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

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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

Photograph of Listing Agent

James H. Chaconas

Colliers International
CPIX Member
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