375 North St Chelsea, MI 48118
- Retail properties
- 57,263 SF
- 1.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 375 North St
- Lot size
- 1.00 lot acres
- Property size
- 57,263 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chelsea
- County
- Washtenaw
- State
- Michigan
- Longitude
- -84.019
- Latitude
- 42.3208
