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: | 2/3/2023 |
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 Catylist Real Estate Software, Inc. assume any liability for errors or omissions. |
