Transcription
O F F I C E / R E TA I L / M U LT I - FA M I LY P O T E N T I A L298 W. Monroe Street Dundee, MI 48131Investment Property AdvisorsTHE OFFERING Riverfront Class A shell to becompleted as desired Constructed in 2007 formixed use Dundee’s proximity to AnnArbor, Toledo and Monroeattracts residents from eachlocation Economic base ofprofessional, retail andservice related employmentincluding Cabela’s Four story with parking inbasementPURCHASE PRICE 1,000,000SIZE28,488 SFSITE SIZE0.80 acresFor more information on this property, visitwww.rkgmarketplace.comWalter A. (Tony) PlathVice PresidentReichle Klein Group419.794.3960 ttplath@rkgcommercial.comHarlan Reichle, CCIM, SIORPresident and CEOReichle Klein Group419.794.1122 threichle@rkgcommercial.comCommercial Property Brokers, Managers & Investment Advisors
O F F I C E / R E TA I L / M U LT I - FA M I LY P O T E N T I A L298 W. Monroe Street Dundee, MI 48131Investment Property Advisors2015 Estimated DemographicsPopulationMedian Household IncomeMedian Housing ValueEmployees1 mile3 miles5 miles7 minutedrive time4,0156,29210,1227,046 41,286 48,245 53,562 50,139 137,574 144,927 148,004 146,4051,9363,0774,0903,324For more information on this property, visitwww.rkgmarketplace.comWalter A. (Tony) PlathVice PresidentReichle Klein Group419.794.3960 ttplath@rkgcommercial.comHarlan Reichle, CCIM, SIORPresident and CEOReichle Klein Group419.794.1122 threichle@rkgcommercial.comCommercial Property Brokers, Managers & Investment Advisors
O F F I C E / R E TA I L / M U LT I - FA M I LY P O T E N T I A L298 W. Monroe Street Dundee, MI 48131Investment Property AdvisorsWalter A. (Tony) PlathVice PresidentReichle Klein Group419.794.3960 ttplath@rkgcommercial.comHarlan Reichle, CCIM, SIORPresident and CEOReichle Klein Group419.794.1122 threichle@rkgcommercial.comCommercial Property Brokers, Managers & Investment Advisors
Monroe County/Dundee, MIMarket Area Detail298 W . Monroe Street Dundee, MIDundee, MI Area OverviewMonroe County, MI Area OverviewDundee is located in western Monroe County, at the junction of US-23 and M-50. The downtown area, consisting ofmany unique, small shops and stores, is a popular visiting spot contained in a triangle of old, but well-preservedbuildings, surrounding a town “square” that includes an oldtile-covered gazebo. The River Raisin runs just to the southof the main intersection, which includes a dam and the OldMill across the river. Cabela’s, the world’s foremost outfitters store, features a 48-foot mountain, a 65,000-gallonaquarium, museum quality displays of wild animals and muchmore.Monroe County is Michigan’s second oldest county and holdsone of its fastest growing economies. It sits at the state’ssoutheast corner along Lake Erie, where its pro-businessclimate harnesses emerging opportunities for commerce.Situated within 600 miles of 51 percent of the nation’spopulation, the county’s strategic location presents vitallogistic advantages to companies large and small.Dundee/Monroe County, MI& Regional Population Statistics2016County Warren-Ann Arobor, MI tonGeneseeLapeerSt. ClairCity of DundeeCSA 156,952436,14287,904164,2353,7735,310,504Nearby Toledo, OH Toledo oe County Chamber of Commerce partners withgovernment, education, nonprofits and citizens to realize theregion’s potential. It fosters competitive industries, booststourism, grows commerce and nurtures culture and the arts.The chamber supports community groups promoting a qualityof life characterized by an outstanding education network,an award-winning health-care system and unmatchedopportunities for outdoor recreation.Detroit-Warren-Ann Arbor, MI Combined Statistical rren-TroyFarmington HillsPontiacDetroit-WarrenAnn AWASSEECLINTONWarrenDetroitDetroit- NARBORMONROEAdrianMonroeAdrianHILLSDALELENAWEELake ErieMONROEMONROEAdrianWILLIAMSSource: 2000 & 2010 U.S. Bureau of Census & Ohio Data Users Center, Ohio Department of DevelopmentApplied Geographic Solutions ,428651,429MICHIGANO H IOFULTONOTTAWALUCASERIELEGENDDetroit-Warren-Ann Arbor2012 Combined Statistical AreaMONROE2012 Metropolitan Statistical AreaAdrian2012 Micropolitan Statistical nt2012 Metropolitan Divisions02012 Principal City2007 Combined Statistical Area0FLINT2007 Metropolitan Statistical AreaAdrian2007 Micropolitan Statistical AreaMICHIGANWAYNEState or Statistical EquivalentCounty or Statistical Equivalent7Investment Property Advisors / Apartment Group147211428 Kilometers2128 Miles2012 Combined Statistical Area (CSA) and Metropolitan/MicropolitanStatistical Area (CBSA) boundaries and names are as of February 2013.2007 Combined Statistical Areas (CSA) and Metropolitan/MicropolitanStatistical Areas (CBSA) are as of December 2006. All other boundariesand names are as of January 2012.U.S. DEPARTMENT OF COMMERCE Economics and Statistics Administration U.S. Census Bureau 2016 Reichle Klein Group. The information above has been obtained from sources believed reliable. While we do not doubtits accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example onlyand do not represent the current or future performance of the property. The value of this transaction to you depends on tax andother factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful,independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.LakeHuronDetroit-Warren-Ann Arbor, MI CSA2012 Economic Census
Monroe County/Dundee, MIMarket Area Detail298 W . Monroe Street Dundee, MIEmploymentMonroe County is experiencing an upward economic trend. The trajectory involves the recent addition of more than 4,000 newjobs and an increase of 7.46 percent in domestic-product growth. This economic expansion crowned the county as Michigan’shighest statistical growth area of 2013.Existing companies thrive while new business chooses to locate here thanks to the county’s strategic geographic location,economic incentives, skilled workforce and streamlined business processes.Monroe County’s top seven companies collectively generate more than 1 billion in annual sales. Together, business andprofessional services, manufacturing, retail, healthcare, tourism and education empower economic opportunities.The Monroe County Business Development Corporation (MCBDC) and Port of Monroe leaders implement a proactive approachto economic advancement with Monroe County’s logistic assets at the heart of progress. The county is home to the only Michiganport on Lake Erie. The deep-draft commercial harbor provides a direct connection to the Great Lakes/St. Lawrence Seawaysystem.Located just 35 miles from Monroe is The Ambassador Bridge in Detroit, the nation’s busiest border crossing. Each year 160 billion in trade crosses the Detroit-Windsor corridor. Theplanned 2.1 billion Gordie Howe International Bridge is slatedTop 20 Employers in Monroe County, MIfor completion in 2020 and will provide additional cross-borderconnections between I-75 and I-94 in Michigan and Highway 401 in2016 TotalOntario.EmployerEmploymentIn 2015, Michigan Department of Transportation launched the firstof a five-phase plan to improve a 20-mile corridor of I-75 throughMonroe County to enhance the trade route. Convenient access tointernational air and rail rounds out Monroe’s logistic advantages.Michigan’s largest producers, DTE Energy and Consumers Energy,support business growth with reliable, reasonably-priced power.As new pathways open for Monroe County development, economicexpansion is transformed from vision to achievement. It delivers thereality of greater prosperity for industry, commerce and community.ProMedicaDTE Energy - FermiDundee Engine PlantMonroe Public SchoolsGerdeau Specialty SteelDTE Energy - Monroe Power PlantLa-Z-BoyMeijer WarehouseTenneco Inc.JCIM #2MB&TGuardian IndustriesMonroe CountyBedford Public SchoolsMonroe County ISDJCIM #1Cabela’sFour Star GreenhouseWalmartMonroe County Community CollegeSource: Monroe County Business Development Corporation 2016 Reichle Klein Group. The information above has been obtained from sources believed reliable. While we do not doubtits accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example onlyand do not represent the current or future performance of the property. The value of this transaction to you depends on tax andother factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful,independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.Investment Property Advisors / Apartment 74365350320300295
Monroe County/Dundee, MIMarket Area Detail298 W . Monroe Street Dundee, MITransportationThe county’s expanding multimodal transportation network provides cost-effective options to move cargo and people via access toMichigan’s only commercial port on Lake Erie, one of the nation’s busiest airports as well as convenient rail and highway connections.The planned 2.1 billion Gordie Howe International Bridge linking Detroit to Windsor, Ontario, promises to unfold even greaterbusiness opportunities.EducationMonroe County Intermediate School District (MCISD) serves nine public school districts, two charter schools and 13 non-publicschools. The region educates 23,000 students from preschool through the university level and provides adult education and lifelonglearning options.Monroe County Middle College, a five-year high school, offers each student the option to earn a high school diploma and up to 60transferable college credits, an associate’s degree and/or a certificate. Middle College graduated its first class in 2014. 42 percentof the class earned an associate’s degree or equivalent. In 2015, Middle College students have the option to study a healthfield curriculum or enroll in the new STEM (Science, Technology, Engineer and Math) program designed to develop scientific andtechnological knowledge.Monroe Community College - Career Tech CenterFor more than 50 years, Monroe Community Collegehas provided affordable pathways to more than 60degree and certificate programs. General studiesmake it possible to complete two years of abachelor’s degree and transfer credits to a four-yearcollege or university. An active partner to businessand industry, the institution offers custom trainingand recruitment assistance. College affiliations withother regional institutions provide multiple learningpathways, including Eastern Michigan University,Siena Heights University and Owens TechnicalCollege, as well as local businesses and organizations.Monroe County’s 16 neighborhood libraries are recognized as one of Michigan’s top library systems. With a circulating collection of570,000 items, public Internet access, inter-library loan service and many free programs, the system contributes to a strong academicculture. The system also collaborates with Michigan Small Business Development Center to offer a business resource center for areaentrepreneurs.Monroe County’s investment in its quality education network cultivates human capital allowing citizens, businesses and communitiesto stake claim in the increasingly complex and competitive global economy. 2016 Reichle Klein Group. The information above has been obtained from sources believed reliable. While we do not doubtits accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example onlyand do not represent the current or future performance of the property. The value of this transaction to you depends on tax andother factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful,independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.Investment Property Advisors / Apartment Group
Monroe County/Dundee, MIMarket Area Detail298 W . Monroe Street Dundee, MIMedical InstitutionsMonroe County’s award-winning health-care system elevates patient services, while offering reliable, consistent service to thecommunity. A recent merger agreement between Monroe’s Mercy Memorial Hospital System and ProMedica, a not-for-profit,multi-hospital system based in Toledo, Ohio, has greatly enhanced local health-care options. The newly named ProMedica MonroeRegional Hospital continues to provide quality community-based medical services for all stages of life.Monroe Regional HospitalProMedica Monroe Regional Hospital’s trackrecord for award-winning services includescancer treatment, physical rehabilitation,skilled nursing, emergency medicine,obstetrics, robotic and orthopedic surgery. Itis also a leader in initiatives for the treatmentof heart attack, congestive heart failure,pneumonia, infection control and surgicalcare. Each year the 238-bed hospital admitsmore than 9,000 patients and treats nearly170,000 outpatients. The system merger hasallowed for expanded services in heart,cancer and inpatient care. Other newinitiatives include increasing the level oftrauma care and emergency services.In addition to the hospital, the system operates ProMedica Monroe Skilled Care and Rehab, Monroe Hospice and Monroe HomeHealth Care. Service locations include Monroe, Carleton, Dundee, Bedford, Luna Pier and Newport. ProMedica actively promotescommunity health through outreach and education programs such as screenings, classes and lectures. It participates in traininga new generation of health-care providers through the Emergency Medicine Residency based at ProMedica Monroe RegionalHospital. Accredited by the American Osteopathic Association, the osteopathic community-based program provides residents withthe necessary skills in emergency-medicine settings ranging from military, public health, teaching and research to administration.Monroe County’s progressive healing and wellness system nurtures and protects the well being of its citizenry, offers professionalopportunities and provides a stable economic anchor. 2016 Reichle Klein Group. The information above has been obtained from sources believed reliable. While we do not doubtits accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example onlyand do not represent the current or future performance of the property. The value of this transaction to you depends on tax andother factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful,independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.Investment Property Advisors / Apartment Group
Monroe County/Dundee, MIMarket Area Detail298 W . Monroe Street Dundee, MIRecreation/Cultural ArtsMonroe County recreation destinations include Sterling State Park along Lake Erie, which offers 1,300 acres for beaching,boating, fishing, camping and hiking. River Raisin flows through downtown Monroe, creating a scenic backdrop for shoppingand dining. Embodying local, state and national history, River Raisin National Battlefield Park commemorates the January 1813battles of Frenchtown during the War of 1812. The park is the central point of a corridor development plan combining federal,state and local properties into a 90-million-development project that will preserve history while creating space for education,entertainment and recreation through the next decade.Creative talent finds a welcoming home in Monroe County. The region’s deep roots in art and culture provide rich experiencesand options for self-expression.The Monroe arts community emerged in the 1950s with the formation of the Monroe Art League. The league continues toprovide instruction and exhibits. Local artists enjoy new opportunities for developing skills and sharing ideas. Exhibitions andsales in downtown Monroe at the Art Insight Emporium, operated by local artist Christy La Roy, allow artists to showcase theirtalents to the community. Several other galleries and “Spot Shows” at public buildings and businesses highlight the diversity ofarea artists.The annual Downtown Monroe Fine Art Fair brings art to the streets. This two-day, juried event displays the works of 100 localand national artists each August. Recognized as Monroe’s top art event, the show coincides with the River Raisin Jazz Festival,a free four-day music festival featuring world-class performers. The music extravaganza draws 40,000 people.Monroe County Library System hosts Michigan’s longest running annual blues celebration. The award-winning blues and rootsseries presents local, regional and national musicians to highlight Black History Month.Other venues include the La-Z-Boy Center, a world-class theater complex and corporate training facility. Located at MonroeCounty Community College, the venue is home to Monroe Community Players. River Raisin Center for the Arts offersperforming arts education for all ages. It houses a dance academy, Arts Centre Orchestra, creative dramatics and River RaisinSchool of Music. River Raisin Ballet Company, Motor City Dance Extension and Team Fiddle are also based at the center.Monroe cultural venues encourage all to unleash imagination, free the spirit and color the world a happier place. 2016 Reichle Klein Group. The information above has been obtained from sources believed reliable. While we do not doubtits accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example onlyand do not represent the current or future performance of the property. The value of this transaction to you depends on tax andother factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful,independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.Investment Property Advisors / Apartment Group
DTE Energy - Fermi 750 Dundee Engine Plant 590 Monroe Public Schools 549 Gerdeau Specialty Steel 510 DTE Energy - Monroe Power Plant 501 La-Z-Boy 491 Meijer Warehouse 475 Tenneco Inc. 456 JCIM #2 450 MB&T 450 Guardian Industries 430 Monroe County 427 Bedford Public Schools 416 Monroe County ISD 374 JCIM #1 365 Cabela's 350 Four Star .
