160,515 Square Foot Retail Space For Sale @ 1075 Emerick St

Property Highlights: *This is a redevelopment opportunity ONLY, the township will not allow for a repair and operation as a retail center. Plan to demolish existing property required to be in place upon purchase. Upon closing of the Property, Buyer is required to replenish Seller with the total escrowed sum, which will be refunded to Buyer when the Property is restored out of receivership. The total amount in escrow at time of sale is $165,000. * Re-Development Opportunity ONLY * 15.38 acres * Township will re-zone for multi-family, senior living or general commercial use * Conveniently located to both Eastern Michigan University in Ypsilanti and the University of Michigan in Ann Arbor * Very strong demographics and traffic counts * Direct exposure to I-94 Investment Overview: All bidders are encouraged to review the “Property Receivership and Condemnation Memo” located in the Due Diligence vault and to contact the Broker with any additional questions or concerns. Auction Dates: Auction Starts 06/19/2017 Auction Ends 06/21/2017