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    OFF-MARKET
    Retail properties & Spaces

    375 North St, Chelsea, MI 48118

    57,263 SF 1 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 57,263 SF
    Lot 1 ac (43,560 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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