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: 8/12/2022

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.

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
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

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,795 76,541 166,447
Median Age: 33.15 33.53 33.41
Households: 3,785 31,986 66,308


© Copyright 2001-2022 Catylist. All Rights Reserved. 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.