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1879 W Michigan Ave 18.8 Acres of Industrial Land Offered at $375,000 in Ypsilanti, MI 48197
Investment Highlights
- Vacant Land - Estimated 6-8 acres are build-able
- Centrally located off US-23 EXIT 34
- Located in Ypsilanti Township at entryway to the City of Ypsilanti - home to Eastern Michigan University and St. Joe Mercy Hospital
- Direct access EXIT 181A off I-94
- Unique development opportunity for automotive, hospitality, light industrial, multi-family/residential, office, retail and more
Executive Summary
Ypsilanti Township recently updated its Master Plan and this property is centrally located in the Regional/Mixed Use Corridor of the newly formed Michigan Avenue Form Based Code District Plan.
The Michigan Ave. Regional/Mixed Use Corridor - Site Type D permitted use groups include Misc. Residential/Related Uses, Office/Institutional, Retail, Entertainment and Services and Light Industrial. Special use groups include Other Misc. and Automotive.
This is a unique development opportunity.
The Michigan Ave. Regional/Mixed Use Corridor - Site Type D permitted use groups include Misc. Residential/Related Uses, Office/Institutional, Retail, Entertainment and Services and Light Industrial. Special use groups include Other Misc. and Automotive.
This is a unique development opportunity.
Property Facts Under Contract
| Price | $375,000 | Property Subtype | Industrial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 18.80 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | FORM BASED | ||
| Price | $375,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | |
| Total Lot Size | 18.80 AC |
| Opportunity Zone |
Yes |
| Zoning | FORM BASED |
1 Lot Available
Lot
| Price | $375,000 | Lot Size | 18.80 AC |
| Price Per AC | $19,946.81 |
| Price | $375,000 |
| Price Per AC | $19,946.81 |
| Lot Size | 18.80 AC |
Gently sloping with wetlands in rear. Estimated 6-8 acres are build-able. Presumed building envelop and example site plan included in attachments.
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 11-39-350-027 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $100,800 |
Property Taxes
Parcel Number
11-39-350-027
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$100,800
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1879 W Michigan Ave