Vacant Land in Ypsilanti for Sale - Michigan Ave Frontage

Vacant Land for Sale
Catylist Listing ID: 2153834
Property Subtypes: Retail
Gross Land Area: 0.33 Acres
Sale Price: $49,000
Unit Price: $148,484 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2019

Overview / Comments

City of Ypsilanti owned property, not assessed. Nice commercial lot on Michigan Ave. US-12 one block east of the Water Street Project. The zoning is general corridor (GC), which allows for most commercial uses. The lot runs from Michigan Ave back to Parsons Street, with no curb cut on Michigan Ave, access is available from Parsons Street. The small building on the west edge of the frontage is not part of the property, being a 15’ wide by 51’ deep exception. The billboard lease is $2,000 per year and ends in 2022 and will not be renewed, the City wants it removed.

All utilities available.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Taxing Authority: City of Ypsilanti
Tax ID/APN: 11-11-09-190-004
Zoning: GC - GENERAL CORRIDOR
Property Located Between: Park & Grove
Legal Description: REWRITE PER WD L2455 P174 YPC 2E-46 LOT 213 EXC W 15 FT OF N 50 FT THEREOF ORIGINAL PLAT, ALSO S 16.5 FT OF VACATED HWY N OF ABOVE DESC.
Largest Nearby Street: US-12 / Michigan Avenue
Feet of Frontage: 66
Highway Access: I-94, US-12
Airports: DTW, ANN ARBOR
Site Description: Approx. 66' x 231'
Area Description: Ypsilanti is a progressive city with a great community vibe and arts scene. Ypsilanti has the second largest contiguous historic district in the state of Michigan which includes both downtown Ypsilanti, along Michigan Avenue, and the Depot Town area adjacent to Frog Island Park and Riverside Park, which features many specialty shops, bars and grills, and a farmers' market. The history of Ypsilanti is still present and vibrant in today’s shops, dining and entertainment scene. With the Downtown and Depot Town districts only minutes apart they utilize their beautifully preserved historic areas to add interest to the variety of cultures present in the art, music and shopping. Ypsilanti is home to Eastern Michigan University and expands beyond the downtown districts to include 23,000+ acres of public park and recreation areas that help make up the Washtenaw County area. You’re just minutes from town and can find golfing, mountain biking, canoeing, hiking or natural scenery to relax in. Alternatively, you can travel to neighboring Ann Arbor (6 miles west of Ypsilanti) or Detroit (18 miles east of Ypsilanti) for sporting events, concerts and cultural excursions.
Lot Frontage: 66
Lot Depth: 231
Zoning Description: General Corridor, City of Ypsilanti: General Corridor (GC). General corridors are located along roads with heavy traffic and have commercial establishments, restaurants, offices, and other businesses that are geared toward automobile traffic. Multiple-family residential building types and uses are appropriate in this district.
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,930 67,149 138,782
Median Age: 34.14 33.03 34.72
Households: 6,889 28,176 56,663

Contact

Photograph of Listing Agent

David L. Hamilton, CCIM

Swisher Commercial CPIX Member
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