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2255 W Stadium Boulevard

Ann Arbor, MI 48103
  • $215,000
  • STATUS: Active
  • ON SITE: 488 Days
  • ID#: 2210036666
UPDATED: 59 min ago
$215,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,042
    SQFT
  • $43
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1973
County:
Area:
Zoning:
Commercial
Lot Size Dimensions:
Business Only

School Ratings & Info

School District:

Description

Newly updated finishes. Exciting opportunity to purchase established and popular turn key business (Hot Pot Chen Restaurant and Bar) on W Stadium Blvd -Ann Arbor. High traffic location for dine in/carry out serving authentic traditional cuisine. 2.4 Miles W of the University of Michigan Campus. 1.9 Miles from Michigan Stadium. W Stadium Blvd is one of the main thoroughfares to and from the Big House. The building is approximately 5042 sf plus an additional 400 sf paved patio for outside seating. There's a large area off of the main dining room for private banquets and events. Large kitchen may offer ability to add catering services if desired. Plenty of parking spaces in the back of building. Equipment, furnishings (booths, chairs, tables, server stations, full working bar), fixtures, all tableware and dcor, signage, business LLC and liquor license included in sale of business. The restaurant owner leases the space. The building is not for sale. The lease will be assigned per the existing lease agreement w/ property owner approval. If you purchase this restaurant business, you would purchase all rights to the restaurant from current restaurant owner and then be obligated to abide by lease agreement including a security deposit, monthly rent, liability insurance, paying taxes, utilities & services, exterior/interior maintenance and repairs. The current lease ends 7-1-2028.

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IDX provided courtesy of Realcomp II Ltd. via RE/MAX Nexus and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-09-25T22:56:29.8.
www.nexushomesearch.com/homes/117537984
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2255 W Stadium Boulevard Ann Arbor, MI 48103

  • Price: $215,000
  • Status: Active
  • On Site: 488 Days
  • Updated: 59 min ago
  • ID#: 2210036666
0
Beds
0
Baths
0
½ Baths
N/A
Acres
5,042
SQFT
$43
$/SQFT
1973
Built
Neighborhood:
Melodale Sub
County:
Washtenaw
Area:
Ann Arbor
School District:
ANN ARBOR
Property Description
Newly updated finishes. Exciting opportunity to purchase established and popular turn key business (Hot Pot Chen Restaurant and Bar) on W Stadium Blvd -Ann Arbor. High traffic location for dine in/carry out serving authentic traditional cuisine. 2.4 Miles W of the University of Michigan Campus. 1.9 Miles from Michigan Stadium. W Stadium Blvd is one of the main thoroughfares to and from the Big House. The building is approximately 5042 sf plus an additional 400 sf paved patio for outside seating. There's a large area off of the main dining room for private banquets and events. Large kitchen may offer ability to add catering services if desired. Plenty of parking spaces in the back of building. Equipment, furnishings (booths, chairs, tables, server stations, full working bar), fixtures, all tableware and dcor, signage, business LLC and liquor license included in sale of business. The restaurant owner leases the space. The building is not for sale. The lease will be assigned per the existing lease agreement w/ property owner approval. If you purchase this restaurant business, you would purchase all rights to the restaurant from current restaurant owner and then be obligated to abide by lease agreement including a security deposit, monthly rent, liability insurance, paying taxes, utilities & services, exterior/interior maintenance and repairs. The current lease ends 7-1-2028.
Exterior Features

Architecture Level 1 Story Commercial Exterior Features Awning/Overhang(S)Outside LightingSprinkler(S) Construction Materials VinylWood Distance To Interstate 1 Foundation Details Slab Foundation Materials Poured Lot Size Dimensions Business Only Road Frontage Feet 120 Road Frontage Type Paved Side Of Street W Waterfront YN No

Interior Features

Building Area Source Assessor Commercial Utilities Smoke Alarm Heating Cooling Forced Air Heating Fuel Natural Gas Sq Ft Main 5042 Sq Ft Office 0

Property Features

Accessibility Features Accessible Entrance Apod Available YN Yes Business Licenses Beer & WineLiquor Business Type ServiceRetail Commercial Type Business Opportunity Current Use Restaurant Encroachment YN No Exclusions YN Yes Existing Lease YN Yes Gross Scheduled Income 613000.00 Inventory Included YN Yes Inventory List YN Yes Land Contract YN No Listing Financing CashTriple Net Lease Operating Expense 55000.00 Ownership Status Short Sale - NoPrivate Owned Percent Leased 100 Possession Negotiable Postal City Ann Arbor Protection Period 180 Restrictions YN Yes Settlement City Sewer Sewer At Street Short Sale No Tax Amount Summer 26431.0000 Tax Amount Winter 7939.0000 Title Standard (Private) Total Tax 34370.0000 Unparsed Address 2255 W Stadium Boulevard Water Source Public (Municipal) Year Remodeled 1997 Zone Conform YN Yes Zoning Commercial

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Shain Park, Realtorsã‚®: (248) 633-8520 and Realcomp, ©2022 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via RE/MAX Nexus and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-09-25T22:56:29.8.
 
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