Catylist ID:
#30837582
Site Plan Approved Condo Development for Sale - Dexter
Vacant Land
for Sale
Also listed as Multi-Family
| Catylist Listing ID: | 30837582 |
| Property Subtypes: | Multi-Family |
| Gross Land Area: | 0.71 Acres |
| Sale Price: | $850,000 |
| Unit Price: | $1,197,183 Per Acre |
| Sale Terms: | Cash to Seller, Owner Financing |
| Cap Rate: | Undisclosed |
| Last Updated: | 6/2/2023 |
Overview / Comments
|
Millennium Place Condominiums is a fully approved site condominium for 23 residential units in the City of Dexter. Final site plan approved and ready for construction. Seller will consider owner financing to an experienced, qualified buyer. There is on site parking and is walking distance to downtown, schools, shopping, parks, and the Border 2 Border trail. The building is three stories consisting of: 3 - 2 story units with 2 bedrooms and 2.5 baths 12 - 2 bedroom and 2 bath units 4 - 2 bedroom and 1 bath units 4 - 1 bedroom and 1 bath units Forty-six (46) on-site parking spaces plus street parking. |
Attachments & Media
Financials
| Finance Data Year | 2022 |
|---|---|
| Assessed Value - Total($) | $159,100 (Annual) |
| Real Estate Taxes - Annual($) | $6,951 (Annual) |
Additional Details
| Nearest MSA: | Ann Arbor |
| County: | Washtenaw |
| Submarket/Township: | Washtenaw W of 23 |
| Submarket Type: | Central Business District |
| Taxing Authority: | City of Dexter |
| Tax ID/APN: | 08-08-06-280-028 & 08-08-06-280-009 |
| Zoning: | PUD |
| Property Located Between: | Baker Rd and Broad St. |
| Property Visibility: | Excellent |
| Legal Description: | 2 parcels Lengthy - on file |
| Largest Nearby Street: | Baker |
| Feet of Frontage: | 135 |
| Highway Access: | I-94, M-14, US-23 |
| Airports: | DTW, Ann Arbor |
| Site Description: | City water and sewer Fully approved site plan |
| Area Description: | The affluent City of Dexter is located in Southeast Michigan, along the banks of the Huron River and Mill Creek. Residents and visitors can enjoy a day on a river, walking along nature trails, or biking on the County Border-to-Border trail, stopping in our historic downtown for lunch and some shopping. Cultural activities include a local theater, historical museum, summer concerts, ice skating in the winter, festivals, and simply playing in the parks. With access to business and industrial properties along Jackson Boulevard and an easy 15 minute drive to downtown Ann Arbor, Dexter’s businesses and retail connect to the greater Washtenaw County network with ease. |
| Lot Frontage: | 135 |
| Lot Depth: | 198 |
| Zoning Description: | PUD - Section 19.01 PURPOSE AND INTENT The Planned Unit Development (PUD) is provided as a design and planning option, intended to permit flexibility in the regulation of land development; to encourage innovative land use in terms of variety in design, layout, and type of structures constructed; to preserve significant natural features and open space; to promote efficient provision of public services and utilities; to encourage aesthetically pleasing development; to ensure compatibility of a proposed PUD with adjacent uses of land and to promote the use of land in a socially and environmentally desirable manner; minimize adverse traffic impacts, to provide adequate housing and employment; to encourage development of convenient recreational facilities; and to encourage the use and improvement of existing sites or buildings when the uniform regulations contained in other zoning districts alone do not provide adequate protection and safeguards for the site or its surrounding areas or flexibility to consider adaptive re-use of existing structures. |
| Development Name: | Millennium Place |
| Topography: | Level |
| Easements: | Electric Lines, Ingress/Egress, Utilities |
| Available Utilities: | Electric, Water, Gas, Sewer, Cable |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,002 | 9,795 | 32,939 |
| Median Age: | 41.39 | 39.96 | 42.45 |
| Households: | 462 | 3,602 | 12,503 |
| 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. |
