Shovel - ready Development Opportunity for Sale in Dexter

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 29893236
Property Subtypes: Multi-Family, Office, Retail, Retail-Pad
Status: Pending
Gross Land Area: 0.35 Acres
Sale Price: $950,000
Unit Price: $2,714,285 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/20/2017

Overview / Comments

Shovel ready downtown Dexter development site. Former building demolished and removed. All utilities present including: storm/sanitary sewer, water, cable, and phone ready. Clean environmental status. Rough graded to elevation of site-plan. Stone base staging area through-out. Site fronts onto new Mill Creek Park with great views and multi park bike and running trail.

Current site plan for a 27,494 sf, three story building is approved through 2020. Mixed use zoning for possible office, retail, or multi-family uses.

Owner has architectural, structural, mechanical, electrical drawings completed. Residential, office, retail/restaurant lay-outs and civil planning finished. Legal work for Mill Creek Terrace Development LLC, Association & condominium documents also finalized.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: City of Dexter
Tax ID/APN: HD0806210007
Property Located Between: Forest and Main
Property Visibility: Good
Legal Description: COM AT SE COR OF "PLAT OF EAST SIDE OF BLOCK 18 VILLAGE OF DEXTER"; TH N 47-00-00 W 110.34 FT ALG SW'LY ILNE OF SAID PLAT, ALSO BEING THE NE'LY RIGHT OF WAY LINE OF FOREST ST (99' WIDE) TO POB; TH N 47-00-00 W 28.39 FT ALG SAID PLAT LINE & R.O.W. LINE; TH N 76-09-04 W 26.72 FT; TH N 13-50-56 E 12.66 FT; TH N 76-09-04 W 26.53 FT; TH N 13-50-56 E 8.96 FT; TH N 76-09-04 W 24.57 FT; TH N 13-50-56 E 118.33 FT; TH S 76-09-30 E 38.67 FT; TH N 21-17-08 E 11.14 FT ALG W/LY LINE OF LOT B OF SAID PLAT; TH S 59-29-41 E 82 FT ALG N'LY LINE OF SAID LOT B; TH S 22-47-18 W 46.81 FT; TH S 55-10-03 E 7.67 FT ALG N'LY LINE OF LOT C OF SAID PLAT; TH S 23-38-52 W 93.71 FT TO POB. .35 AC, T2S, R5E. SPLIT ON 02/17/2009 FROM HD-08-06-210-007, HD-08-06-210-006, HD-08-06-210-050; (PT OF FOREST ST R.O.W.; PT. HD-08-06-210-050; PT. 20' WIDE ALLEY; HD-08-06-210-006 & HD-08-06-210-007).
Largest Nearby Street: Main
Feet of Frontage: 140
Highway Access: I-94, US-23, M-14
Airports: DTW, ANN ARBOR
Area Description: Fronts onto New Mill Creek Park, downtown Dexter
Lot Frontage: 140
Lot Depth: 114
Development Name: Mill Creek Terrace
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,002 11,655 31,698
Median Age: 41.39 40.75 42.49
Households: 462 4,277 11,947
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