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    1124 Prospect St Ann Arbor, MI 48104

    Sponsored
    For Sale
    $950,000

    LAND - Ann Arbor, MI

    Lot size:
    0.15 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 8 at 2:06 pm

    Property Features for 1124 Prospect St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    09-09-33-234-036
    Lot size
    0.15 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    @propertiesChristie's Int'l AA (734) 237-6901

    Listing agent Jade Mazzola (734) 585-4038

    Listing date Jan 6, 2026

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Vacant Lot Near University Campus

    This vacant lot is located within walking distance of the University of Michigan's main campus and athletic fields. Situated in Ann Arbor's lucrative rental market, the parcel offers an opportunity for new construction in an area with limited land availability. Utilities are accessible at the street. The lot has a size of 0.15 acres and is ready for development. This property is located in Washtenaw County, Michigan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.734829
    Latitude
    42.267983

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    FAQs

    What type of property is this?
    Land - Rare vacant land parcel near University of Michigan campus.
    Where is this land located?
    The property is located at 1124 Prospect St Ann Arbor, MI.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Last remaining vacant lot in Ann Arbor's most lucrative rental market.; - Walking distance to University of Michigan main campus and athletic fields.; - Rare opportunity for new construction in an area with almost no available land.
    (734) 585-4038
    Request Owner's contact information
    1124 Prospect St Ann Arbor, MI 48104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1124 Prospect St Ann Arbor, MI 48104
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