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
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

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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

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