Catylist ID:
#30845460
Vacant Land - Multi-Family Development for Sale
Vacant Land
for Sale
| Catylist Listing ID: | 30845460 |
| Property Subtypes: | Multi-Family |
| Gross Land Area: | 17.49 Acres |
| Sale Price: | $650,000 |
| Unit Price: | $37,164 Per Acre |
| In Opportunity Zone? | Yes |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/28/2023 |
Overview / Comments
|
Development opportunity west of downtown Ypsilanti. Large parcel of RM-2 multi-family zoned land in Ypsilanti Township. Zoning allows 6 units per acre. Has a tributary to Paint Creek through the parcel dividing it. There is access on the 783’ of frontage on S. Congress. Access at the end of Glory Drive off Hewitt Road for the land on the south side of the small creek. Wetland Delineation study from 2016 available - NO wetlands, only the creek, called Miller Drain. County maps showing wetlands are incorrect as to this parcel. Public water and sewer are available. There are some large trees on the south half of the parcel. Ypsilanti Township has a Woodland Protection Ordinance that will affect removal of trees greater than 8” diameter, of which there are many. Please consult with your site plan engineer. Ideal location adjacent to large retail centers and amidst neighborhoods. Close to EMU, WCC and St. Joseph Mercy Hospital. One mile from I-94 / Michigan Avenue. |
Attachments & Media
Financials
| Finance Data Year | 2019 |
|---|---|
| Assessed Value - Total($) | $250,200 (Annual) |
Additional Details
| Nearest MSA: | Ann Arbor |
| County: | Washtenaw |
| Taxing Authority: | Ypsilanti Township |
| Tax ID/APN: | K -11-40-352-014 |
| Zoning: | RM-2 |
| Property Located Between: | Hewitt and Mansfield |
| Property Visibility: | Good |
| Legal Description: | METES AND BOUNDS, PART OF FRENCH CLAIM |
| Largest Nearby Street: | Michigan AVe./U.S. 12 |
| Feet of Frontage: | 783 |
| Highway Access: | I-94, US-12 |
| Airports: | DTW, Ann Arbor |
| Area Description: | Ypsilanti Township (Y-Town), located east of Ann Arbor, is the largest township in Washtenaw County and the seventh largest in the State of Michigan. Y-Town has over 53,000 residents and spans 32 square miles with close proximity to Detroit, Detroit Metropolitan and Willow Run Airports, Eastern Michigan University, and the University of Michigan. Y-Town has partnered with the Michigan Economic Development Corporation, Ann Arbor SPARK, Michigan Small Business Development Center and the Ann Arbor/Ypsilanti Regional Chamber of Commerce, to guide our community in economic development and community growth. We have the benefit of sharing the community vibe, recreation, culinary and arts scene of the City of Ypsilanti as well as Ann Arbor as a progressive, vibrant and growing area. |
| Lot Frontage: | 783 |
| Lot Depth: | 941 |
| Zoning Description: | The RM-1 and RM-2 multiple-family residential districts are designed to provide sites for low- to moderate-density multiple-family dwelling structures, and related uses, which will generally serve as zones of transition between nonresidential districts and single-family districts. • Sec. 501. - Principal uses permitted: • In RM-1 and RM-2 multiple-family residential districts, no building or land shall be used and no building shall be erected except for one or more of the following specified uses unless otherwise provided in this ordinance: 1. All principal uses permitted and all uses permitted subject to special conditions and as regulated in the R-1 through R-5 one-family residential districts. 2. Two-family and multiple-family dwellings. 3. Accessory buildings and uses customarily incident to any of the above permitted uses. (Ord. No. 99-224, § III, 8-3-99) • Sec. 502. - Uses permitted subject to special conditions: • The following uses may be permitted upon the granting of a permit for such use by the planning commission subject to the conditions hereinafter imposed for each use and subject further to such other reasonable conditions which in the opinion of the planning commission are necessary to provide adequate protection to the neighborhood and to abutting properties and subject further to a public hearing in accord with sec. 2309 and further shall be reviewed as provided for in sec. 2119: 1. Utility and public service buildings in uses (without storage yards) when operating requirements necessitate the locating of such building within the district in order to serve the immediate vicinity. 2. State-licensed residential child and adult care facilities as provided for in section 2122. 3. Reserved. 4. Convalescent homes or nursing home not to exceed a height of two stories, when the following conditions are met: a. The site shall be so developed as to create a land to building ratio on the lot or parcel whereby for each one bed in the convalescent home there shall be provided not less than 1,500 square feet of open space. The 1,500 square feet of land area per bed shall provide for landscape setting, off-street parking, service drives, loading space, yard requirements, employee facilities, and any space required for accessory uses. The 1,500-square-foot requirement is over and above the building coverage area. b. No building shall be closer than 40 feet to any property line. 5. General hospitals, except those for criminals and those solely for the treatment of persons who are mentally ill or have contagious disease, not to exceed four stories when the following conditions are met: a. All such hospitals shall be developed only on sites consisting of at least five acres in area, and shall not be permitted on a lot or lots of record. b. The proposed site shall have at least one property line abutting a major thoroughfare. c. The minimum distance of any main or accessory building from bounding lot lines or streets shall be at least 40 feet for front, rear, and side yards for all two-story structures. For every story above two, the minimum yard distance shall be increased by at least ten feet. d. Ambulance and delivery areas shall be obscured from all residential view with an obscuring wall or fence six feet in height. Ingress and egress to the site shall be directly from a major thoroughfare. e. All ingress and egress to the off-street parking area, for guests, employees, staff, as well as any other uses of the facilities, shall be directly from a major thoroughfare. 6. Accessory buildings and uses customarily incident to any of the above permitted uses. elopments, all site plans shall be submitted to the planning commission and t a. The site plan shows that a proper relationship exists between local streets and any proposed service roads, driveways and parking areas to encourage pedestrian and vehicular traffic safety |
| Available Utilities: | Water, Sewer |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,873 | 76,493 | 176,018 |
| Median Age: | 35.13 | 33.6 | 32.83 |
| Households: | 4,750 | 32,048 | 68,864 |
| 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. |
