10 Acres Vacant Commercial Land Zoned B-3 Ypsilanti

Vacant Land for Sale
Catylist Listing ID: 30744315
Property Subtypes: Hospitality, Industrial, Office, Retail, Retail-Pad, Other
Gross Land Area: 10.20 Acres
Sale Price: $2,000,000
Unit Price: $196,078 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/22/2021

Overview / Comments

B-3 Zoned 10.29 acres just south of I-94 on Huron bordering Eastern Michigan University's Eagle Crest Golf Course. Excellent development area amidst retail, restaurants, grocery stores and neighborhoods. West of Ford Lake and south of Ypsilanti. Minutes from Willow Run Airport.

Land is currently zoned B3; General Business District. Permitted uses include: Retail, personal service, general office, medical office/clinic/urgent care, restaurant, hotel, house of worship, general assembly hall, private club, fitness/indoor recreation. Special uses include: auto/truck wash, service station, minor auto repair drive through restaurant. See attached zoning uses.

Financials

Finance Data Year 2020
Assessed Value - Total($) $570,600 (Annual)
Real Estate Taxes - Annual($) $6,946 (Annual)

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Taxing Authority: Ypsilanti Township
Tax ID/APN: K-11-16-360-006 & K-11-16-360-005
Zoning: B3 YPSILANTI TOWNSHIP
Property Located Between: Joe Hall and Brinker Way
Property Visibility: Excellent
Legal Description: LOT 6 1.96 AC & LOT 5 8.33 AC. HURON CENTER COMMERCIAL AND OFFICE PARK SUBDIVISION.
Largest Nearby Street: Huron
Feet of Frontage: 489
Highway Access: I-94
Airports: Willow Run, Ann Arbor, DTW
Area Description: Ypsilanti Township (Y-Town), located east of Ann Arbor, is the largest township in Washtenaw County and the seventh largest in the State of Michigan. Y-Town has over 53,000 residents and spans 32 square miles with close proximity to Detroit, Detroit Metropolitan and Willow Run Airports, Eastern Michigan University, and the University of Michigan. Y-Town has partnered with the Michigan Economic Development Corporation, Ann Arbor SPARK, Michigan Small Business Development Center and the Ann Arbor/Ypsilanti Regional Chamber of Commerce, to guide our community in economic development and community growth. We have the benefit of sharing the community vibe, recreation, culinary and arts scene of the City of Ypsilanti as well as Ann Arbor as a progressive, vibrant and growing area.
Lot Frontage: 489.64
Lot Depth: 2212.37
Zoning Description: Land is currently zoned B3; General Business District. The B-3 general business districts are designed to provide sites for more diversified business types which would often be incompatible with the pedestrian movement in the local business district or the community business district. • Sec. 1101. - Principal uses permitted: • In a general business 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 retail business or service establishment permitted in B-1 and B-2 districts as principal uses permitted, subject to the regulations applicable in the following sections of this ordinance. 2.Any retail business or service establishment permitted and as regulated in B-1 and B-2 districts as uses permitted subject to special conditions. 3.Bus passenger stations. 4.New and used car salesroom, showroom or office. 5.Other uses similar to the above uses. 6.Other structures customarily incident to the above permitted uses. 7.Secondhand apparel businesses whose principal activity is devoted to the sale of secondhand apparel. Pawnbrokers, secondhand dealers, and junk dealers are not uses permitted under this section. (Ord. No. 97-169, 6-17-97)
Topography: Level
Soil Type: Loam
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,900 82,235 139,131
Median Age: 31.87 33.02 34.8
Households: 2,729 33,926 56,788

Contact

Photograph of Listing Agent

David L. Hamilton, CCIM

Swisher Commercial CPIX Member
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