Approved New Construction-Industrial/Office-Sale-Ypsilanti

Vacant Land for Sale
Catylist Listing ID: 30446423
Property Subtypes: Industrial, Office
Gross Land Area: 18.80 Acres
Sale Price: $350,000
Unit Price: $18,617 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/22/2021

Overview / Comments

This is a unique development opportunity for an owner/user to build from the ground-up; or, a developer to build a spec building for future lease/sale.

Recently approved site-planned for a 24,750 sf industrial building with office, overhead doors and loading dock. Architectural drawings & site-plans with engineering by local firm "ETC" are available to purchaser included in the sale price. Or, modify the building plans to suit your own need.

Ready to build 18.8 acre vacant parcel conveniently located on West Michigan Ave., less than 1/4 mile off I-94 exit 181A.

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 Visibility: Excellent
Legal Description: per survey
Largest Nearby Street: Direct access off US-12/Michigan Ave.
Highway Access: I-94 and US-23
Airports: Detroit Metro. Willow Run.
Site Description: Gently sloping with wetlands in rear. Proposed 24,750sf building consumes pretty much entire buildable footprint.
Area Description: Ypsilanti is a progressive city with a great community vibe, culinary and arts scene. Ypsilanti has the second largest contiguous historic district in the state of Michigan which includes both downtown Ypsilanti, along Michigan Avenue, and the Depot Town area adjacent to Frog Island Park and Riverside Park, which features many specialty shops, bars and grills, and a farmers' market. Ypsilanti’s Depot Town neighborhood is receiving national attention after East Cross Street was named to the American Planning Association’s (APA) list of 15 “Great Places in America” for 2018. The history of Ypsilanti is still present and vibrant in today’s shops, dining and entertainment scene. With the Downtown and Depot Town districts only minutes apart they utilize their beautifully preserved historic areas to add interest to the variety of cultures present in the art, music and shopping. Ypsilanti is home to Eastern Michigan University and expands beyond the downtown districts to include 23,000+ acres of public park and recreation areas that help make up the Washtenaw County area. You’re just minutes from town and can find golfing, mountain biking, canoeing, hiking or natural scenery to relax in. Alternatively, you can travel to neighboring Ann Arbor (6 miles west of Ypsilanti) or Detroit (18 miles east of Ypsilanti) for sporting events, concerts and cultural excursions.
Lot Frontage: 290
Lot Depth: irregular
Zoning Description: IRO - Industrial Research Office • Sec. 1300. - Intent: The IRO industrial research office districts is so designed as to provide for a "community of office, research and industrial facilities." The IRO industrial research office districts are designed to ensure the compatibility between the operations therein and the activities and character of the neighborhood in which the center is located. The district is established to encourage uses which have a high value per acre of land that will supplement the township's tax base. • Sec. 1301. - Principal uses permitted: In an IRO industrial research office district, 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.Any use charged with the principal function of basic research, design and pilot or experimental product development. 2.Office buildings for any of the following occupations: executive, administrative, professional, accounting, writing, clerical, stenographic, drafting and sales. 3.Data processing and computer centers, including service and maintenance of electronic data processing equipment. 4.Banks, credit unions, savings and loan associations. 5.Hospitals, clinics and medical offices; medical laboratories. 6.Motels or hotels. 7.Assembly halls, display halls, convention center or similar places of assembly when conducted completely within enclosed buildings. 8.Post offices. 9.State-licensed residential child and adult care facilities as provided for in section 2122. 10.Other uses similar to the above uses. 11.Municipal buildings and uses. 12.Accessory structures and uses customarily incident to the above permitted uses. (Ord. No. 99-205, 3-16-99)
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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