Mixed-Use Development

Vacant Land for Sale
Catylist Listing ID: 29685175
Property Subtypes: Hospitality, Office, Retail
Gross Land Area: 4.68 Acres
Sale Price: $495,000
Unit Price: $105,769 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/13/2020

Overview / Comments

A corner lot (4.68 acres), zoned mixed-use, which fronts on State St. in 140-acre Avis Farms South Business Park. Situated in front of Thomson Reuter's building, which is the principal tenant at Avis South.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: Pittsfield Township
Tax ID/APN: L-12-28-210-001
Market Type: Medium
Property Located Between: Textile Road and Michigan Avenue
Side of Street: East
Road Type: Paved
Property Visibility: Excellent
Legal Description: M.D. L3971 P461 Unit 1 Avis South Condominium Split on7/27/2001 from L-12-28-100-002 L-12-28-200-001.
Largest Nearby Street: State St.
Feet of Frontage: 385
Transportation: Highway
Highway Access: Located 3 miles south of I-94 expressway; 1/2 mile north of US-12 (Michigan Ave.).
Airports: Ann Arbor Airport, 2 miles north; Detroit Wayne County Intnl Airport, 25 miles east.
Site Description: A 4.68 acre corner lot (Unit 1) with 385 feet of frontage on S. State Street. Township Master Plan calls for mixed-use and business district zoning on the parcel. The north half is currently under agricultural use; the southern portion is populated by a number of mature, landmark trees.
Area Description: Avis Farms South was established as an extension of Avis Farms business park in 2001. It encompasses 140 acres, and is situated two miles south of the Ann Arbor Airport and 3 miles south of I-94 expressway. US-12 (Michigan Ave.) is ½ mile south.
Lot Frontage: 385
Lot Depth: 213
Zoning Description: Mixed-Use & Business District (Pittsfield Township) See attached PDF files for detailed descriptions of the two zoning categories.
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,525 32,817 110,729
Median Age: 36.36 37.78 37.13
Households: 2,810 12,718 47,134


Photograph of Listing Agent

Bill Milliken, CIPS, CCIM

Milliken Realty Company CPIX Member
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