Prime Ann Arbor Commercial Development Opportunity
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Property Type:
|
Vacant Land
for Sale
Hospitality, Office, Retail
|
| Status: |
Sale Pending |
| Gross Land Area: |
2.48 Acres |
| Sale Price: |
$2,700,000 |
| Unit Price: |
$1,088,709 Per Acre |
| Adjacent Parcels Available: |
Yes |
| Sale Terms: |
Cash to Seller |
| Last Updated: |
5/16/2013 |
Located directly off Interstate 94 on one of the four major corridors into Ann Arbor, this location offers exceptional visibility and accessibility. This location has 2.48 acres; 200’frontage on State Street by 540’ deep. There is an existing curb cut on S. State and an access drive along the north side of the property serving three sites. The parcel is immediately across from Briarwood Mall, the only enclosed mall in the Ann Arbor area, and is within walking distance of 7 hotels (over 1000 rooms), restaurants, a concentration of Class A and B office buildings, and minutes from University of Michigan sporting events, entertainment, and medical facilities.
The site is planned for commercial redevelopment. The parcel is currently zoned M-1 based on its prior use. The existing two buildings totaling 23,322 sf are older and of no value to the redevelopment of the site. The site is master planned for C-3 Commercial, in line with adjoining properties and the general area. This is one of the last remaining sites
available for development in the Briarwood area. The 1.61 acre Burger King property adjoining to the south is also available including a lease to the Burger King franchise. Redevelopment of this additional site could provide access to Victors Way.
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| Nearest MSA: |
Ann Arbor |
| County: |
Washtenaw |
| Submarket: |
Washtenaw W of 23 |
| Tax ID Number/APN: |
09-12-09-200-010 |
| Zoning: |
C - 3 (COMMERCIAL) |
| Market Type: |
Medium |
| Property Located Between: |
I-94 and E. Eisenhower |
| Side of Street: |
West |
| Road Type: |
Paved, 2-Track |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
S. State Street |
| Feet of Frontage: |
200 |
| Traffic/Vehicle Count: |
31,873 |
| Transportation: |
Bus, Highway, Airport, Taxi |
| Highway Access: |
1/4 mile from I-94 access ramp, close proximity to US_23, M-14, US-12 |
| Airports: |
DTW, WILLOW RUN, ANN ARBOR, FLINT, TOLEDO |
| Site Description: |
2.48 acres. 200’ on State Street by 540’ deep. There is an
existing curb cut on S. State and an access drive along the
north side of the property serving three sites. |
| Area Description: |
Located directly off Interstate 94 on one of the four major
corridors into Ann Arbor, this location offers exceptional
visibility and accessibility. The parcel is immediately across
from Briarwood Mall, the only enclosed mall in the Ann Arbor
area, and is within walking distance of 7 hotels (over 1000
rooms), restaurants, a concentration of Class A and B office
buildings, and minutes from University of Michigan sporting
events, entertainment, and medical facilities. |
| Lot Frontage (Feet): |
200 |
| Lot Depth: |
540 |
| Zoning Description: |
Currently zoned M-1 (Light Industrial)
Master Plan zoning C-3 (Commercial)
City of Ann Arbor, Planning 734-794-6265 |
| Available Utilities: |
Electric, Water, Gas, Cable, Broadband, Other |
2010 CensusDemographic Statistics |
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,988 |
93,658 |
172,512 |
| Median Age: |
35.94 |
33.8 |
34.48 |
| Households: |
5,532 |
37,956 |
71,199 |
| More Demographic Statistics |
| Note: The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
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