARKING AS WELL AS MUNICIPAL PARKING |
| Heat Type: | Natural Gas |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Internet Access: | Cable |
| Interior Description: | Remodeled in 2013 by current tenant |
| Zoning Description: | The C general business districts are designed to provide sites for more diversified business types which would often be incompatible with the pedestrian movement in the local business district or the community business district. • Sec. 1101. - Principal uses permitted: • In a general business district, no building or land shall be used and no building shall be erected except for one or more of the following specified uses unless otherwise provided in this ordinance: 1.Any retail business or service establishment permitted in B-1 and B-2 districts as principal uses permitted, subject to the regulations applicable in the following sections of this ordinance. 2.Any retail business or service establishment permitted and as regulated in B-1 and B-2 districts as uses permitted subject to special conditions. 3.Bus passenger stations. 4.New and used car salesroom, showroom or office. 5.Other uses similar to the above uses. 6.Other structures customarily incident to the above permitted uses. 7.Secondhand apparel businesses whose principal activity is devoted to the sale of secondhand apparel. Pawnbrokers, secondhand dealers, and junk dealers are not uses permitted under this section. (Ord. No. 97-169, 6-17-97) |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 17,549 | 73,892 | 147,231 |
| Median Age: | 28.36 | 33.04 | 34.88 |
| Households: | 6,910 | 30,750 | 59,505 |
| 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. |
