Redevelopment Opportunity!
Vacant Land
for Sale
Also listed as Multi-Family, Retail-Commercial
| Catylist Listing ID: |
30671993 |
| Property Subtypes: |
Multi-Family, Residential (Single Family), Other
|
| Gross Land Area: |
13.05 Acres
|
| Sale Price: |
$1,500,000 |
| Unit Price: |
$114,942 Per Acre |
| In Opportunity Zone? |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/13/2021 |
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.
|
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 |
| 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 THEPOB |
| Largest Nearby Street: |
S Grove Road |
| Traffic/Vehicle Count: |
118,281 |
| Highway Access: |
I-94 |
| Airports: |
Willow Run, Detroit Metro & Ann Arbor Municipal |
| Lot Frontage: |
798 |
| 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 |
|
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