Clark Road Development Site

Vacant Land for Sale
Catylist Listing ID: 2151044
Property Subtypes: Multi-Family, Office
Gross Land Area: 17.48 Acres
Sale Price: $4,800,000
Unit Price: $274,599 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/10/2019

Overview / Comments

This site was planned for 153,000 SF medical professional offices. Limited retail and multi-unit residential zoning may be possible. Last large remaining parcel close to St. Joseph Mercy Hospital and Washtenaw Community College. Spectacular 17 acre parcel, directly adjacent on the west and south side of IHA. Copy of expired plans can be viewed in listing office.
Property may be split. Call for more details!

Financials

Finance Data Year 2012
Assessed Value - Total($) $641,700 (Annual)
Real Estate Taxes - Annual($) $15,503 (Annual)
Finance Data Year 2011
Assessed Value - Total($) $641,700 (Annual)
Real Estate Taxes - Annual($) $15,503 (Annual)
Finance Data Year 2010
Assessed Value - Total($) $641,700 (Annual)
Real Estate Taxes - Annual($) $15,503 (Annual)

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Taxing Authority: Pittsfield Township
Tax ID/APN: L-12-01-100-005/006/007/020
Zoning: PUD
Market Type: Medium
Property Located Between: Clark Road and Golfside Road
Side of Street: Southwest
Property Visibility: Excellent
Legal Description: Commencing at the N 1/4 Corner of Section 1, T3S, R6E, Pittsfield Township, Washtenaw County, Michigan, ...to the point of Beginning. Being a part of the Northeast 1/4 of Section 1, T3S, R6E Pittsfield Township, Washtenaw County, Michigan and containing 17.48 acres more or less.
Largest Nearby Street: Clark Road
Feet of Frontage: 520
Transportation: Bus, Highway
Airports: Ann Arbor Airport, Willow Run, and Detroit Metro
Site Description: Total site to be developed as professional office buildings with a mixture of tenants as allowed by PUD zoning and office use. The convenience center shall be of a retail and service nature for employees and customers of the permitted office complex. Examples of such could include, but not be limited to: sandwich shop, newspaper and magazines sales, overnight delivery drop, and office supplies.
Area Description: Parcel is "L" shaped with 519.27 feet frontage on Clark Road. East side of Northern Development is 629.22 feet bordering the western side of IHA. In the Southern Development 752.08 feet borders the southern side of IHA, with 327.28 feet of frontage on Golfside Road. The southern side of the Southern Development is 1,340.63 feet. The western side of the entire parcel is 956.45 feet, back to Clark Road.
Lot Frontage: 520
Lot Depth: 956
Zoning Description: PUD - Professional Office and small retail center for us of employees and customers of permitted office complex.
Development Name: Clark Road Office Center
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,127 77,651 192,135
Median Age: 29.02 33.45 33.04
Households: 4,529 33,030 78,756

Contact

Photograph of Listing Agent

James H. Chaconas

Colliers International
CPIX Member
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