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Catylist ID: #30817588

DOWNTOWN YPSILANTI - Restaurant & Brewery for Lease

124 Pearl Street, Ypsilanti, MI 48197
Retail-Commercial for Lease
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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: 2/3/2023

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.

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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
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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

Contact

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Tony Caprarese

Swisher Commercial
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The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.

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