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A 5960 S State Rd

25,200 SF Vacant Retail Building Ann Arbor, MI 48108 £1,310,604 (£52/SF)

Investment Highlights

  • With Avis Farms being home to employers such as Federal Mogul, Tetra Tech, Thomson Reuters and many more
  • Ann Arbor Municipal Airport and several car dealerships such as Subaru, Honda & Mercedes Benz are operating just north of this site.
  • The site is easily accessible to I 94, US 23, Michigan Ave. & M-14
  • E. Textile Road was recently improved and now provides a direct route from Michigan Avenue (M 12) to S. State Street.
  • In addition to Briarwood Mall, Costco and Wal Mart are operating within the immediate trade area.
  • Saline High School (approximately 1,800 students) is located just south of this project.

Executive Summary

Inglewood Park is the retail/office development phase of PUD development consisting of five freestanding buildings with a total of 31,500 SF of space. The first phase of the residential portion of the development included 106 single-family homes along with 86 condominium units. Phase II (Inglewood family homes along with 86 condominium units. Phase II (Inglewood West) is slated for 220 units. Each building has an asking price of $1,675,000 or $3,350,000 for both assets.

Property Facts

Sale Type
Investment
Sale Condition
Tenants option to buy property
Property Type
Retail
Property Subtype
Freestanding
Building Size
25,200 SF
Building Class
B
Year Built
2021
Price
£1,310,604
Price Per SF
£52
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
1
Building FAR
0.10
Lot Size
5.94 AC
Zoning
PUD - Planned Unit Development
Frontage
171 ft on State Rd

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,200-12,600 SF
  • Retail
  • Outparcel
  • Now

• The first 2 buildings in the Inglewood Park commercial development are now available for lease. • The project is located on the northwest corner of State Street & Textile Road, in front of the Master Planned Inglewood Park PUD and will ultimately include 5 commercial buildings totaling in 31,500 SF with 191 parking spaces. • Phase I of Inglewood Park is complete and consists of 106 single-family homes and 86 attached condominium units. Phase II (Inglewood West) is slated for 106 townhomes and 76 duplex homes and a 100,000 SF Business District building (i.e. life-science user). Construction is scheduled to begin in 2022. • East Textile Road has been paved, allowing busy commuters to utilize Textile Road as a direct route to south State Street from the US-23 & Michigan Avenue interchange. • Inglewood Park is 2.5 miles south of I-94, 2.5 miles west of US-23 and 5 miles south of the University of Michigan campus. The project is surrounded by multiple new commercial and residential developments and a growing daytime population.

Space Size Space Use Position Available
1st Floor 1,200-12,600 SF Retail Outparcel Now

1st Floor

Size
1,200-12,600 SF
Space Use
Retail
Position
Outparcel
Available
Now

1st Floor

Size 1,200-12,600 SF
Space Use Retail
Position Outparcel
Available Now

• The first 2 buildings in the Inglewood Park commercial development are now available for lease. • The project is located on the northwest corner of State Street & Textile Road, in front of the Master Planned Inglewood Park PUD and will ultimately include 5 commercial buildings totaling in 31,500 SF with 191 parking spaces. • Phase I of Inglewood Park is complete and consists of 106 single-family homes and 86 attached condominium units. Phase II (Inglewood West) is slated for 106 townhomes and 76 duplex homes and a 100,000 SF Business District building (i.e. life-science user). Construction is scheduled to begin in 2022. • East Textile Road has been paved, allowing busy commuters to utilize Textile Road as a direct route to south State Street from the US-23 & Michigan Avenue interchange. • Inglewood Park is 2.5 miles south of I-94, 2.5 miles west of US-23 and 5 miles south of the University of Michigan campus. The project is surrounded by multiple new commercial and residential developments and a growing daytime population.

  • Listing ID: 28031076

  • Date on Market: 17/10/2022

  • Last Updated:

  • Address: 5960 S State Rd, Ann Arbor, MI 48108

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