505 Territorial $595,000

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    505 Territorial Manchester, MI 48158

    Sold
    SOLD 7/10/2023

    $595,000

    Market Estimate
    • 14,126 sq. ft.
    • 11.76 Acres
    • Commercial
    • MLS# 40146570
    505 Territorial, Manchester, MI 48158
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    Listing provided courtesy of: Proper Property Services, Inc - 734-255-0362
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    Property Details

    Convenient Contractor's Yard! Tucked away in the outskirts of the Village of Manchester, this property includes (1) Two-Story brick Office Building, (5) insulated Outbuildings with overhead doors, and an Airstrip, all on 11.764 acres. The parking lot has been freshly repaved and seal coated, the outbuildings and exterior trim freshly painted, newer HVAC and Water Heaters, updated electrical for option of installing separate meters. The main shop and office space includes a men's locker room, shop office, small tools/equipment storage, kitchenette, (2) bathrooms, conference room, reception area, and two private offices all on the main/entry level; the office space is currently being rented. The lower level office space includes (1) bathroom, foyer, flex space, (1) private office, and is currently being rented. Four of the five outbuildings are heated; two are currently being rented. There is a fuel house on the property with two pumps. The property currently brings in approx $3850/month

    • General Features
      • Acreage 11.76
      • Area Municipality Manchester (81026)
      • County Washtenaw
      • Originating MLS Ann Arbor Area Association of RE
      • Ownership Private
      • Total SqFt Finished 14126
      • Waterfront Y/N No
      • Year Built 19
    • Building Features
      • Exterior Construction Block
      • Foundation Type Basement

    Neighborhood

    48158 (Manchester) Demographics

    50 Median Age
    82 Population Density (per sq. mile)
    48% College Educated
    $80,981 Estimated Median Income
    2,799 Estimated Total Home Owners
    410 Estimated Total Renters
    87% / 13% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    7,840 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $349,900 Median Sales Price
    9 Homes Sold
    13 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        7/10/2023 3:00:00 AM Sold Source: Multiple Listing Service New Value: $595,000
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.