Contacts

Dan Stewart, CCIM

SVN | Stewart Commercial Group

Property Details

Property Type VacantLand
Lot Size 3.31 Acre
Additional Rent Contact for pricing
Date Updated Dec 11, 2024

This 3.31 acres of land is located between East Cross Street and East Michigan Avenue 2.5 Miles away from I-94 and US 12, making this land easily accessible to other neighboring cities.Vacant Land in a Qualified Opportunity Zone (QOZ). Opportunity Zones are designed to spur economic development by providing tax benefits to investors. Opportunity Zones allow investors to temporarily defer or permanently exclude capital gains that are reinvested with a specific time frame. This is a great opportunity for a Multi-Family or Assisted Living development. The current zoning allows for density of up to 20 units. The Student population in the area is high, as Eastern Michigan University is Two Miles East and the University of Michigan is only 10 Miles West. Also, by 2020 the 65 years or older population will reach 18,271 that is 15.6% of the population that will need to plan for housing or care with the area. This is a terrific location for development to fit the needs of these two growing populations. There is an adjacent 6.59 acre parcel available for-sale at 915 E. Michigan Ave. that may be assembled into a 9.9 acre parcel subject to compliance with Ypsi Twp Zoning Ordinance and Michigan Plat Act. It is recommended that the buyer consult with an attorney before closing.

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Highlights

Qualified Opportunity Zone
Walking distance to historic Depot Town
Close proximity of two Universities
Eight Miles from Downtown Ann Arbor
Quick and Easy Freeway Access
Less than 6 Miles away from U of M Hospital and St. Joseph Mercy Hospital
May be combined with 915 E. Michigan Ave for a total of 9.9 acres providing access to Cross St and Michigan Ave.

Getting around

48/100
Walk Score ®
48/100
Bike Score ®

Powered by Walk Score ®

City Ypsilanti, MI
Zip Code 48198
Market Detroit

Points of Interest

Ann Arbor

8.16 miles

Boggs

0.45 miles
Mobil

0.49 miles
Speedway

0.55 miles
Sunoco

0.76 miles
BP

0.82 miles
Fran's Gas

0.88 miles
Citgo

0.91 miles
Electrify America

3.04 miles
Tesla Supercharger

4.41 miles
ChargePoint

6.27 miles

Sill Lot

1.30 miles
Alexander Lot (Pay)

1.32 miles
Ford Lot

1.37 miles
Pease Lot

1.38 miles
611 W. Cross Lot

1.40 miles
Ann Street Lot

1.42 miles
Bowman-Roosevelt Lot

1.47 miles
Normal Street Lot

1.52 miles
Snow Lot

1.56 miles
Physical Plant Lot

1.56 miles

Harmony House

0.43 miles
Ann Arbor Marriott Ypsilanti at Eagle Crest

1.80 miles
Fairfield Inn & Suites Ann Arbor Ypsilanti

1.89 miles
A Victory Inn & Suites

4.79 miles
TownePlace Suites Detroit Belleville

5.47 miles
Red Arrow Motel

5.58 miles
Comfort Inn

5.66 miles
Super 8 by Wyndham Belleville

5.77 miles
Red Oak Inn

5.79 miles
The University Inn Ann Arbor

6.09 miles

La Casa Latina

0.68 miles
La Espiga Dorada Market

0.72 miles
Ypsilanti Food Co-op

0.73 miles
Shoppers Marketplace

0.96 miles
Kroger

1.00 miles
Dos Hermanos Market

1.26 miles
Coleman’s Farm Markets

2.21 miles
Alez Market

2.86 miles
Sahara Market

3.06 miles
Target

4.29 miles

In-Depth Research Available for this Property

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