Catylist ID:
#30671993
Redevelopment Opportunity!
Vacant Land
for Sale
Also listed as Multi-Family, Retail-Commercial
| Catylist Listing ID: | 30671993 |
| Property Subtypes: | Multi-Family, Residential (Single Family) |
| Gross Land Area: | 17.53 Acres |
| Sale Price: | $1,500,000 |
| Unit Price: | $85,567 Per Acre |
| In Opportunity Zone? | Yes |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 2/23/2021 |
Overview / Comments
|
Redevelopment opportunity! I-94 exposure with high traffic counts. Ypsilanti Township will re-zone for multi-family, senior housing or general commercial use. Surrounded by established neighborhoods, Ypsilanti, Eastern Michigan University. Convenient to US-12, I-94, Ann Arbor, U of M, Belleville, Detroit Metro Airport and surrounding communities. |
Attachments & Media
Additional Details
| Nearest MSA: | Ann Arbor |
| County: | Washtenaw |
| Submarket/Township: | Washtenaw E of 23 |
| Taxing Authority: | Ypsilanti Township |
| Tax ID/APN: | K -11-15-205-017, K -11-15-205-018 |
| Zoning: | B1 - LOCAL BUSINESS DISTRICT |
| Property Located Between: | S Grove Road & I-94 Service Drive |
| Property Visibility: | Excellent |
| Legal Description: | COMM AT THE NW COR SEC 15, TH N 88-58-09-E 1323.91 FT, TH S 1-45-30 E 654.98 FT, TH N 88-53-00 E 183 FT, TH N 1-45-30 W 125 FT, TH N 88-53-00 E 87 FT FOR A POB, TH N 88-53-00 E 797.68 FT,TH S 00-57-30 E 599.57 FT TH S 42-54-30 W 304.56 FT, TH N 47-5-30 W 153.50 FT, TH N 69-16-00 W 105.68 FT, TH S 71-45-30 W 342.14 FT, TH N 10-16-38 W 271.85 FT, TH N 1-45-30 W 504.94 FT TO THE POB. COMM AT THE NW COR SEC 15, TH N 88-58-019 E 1323.91 FT, TH S 1-45-30 E 654.98 FT FOR A POB, TH N 88-53-00 E 183 FT, TH N 1-45-30 W 125 FT, TH N 88-53-00 E 87 FT, TH S 1-45-30 E 504.94 FT, THS 10-16-38 E 271.85 FT, TH S 71-45-30 W 39.11 FT, THS 88-14-30 W 272.75 FT, TH N 1-45-30 W 662.91 FT TO THE POB. |
| Largest Nearby Street: | S Grove Road |
| Feet of Frontage: | 1,069 |
| Traffic/Vehicle Count: | 118,281 |
| Highway Access: | I-94 |
| Airports: | Willow Run, Detroit Metro & Ann Arbor Municipal |
| Lot Frontage: | 1069 |
| Lot Depth: | 800 |
| Zoning Description: | The B-1 local business districts, as herein established, are designed to meet the day-to-day convenience shopping and service needs of persons residing in immediately adjacent residential areas. |
| Development Name: | Gault Village |
| Topography: | Level |
| Easements: | Other |
| Easements Description: | provided with title commitment |
| Available Utilities: | Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 11,068 | 69,995 | 141,133 |
| Median Age: | 37.52 | 33.24 | 34.76 |
| Households: | 4,894 | 28,218 | 57,330 |
Contact
James H. ChaconasColliers InternationalCPIX Member |
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