Catylist ID:
#30338067
Land For Sale: Multi-Family Development in Ypsilanti
Vacant Land
for Sale
| Catylist Listing ID: | 30338067 |
| Property Subtypes: | Multi-Family |
| Gross Land Area: | 5.04 Acres |
| Sale Price: | $1,200,000 |
| Unit Price: | $238,095 Per Acre |
| In Opportunity Zone? | Yes |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 6/1/2020 |
Overview / Comments
|
CORNER of E. Ellsworth Rd & W. Michigan Ave. This 5.04 acres is in a central location between Ypsilanti and Ann Arbor, close to EMU Campus and hospitals including U of M and St Joseph's. Direct access to I-94 and US-23. The property has water and sewer and all utilities at the street. This is a great opportunity for a Multi-Family or Assisted Living or Townhomes development. Do not enter property or approach house without prior notification through broker. |
Attachments & Media
Additional Details
| Nearest MSA: | Ann Arbor |
| County: | Washtenaw |
| Submarket/Township: | Washtenaw E of 23 |
| Taxing Authority: | Ypsilanti Township |
| Tax ID/APN: | K-11-39-251-015 |
| Zoning: | RM2 - MULTI FAMILY |
| Property Located Between: | NEC E. Ellsworth Rd & W. Michigan Ave./US-12 |
| Property Visibility: | Excellent |
| Legal Description: | COMMENCING AT THE NORTHWEST CORNER OF LOT 399, STEPHENS RECREATION PARK SUBDIVISION , AS RECORDED IN LIBER 5 OF PLATS. PAGE 35, TH S 13-35-33 E 995.52 FT TO THE POB; TH S 13-35-33 E 182.16 FT; TH S 57-31-27 W 350.00 FT; TH S 13-35-33 E 199.17 FT; TH ALONG A CURVE TO THE LEFT, HAVING A RADIUS OF 57,355.78 FT, CENTRAL ANGLE OF 0-4-31, CHORD BEARING S 57-23-15 W A DISTANCE OF 75.36 FT; TH S 57-21-0 W 95.50 FT; TH N 88-46-2 W 173.22 FT; TH N 13-26-3 W 433.41 FT; TH N 76-33-57 E 110.00 FT; TH S 72-28-49 E 122.19 FT; TH N 76-33-57 E 110 FT; TH N 13-26-03 W 147.69 FT; TH N 78-21-02 E 334.10 FT TO POB. CONTAINING 5.04 ACRES. BEING A PORTION OF FRENCH CLAIM 690, LOT 399 STEPHENS RECREATION PARK SUBDIVISION. (SPLIT ON 12/18/2002 FROM K -11-39-251-011 AND K -11-39-251-004) |
| Largest Nearby Street: | Michigan Ave./U.S. 12 & I-94 |
| Feet of Frontage: | 344 |
| Highway Access: | I-94 & US-23 |
| Airports: | DTW, ANN ARBOR |
| Site Description: | Flat and irregular shape parcel. Municipal water & sewer available at street in front of property. |
| Area Description: | High traffic Michigan Ave. corridor surrounded by commercial shopping and other single and multi-family residences. |
| Lot Frontage: | 344 |
| Lot Depth: | Approx. 650 irregular shape |
| Zoning Description: | RM2 Multi Family |
| Topography: | Level |
| Easements: | 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: | 9,635 | 75,520 | 167,470 |
| Median Age: | 33.59 | 33.36 | 33.23 |
| Households: | 4,156 | 31,590 | 66,939 |
| 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. |
