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1490 Washtenaw Ave
6,880 SF 100% Leased Retail Building Ypsilanti, MI 48197 £442,084 (£64/SF)
Investment Highlights
- RETAIL HARD CORNER ON DYNAMIC WASHTENAW AVENUE
- INCLUDES ADDITIONAL 0.236 ACRE PARKING LOT BEHIND ON WHITTIER STREET
- STURDY BRICK CONSTRUCTION
Executive Summary
6880 S/F TWO STORY BRICK BUILDING
3440 S/F - 1st FLOOR RETAIL SPACE
3440 S/F - 2nd FLOOR RESIDENTIAL APARTMENT & OFFICE SPACE
OWNER RETIRING
Property Facts
Amenities
- Bus Route
- Corner Lot
- Pylon Sign
- Signage
- Signalised Intersection
- Storage Space
About 1490 Washtenaw Ave , Ypsilanti, MI 48197
TWO STORY BRICK COMMERCIAL BUILDING ON WASHTENAW AVENUE BETWEEN ANN ARBOR AND YPSILANTI 3440 S/F OF RETAIL SPACE ON ENTRY LEVEL WITH OPERATIONAL LAUNDRY & DRY CLEANING BUSINESS INCLUDED 3444 S/F OF OFFICE AND RESIDENTIAL APARTMENTS ON SECOND LEVEL. ADDITIONAL FULL HEIGHT BASEMENT SPACE PREVIOUSLY USED AS TUXEDO RENTAL SELLERS ARE RETIRING GREAT VALUE-ADD INVESTMENT OPPORTUNITY CONTACT AGENT FOR MORE INFORMATION
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- College Cleaners
- Service type
- -
- -
- -
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
College Cleaners | Service type | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Property Is Located On The Hard-Corner of 1490 Washtenaw Avenue & Mansfield in Ypsilanti Michigan. • Originally 4 residential units on the 3440 s/f second level which owner converted to One, 3440 s/f residential & business office unit occupied by the owners, who also are operating the dry-cleaning business on the 3440 s/f entry level retail/commercial space. • The basement is currently unoccupied and was previously occupied by a Tuxedo rental business and has full height (10’) ceilings. • Building has 3 separate entrances and stairwells allowing for partitioning into several individual residential, or office units. Real Estate Taxes: • 1490 Washtenaw w/Building: 2019 S & W: $9,358.94 • Whittier Vacant Lot (No Address): 2019 S & W: $2396.51. • Total 2019 Real Estate Taxes for both parcels = $11,755.45. • The offering includes 2 separate parcels; One, .15-acre parcel with the retail/office/apartment building & One, .236- acre parcel behind the building which is currently being used as the parking-lot for the retail & commercial. (site metrics .386 acres or 16,814 s/f)
Property Is Located On The Hard-Corner of 1490 Washtenaw Avenue & Mansfield in Ypsilanti Michigan. • Originally 4 residential units on the 3440 s/f second level which owner converted to One, 3440 s/f residential & business office unit occupied by the owners, who also are operating the dry-cleaning business on the 3440 s/f entry level retail/commercial space. • The basement is currently unoccupied and was previously occupied by a Tuxedo rental business and has full height (10’) ceilings. • Building has 3 separate entrances and stairwells allowing for partitioning into several individual residential, or office units. Real Estate Taxes: • 1490 Washtenaw w/Building: 2019 S & W: $9,358.94 • Whittier Vacant Lot (No Address): 2019 S & W: $2396.51. • Total 2019 Real Estate Taxes for both parcels = $11,755.45. • The offering includes 2 separate parcels; One, .15-acre parcel with the retail/office/apartment building & One, .236- acre parcel behind the building which is currently being used as the parking-lot for the retail & commercial. (site metrics .386 acres or 16,814 s/f)
Space | Size | Space Use | Position | Available |
1st Floor | 3,440 SF | Retail | In-Line | 60 Days |
2nd Floor | 3,440 SF | Retail | In-Line | 60 Days |
1st Floor
Size |
3,440 SF |
Space Use |
Retail |
Position |
In-Line |
Available |
60 Days |
2nd Floor
Size |
3,440 SF |
Space Use |
Retail |
Position |
In-Line |
Available |
60 Days |
1st Floor
Size | 3,440 SF |
Space Use | Retail |
Position | In-Line |
Available | 60 Days |
Property Is Located On The Hard-Corner of 1490 Washtenaw Avenue & Mansfield in Ypsilanti Michigan. • Originally 4 residential units on the 3440 s/f second level which owner converted to One, 3440 s/f residential & business office unit occupied by the owners, who also are operating the dry-cleaning business on the 3440 s/f entry level retail/commercial space. • The basement is currently unoccupied and was previously occupied by a Tuxedo rental business and has full height (10’) ceilings. • Building has 3 separate entrances and stairwells allowing for partitioning into several individual residential, or office units. Real Estate Taxes: • 1490 Washtenaw w/Building: 2019 S & W: $9,358.94 • Whittier Vacant Lot (No Address): 2019 S & W: $2396.51. • Total 2019 Real Estate Taxes for both parcels = $11,755.45. • The offering includes 2 separate parcels; One, .15-acre parcel with the retail/office/apartment building & One, .236- acre parcel behind the building which is currently being used as the parking-lot for the retail & commercial. (site metrics .386 acres or 16,814 s/f)
2nd Floor
Size | 3,440 SF |
Space Use | Retail |
Position | In-Line |
Available | 60 Days |
Property Is Located On The Hard-Corner of 1490 Washtenaw Avenue & Mansfield in Ypsilanti Michigan. • Originally 4 residential units on the 3440 s/f second level which owner converted to One, 3440 s/f residential & business office unit occupied by the owners, who also are operating the dry-cleaning business on the 3440 s/f entry level retail/commercial space. • The basement is currently unoccupied and was previously occupied by a Tuxedo rental business and has full height (10’) ceilings. • Building has 3 separate entrances and stairwells allowing for partitioning into several individual residential, or office units. Real Estate Taxes: • 1490 Washtenaw w/Building: 2019 S & W: $9,358.94 • Whittier Vacant Lot (No Address): 2019 S & W: $2396.51. • Total 2019 Real Estate Taxes for both parcels = $11,755.45. • The offering includes 2 separate parcels; One, .15-acre parcel with the retail/office/apartment building & One, .236- acre parcel behind the building which is currently being used as the parking-lot for the retail & commercial. (site metrics .386 acres or 16,814 s/f)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 11-05-382-009 | Improvements Assessment | £0 |
Land Assessment | £0 | Total Assessment | £202,733 |
PROPERTY TAXES
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1490 Washtenaw Ave
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