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Prime Redevelopment Opportunity 1603 S Main St 33,000 SF Retail Building Chelsea, MI 48118 $5,000,000 ($151.52/SF)
INVESTMENT HIGHLIGHTS
- 6.38-acre site offering reuse or redevelopment potential
- Ideal opportunity for automotive dealership, developer, or owner-users
- Centrally located near downtown Chelsea with convenient access to I-94
- Zoned T-1 (Transition Mixed Use) allowing a variety of retail and mixed-use uses
- Prominent freestanding building located on S Main Street in Chelsea
EXECUTIVE SUMMARY
This property offers a strong foundation for retail users or developers, with the flexibility to reuse the existing building for a dealership or redevelop the full 6.38-acre site. Zoned T-1 (Transition Mixed Use), it provides versatility and potential for a wide range of retail ventures. Featuring a rich heritage and a strategic location within the Chelsea area, this is an exciting opportunity for a developer or user looking to capitalize on a thriving retail market.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
33,000 SF
Building Class
B
Year Built
1945
Price
$5,000,000
Price Per SF
$151.52
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
6.38 AC
Zoning
C - Commercial
Parking
120 Spaces (4.51 Spaces per 1,000 SF Leased)
Frontage
599’ on Main St
AMENITIES
- Fenced Lot
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $780,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$780,000
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Prime Redevelopment Opportunity | 1603 S Main St
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