Catylist ID:
#30446423
Vacant Land - Regional/Mixed Use Corridor - Ypsilanti
Vacant Land
for Sale
Also listed as Multi-Family
| Catylist Listing ID: | 30446423 |
| Property Subtypes: | Hospitality, Industrial, Multi-Family, Office, Retail, Other |
| Gross Land Area: | 18.80 Acres |
| Sale Price: | $375,000 |
| Unit Price: | $19,946 Per Acre |
| In Opportunity Zone? | Yes |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 6/2/2023 |
Overview / Comments
|
Ypsilanti Township recently updated its Master Plan and this property is centrally located in the Regional/Mixed Use Corridor of the newly formed Michigan Avenue Form Based Code District Plan. The Michigan Ave. Regional/Mixed Use Corridor - Site Type D permitted use groups include Misc. Residential/Related Uses, Office/Institutional, Retail, Entertainment and Services and Light Industrial. Special use groups include Other Misc. and Automotive. This is a unique development opportunity. |
Attachments & Media
Additional Details
| Nearest MSA: | Ann Arbor |
| County: | Washtenaw |
| Submarket/Township: | Washtenaw E of 23 |
| Taxing Authority: | Ypsilanti Township |
| Tax ID/APN: | K-11-39-350-027 |
| Zoning: | MICHIGAN AVE. FORM BASED CODE DISTRICT REGULATING PLAN |
| Property Located Between: | Michigan Ave. I-94 EXIT181A between Hewitt Rd. & Ellsworth Rd. |
| Property Visibility: | Excellent |
| Legal Description: | per survey |
| Largest Nearby Street: | Direct access off US-12/Michigan Ave. |
| Feet of Frontage: | 290 |
| Traffic/Vehicle Count: | 28,893 |
| Highway Access: | I-94 and US-23 |
| Airports: | Detroit Metro. Willow Run. |
| Site Description: | Gently sloping with wetlands in rear. Estimated 6-8 acres are build-able. Presumed building envelop and example site plan included in attachments. |
| Area Description: | High traffic east-west Michigan Avenue corridor connecting all directions to Hewitt & Ellsworth Roads and Washtenaw Ave. Property is located in Ypsilanti Township at entryway to the City of Ypsilanti - home to Eastern Michigan University and St. Joe Mercy Hospital. Surrounding area is densely populated with commercial and residential type uses. |
| Lot Frontage: | 290 |
| Lot Depth: | irregular |
| Zoning Description: | Ypsilanti Township Form Based District - Michigan Ave. Regional/Mixed Use Corridor - "Site Type D" - Permitted use groups include Misc. Residential/Related Uses, Office/Institutional, Retail, Entertainment and Services. Special use groups include Other Misc. and Automotive. An excerpt of Article V - Form Based Districts is attached. |
| Topography: | Gently Sloping |
| Available Utilities: | Electric, Water, Gas, Sewer |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 7,829 | 76,541 | 175,323 |
| Median Age: | 33 | 33.53 | 32.99 |
| Households: | 3,359 | 31,986 | 68,072 |
| The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Moody's assume any liability for errors or omissions. |
