Ypsilanti Vacant Commercial Lot for Sale

Vacant Land for Sale
Catylist Listing ID: 1909395
Property Subtypes: Office, Retail, Other
Gross Land Area: 0.47 Acres
Sale Price: $199,000
Unit Price: $423,404 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/13/2021

Overview / Comments

Vacant lot with commercial development potential.

Zoned for retail, service or office providing professional services such as insurance or banking. Excellent visibility located half mile to I-94 on/off Michigan Avenue interchange. Michigan Ave/US12 is one block away with 35,000 VPD.

Lot frontage 118' with 173' of depth.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Taxing Authority: Ypsilanti Township
Tax ID/APN: K-11-39-252-008
Zoning: B3 GENERAL COMMERCIAL
Market Type: Medium
Property Located Between: E. Ellsworth & Michigan Ave.
Side of Street: East
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: U.S.12/Michigan Ave.
Feet of Frontage: 118
Traffic/Vehicle Count: 17,000
Highway Access: I-94 on/off Michigan Ave. exit less than one-half mile. Michigan Ave./US12 BR w/35,000 vpd is 1-block away.
Site Description: Vacant lot. Previously used for residential.
Area Description: Core business intersection includes new Dunkin Donuts, grocery store, Walmart and many other retail and service related businesses. Heavy use east-west and north-south traffic corridors for "going to & coming home" traffic.
Lot Frontage: 118
Lot Depth: 173
Zoning Description: B3 - General Commercial. 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: Gently Sloping
Easements Description: Triangle Park 15' wide unused easement between 639 & 653 S. Hewitt properties.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,635 76,541 174,896
Median Age: 33.59 33.53 32.76
Households: 4,156 31,986 68,443

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