For Sale
$4,295,000

310 Main StChelsea, MI 48118

Historic Downtown Chelsea Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a portfolio of two historic mixed-use buildings totaling 42,515 square feet in the heart of Chelsea, Michigan. Located at 310 & 311 N Main St, this Class B property boasts a compelling blend of character and modern functionality. The portfolio includes the iconic Clocktower Building, completed in 1906, featuring a striking tower, three floors of mixed-use space, high ceilings, large windows, a formal entry, elevator, and panoramic views. The adjacent Main Street Building complements the Clocktower with its own historic charm, including a metal roof, soaring ceilings, and large storefront windows. Both buildings benefit from a C-5 zoning designation. Currently fully leased to a diverse tenant mix including a restaurant, church, medical offices, and other commercial tenants, this net-lease investment offers a strong, stable income stream. The property's prime location in the vibrant downtown Chelsea area ensures high visibility and accessibility. Built in 1906, the buildings offer a unique opportunity to own a piece of Chelsea's rich history while enjoying the benefits of a solid, multi-tenant investment. The asking price is $4,295,000, translating to $101.02 per square foot. Seller financing is available. The property includes two buildings, each three stories high, and features a charming courtyard complex. The APN is 06-06-12-111-001.

Highlights

  • $4,295,000 asking price for a net-leased office portfolio.
  • Mixed-use, Class B office building totaling 42,515 square feet.
  • Located at 310 & 311 N Main St, Chelsea, MI 48118.
  • Two buildings, three stories each, built in 1906, with C-5 zoning.
  • Multi-tenant occupancy with seller financing available.

Property Details for 310 Main St

Property type
Office properties, Office buildings
Square Feet
42,515 SF
Class
B
Year Built
1906
Buildings
2
Stories
3

Location Insight

City
Chelsea
County
Washtenaw
State
Michigan
Latitude
42.319570013772
Longitude
-84.020508329169
310 Main St, Chelsea, Michigan

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310 Main St
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