375 North St, Chelsea, MI 48118
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.