Whittaker Road Development Site | Commercial & Office

Vacant Land for Sale
Also listed as Retail-Commercial, Office
Catylist Listing ID: 30458748
Property Subtypes: Office, Retail
Gross Land Area: 4 Acres
Sale Price: $740,000
Unit Price: $185,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/19/2019

Overview / Comments

Two adjacent parcels on busy Whittaker Road. Value is in the land for redevelopment - local commercial or office use. Master plan is "neighborhood corridor". Rezoning will be required.

Each parcel currently has a rental home. Two homes (1,275 SF and 1,522 SF) are fully occupied with monthly income at $2,500 total, month-to-month leases.

Level lots with no wetlands. Public utilities are available.

Excellent redevelopment area amidst retail, restaurants, grocery stores and neighborhoods. South of I-94, Ford Lake and Ypsilanti.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw E of 23
Taxing Authority: Ypsilanti Township
Tax ID/APN: K -11-21-200-018 & -019
Zoning: PLANNED LOCAL COMMERCIAL / OFFICE
Property Located Between: Huron River Drive and Stony Creek
Property Visibility: Excellent
Legal Description: On file, see agent. Part of Section 21 Ypsilanti Township - metes and bounds.
Largest Nearby Street: Whittaker
Feet of Frontage: 216
Highway Access: Less than one mile from I-94.
Airports: Detroit, Ann Arbor, Willow Run
Site Description: Level lots with no wetlands.
Area Description: Ypsilanti Township (Y-Town), located east of Ann Arbor, is the largest township in Washtenaw County and the seventh largest in the State of Michigan. Y-Town has over 53,000 residents and spans 32 square miles with close proximity to Detroit, Detroit Metropolitan and Willow Run Airports, Eastern Michigan University, and the University of Michigan. Y-Town has partnered with the Michigan Economic Development Corporation, Ann Arbor SPARK, Michigan Small Business Development Center and the Ann Arbor/Ypsilanti Regional Chamber of Commerce, to guide our community in economic development and community growth. We have the benefit of sharing the community vibe, recreation, culinary and arts scene of the City of Ypsilanti as well as Ann Arbor as a progressive, vibrant and growing area.
Lot Frontage: 216
Lot Depth: 830
Zoning Description: Master planned "neighborhood corridor" which is local commercial and office zoning.
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: 8,007 75,294 138,304
Median Age: 34.1 33.69 34.62
Households: 2,783 30,098 56,308

Contact

Photograph of Listing Agent

David L. Hamilton, CCIM

Swisher Commercial CPIX Member
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