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 |
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. |
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 |
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. |