for sale€¦ · 301 n east, chelsea, mi 48118 summary sale price: $500,000 lot size: 0.32 acres...

Downtown Chelsea Redevelopment Opportunity for Sale

301 N EAST, CHELSEA, MI 48118

SUMMARYSale Price: $500,000

Lot Size: 0.32 Acres

Building Size: 43,752 SF

Zoning: Commercial

PROPERTY HIGHLIGHTS• Downtown Chelsea

• Located within the Chelsea Clocktower Condominium Complex

• Redevelopment Opportunity

• Ideal for industrial, office or apartment conversion

• High visibility

• 13,761 sf footprint

BuildingBuildingrrelaelationships.tionships.

734.663.0501208 East Washington Street Ann Arbor, MI 48104

Michael Jurgenson, CCIM [email protected] Evans [email protected]

SWISHERCOMMERCIAL.COM

FOR SALE





PROPERTY OVERVIEW

Downtown Chelsea redevelopment property. Located withinthe Chelsea Clocktower Condominium Complex. Ideal forreuse as industrial/office space or possible conversion toapartments.

LOCATION OVERVIEW

Located within the Chelsea Clocktower CondominiumComplex

AREA OVERVIEW

Chelsea, Michigan is a thriving small city in southeasternMichigan with an abundance of shopping, dining,entertainment, and local activities. Over the years, Chelsea hasevolved into a diverse community, embracing its agriculturalheritage, maintaining an active manufacturing base, andcultivating a vibrant art scene.The unique and lovely architecture that defines Chelsea is atreasure to be experienced. Streets, buildings, parks andbusinesses serve as reminders of Chelsea’s long history.Recently honored as a National Register of Historic Placesdesignation, the downtown area abounds with historywherever you turn. Whether you are looking to stroll quaintVictorian neighborhoods, view historical Main Streetarchitecture at its best, or delve deeper into the history ofsmall town America, Chelsea has all that and more to offer.Chelsea’s thriving shopping district offers both residents andvisitors alike the pleasant ambiance of tree-lined streets andcheerful storefronts. Visitors can stroll down historic MainStreet, the home of specialty shops, gift boutiques, markets,restaurants, cafes, and visitor tours at Chelsea Milling, homeof Jiffy Mix.The beautiful 25,000-acre Waterloo Recreation Area is literallyat Chelsea’s doorstep. You can experience the beauty ofMichigan’s unique wilderness, wildlife and geological wondersin this protected area. There nature enthusiasts can hike, ski,or bike miles of trails, spend a sunny afternoon fishing on oneof many lakes, or experience the spectacle of the migratingsandhill cranes. Golfers can choose from more than 20 lushgolf courses, all within a 20-minute drive. Families can enjoy apicnic and playgrounds and Timbertown, Pierce Park orVeteran’s Park.A commitment to the arts is an essential part of Chelsea’svitality. Actor Jeff Daniels, an inaugural inductee in theMichigan Walk of Fame, is a founder of The Purple RoseTheater which showcases the work of nationally knownplaywrights, as well as the talents of equity-card actors.Chelsea Center for the Arts welcomes students of all ages todiscover and nourish a love of art and music and features ayearly community art project.Chelsea counts outstanding educational and health careamong its many valuable resources. The Chelsea SchoolDistrict’s excellent staff and high level of parental involvementprepare students of all ages for a bright future. The ChelseaCommunity Hospital, nestled in a beautiful, wooded setting,provides quality healthcare, including a Health and WellnessCenter, a Head Pain Program, a Woman’s Health Center andER services.For more than 100 years, Chelsea has been an ideal place forseniors to enjoy their lives. A diverse range of opportunitiesexist for seniors to experience art and music, volunteer, andjoin social groups all within a friendly small town atmosphere.Chelsea proudly offers several residential communities forseniors including the Chelsea Retirement Community andSilver Maples of Chelsea, which both offer beautiful campusesand a range of living options. With many organizationsdedicated to providing senior services including the ChelseaSenior Center and the Chelsea Community Hospital, seniorscan stay active and feel comfortable knowing that the fullspectrum of resources are available within their community.

ZONING OVERVIEW

Central Business District (Downtown) Goals. As Chelsea’sdowntown is the focal point of the community, its historicqualities are a major factor in making the downtown a uniqueplace. This plan promotes the following downtown values:_ Ensure the economic viability of the downtown through adiversified mixture of complementary commercial, office,residential and civic uses._ Preserve the historic, small-town character of the downtown._ Maintain and strengthen the “sense of place” which currentlyexists in thedowntown area._ Ensure that renovations of historic buildings in thedowntown retain the existing historical and architecturalintegrity._ Ensure new infill development is compatible with thedowntown’s historic architecture, scale, proportion andcharacter._ Strengthen the spatial and architectural character of theexisting downtown area and any underdeveloped orundeveloped land within the CBD through the provision oftraditional storefronts, gathering areas, streetscape elementsand building forms consistent with the current downtown._ Strongly encourage the presence of a United States PostOffice branch in the CBD as an important community amenity,but if the post office does move, to encourage some type ofconvenience postal center downtown._ Ensure proper land use transitions and design treatmentbetween the downtown district and the surroundingresidential neighborhoods._ Once the areas already designated as central businessdistrict on the Future Land Use Map are mostly developed, thelogical future expansion of the central business district isdirectly adjacent to existing CBD developments, growingincrementally north along M-52 to a northern limit of LettsCreek, and west along North Street.

LEGAL OVERVIEW

M.D. L4339 P352 11/21/2003 UNIT 7 CHELSEA CLOCK TOWERSPLIT ON 11/24/2003 FROMFC-06-12-108-007FC-06-12-108-008FC-06-12-108-009FC-06-12-108-011FC-06-12-108-012FC-06-12-108-013FC-06-12-108-014FC-06-12-108-015FC-06-12-108-016FC-06-12-108-031;

EASEMENT OVERVIEW

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ZONING OVERVIEW

Central Business District (Downtown) Goals. As Chelsea’sdowntown is the focal point of the community, its historicqualities are a major factor in making the downtown a uniqueplace. This plan promotes the following downtown values:_ Ensure the economic viability of the downtown through adiversified mixture of complementary commercial, office,residential and civic uses._ Preserve the historic, small-town character of the downtown._ Maintain and strengthen the “sense of place” which currentlyexists in thedowntown area._ Ensure that renovations of historic buildings in thedowntown retain the existing historical and architecturalintegrity._ Ensure new infill development is compatible with thedowntown’s historic architecture, scale, proportion andcharacter._ Strengthen the spatial and architectural character of theexisting downtown area and any underdeveloped orundeveloped land within the CBD through the provision oftraditional storefronts, gathering areas, streetscape elementsand building forms consistent with the current downtown._ Strongly encourage the presence of a United States PostOffice branch in the CBD as an important community amenity,but if the post office does move, to encourage some type ofconvenience postal center downtown._ Ensure proper land use transitions and design treatmentbetween the downtown district and the surroundingresidential neighborhoods._ Once the areas already designated as central businessdistrict on the Future Land Use Map are mostly developed, thelogical future expansion of the central business district isdirectly adjacent to existing CBD developments, growingincrementally north along M-52 to a northern limit of LettsCreek, and west along North Street.

LEGAL OVERVIEW

M.D. L4339 P352 11/21/2003 UNIT 7 CHELSEA CLOCK TOWERSPLIT ON 11/24/2003 FROMFC-06-12-108-007FC-06-12-108-008FC-06-12-108-009FC-06-12-108-011FC-06-12-108-012FC-06-12-108-013FC-06-12-108-014FC-06-12-108-015FC-06-12-108-016FC-06-12-108-031;







* Demographic data derived from 2010 US Census

POPULATION 1 MILE 5 MILES 10 MILESTOTAL POPULATION 3,708 13,912 40,236MEDIAN AGE 41.8 43.0 42.8MEDIAN AGE (MALE) 35.1 39.5 41.5MEDIAN AGE (FEMALE) 45.4 45.5 44.1

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILESTOTAL HOUSEHOLDS 1,683 5,711 15,876# OF PERSONS PER HH 2.2 2.4 2.5AVERAGE HH INCOME $69,582 $82,183 $88,158AVERAGE HOUSE VALUE $230,820 $298,401 $300,480



for sale€¦ · 301 n east, chelsea, mi 48118 summary sale price: $500,000 lot size: 0.32 acres...

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