Prime Commercial Corner w/Assemblage for Sale in Ypsilanti

Vacant Land for Sale
Sale Pending
Also listed as Retail-Commercial
Catylist Listing ID: 1903593
Property Subtypes: Office, Retail
Status: Pending
Gross Land Area: 0.77 Acres
Sale Price: $450,000
Unit Price: $584,415 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/17/2020

Overview / Comments

Prime Commercial Corner for BANK, PHARMACY, FAST-FOOD, ETC. Potential four property assemblage up to 4.17 acres. Combined 400' frontage on S. Hewitt and 386' frontage on E. Ellsworth. Additional property addresses include 639 S. Hewitt, 653 S. Hewitt and 2105 E. Ellsworth.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Taxing Authority: Ypsilanti Township
Tax ID/APN: K-11-39-252-007
Market Type: Medium
Property Located Between: SEC South Hewitt and E Ellsworth Rd
Side of Street: South
Road Type: Highway
Property Visibility: Excellent
Largest Nearby Street: U.S. 12/Michigan Ave.
Feet of Frontage: 181
Traffic/Vehicle Count: 17,000
Highway Access: I-94 on/off Michigan Avenue exit less than one-half mile. Michigan Ave./US12 BR w/35,000 vpd is 1-block away.
Site Description: Currently a residential property zoned "B3 Commercial". House is a tear down for development purposes only.
Area Description: Core business intersection includes new Dunkin Donuts, grocery store, Walmart, and may other service related businesses. Heavy use east-west and north-south corrridors for "going to & coming home" traffic.
Lot Frontage: 181
Lot Depth: 226
Zoning Description: B3 - General Commercial
Topography: Gently Sloping
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,635 75,520 174,896
Median Age: 33.59 33.36 32.76
Households: 4,156 31,590 68,443


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