Whitmore Lake Commercial

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30006497
Property Subtypes: Office Building
Building Size (RSF): 3,943 SF
Gross Land Area: 9,583 SF
Sale Price: $195,000
Unit Price: $49.45 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 3,079 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2017

Overview / Comments

Downtown Whitmore Lake site was previously office use, but suited for office, retail or residential use. Consists of two freestanding buildings (3,079 sq. ft. & 865 sq. ft.) and an equipment storage building. Listing also includes vacant lot (B-02-05-328-029) next door and to the south (0.401 acres).

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Tax ID/APN: B-02-05-328-028
Zoning: OFFICE, MULTIFAMILY
Property Located Between: East Shore Dr. & Pine Dr.
Property Visibility: Excellent
Site Description: .22 acre parcel located on the west side of Main St. in central Whitmore Lake. Fence line runs 150 ft. along Main St. with curb cut to property. 3-story main building (3,079 sq. ft.) situated along street. 2-story rear building (864 sq. ft.) sits at the back of the property, and has also been used for office purposes. Vacant lot to the south is an additional 0.401 acre parcel.
Area Description: Located 9 miles north of Ann Arbor off US-23 expressway, the community of Whitmore Lake (pop. 6,423) wraps around the shores of its namesake Whitmore Lake. Served by the Whitmore Lake Public School system..
Total Number of Buildings: 2
Number of Stories: 3
Typical SF / Floor: 1,025 SF
Year Built: 1950
Year Renovated: 1979
Exterior Description: 3-story, frame building with improved basement which has been in office use, and a 2-story building on slab at rear of property, also last used for office/commercial purposes.
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Interior Description: Main building is 3-story and configured for workspaces and general office use. Includes employee lunchroom. Also has an improved basement.
Lot Frontage: 150
Lot Depth: 181
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee simple.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,562 19,008 36,386
Median Age: 36.39 42.01 41.78
Households: 1,432 7,571 13,662

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