For Sale
$7,295,000

375 North StChelsea, MI 48118

High-return, 57,000 SF mixed-use property.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional mixed-use investment property, located at 375 E North St in Chelsea, Michigan (48118), presents a rare opportunity. The 57,263 square foot, single-story building sits on a one-acre lot and is zoned C-5. Currently operating at 100% occupancy, the property features a thriving fusion restaurant, a gymnastics facility, and additional tenants. The building, which underwent renovations in 2000, is classified as Class B and is a free-standing structure. The asking price is $7,295,000, translating to $127.39 per square foot. This net lease investment offers a strong return on investment with a diverse tenant mix. The property is conveniently located within the Clocktower Complex and boasts ample parking. Seller financing is available. The property's location in Washtenaw County, Michigan, offers excellent access to major transportation routes and a vibrant local community. The property's APN is 06-06-12-111-002. This is a turnkey investment opportunity with significant upside potential.

Highlights

  • $7,295,000 asking price for a 57,263 SF mixed-use property.
  • Net lease investment opportunity in a Class B building.
  • 100% occupancy with diverse tenants including a restaurant.
  • Located in Chelsea, MI at 375 E North St, on a 1-acre lot.
  • Features one single-story building, renovated in 2000, with C-5 zoning.
  • Broker co-op available.

Property Details for 375 North St

Property type
Retail properties, Restaurants
Square Feet
57,263 SF
Class
B
Year Renovated
2000
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Chelsea
County
Washtenaw
State
Michigan
Latitude
42.320788
Longitude
-84.01901
375 North St, Chelsea, Michigan

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375 North St
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