Industrial / Multi-family / Hospitality Use Vacant Land for Sale

Vacant Land for Sale
Also listed as Industrial, Multi-Family
Catylist Listing ID: 29925542
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Other
Gross Land Area: 15.25 Acres
Sale Price: $42,000 Per Acre
Total Price: $640,500
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/27/2017

Overview / Comments

Property has easy access I-94 at M-52 (Main Street) exit and good proximity to downtown Chelsea. For industrial, multi-family or hospitality use. Previously site planned for five 15,000 SF commercial buildings or 41 residential development sites. Purchase price includes 17 prepaid sewer taps valued at $68,000 and 22 prepaid water taps valued at $88,000 through Sylvan Township. Additional .023 acre vacant lot (F -06-13-300-014) at corner of Brown Drive and Pielemeier included in sale as well.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: Sylvan Township
Tax ID/APN: F-06-13-300-027
Zoning: MF, GC, LC, HC, I
Property Located Between: Main Street and I-94
Property Visibility: Fair
Largest Nearby Street: I-94
Highway Access: I-94 at M-52 (Main Street)
Airports: DTW, Jackson, Lansing
Site Description: Proposed Office/Industrial/Multi family/Residential development/Hospitality
Area Description: Sylvan Township
Zoning Description: Industrial, General Commercial, Local Commercial, Highway Commercial, Multi Family which also allows for hospitality, office and residential development use.
Part of Planned Development?: Yes
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,439 7,800 12,920
Median Age: 54.31 45.67 44.52
Households: 757 3,324 5,126

Source

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