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Vacant Residential Development Lot
For Sale
$950,000

1124 Prospect Street, Ann Arbor, MI 48104

Vacant parcel with utilities at the street, positioned near the University of Michigan main campus and athletic fields.

Property Size6,600 SF
Price / SF$143.94
Days on Market287

Property Features for 1124 Prospect Street

General Information

Standard status Active
Size 6,600 SF
Property subtype Land / Multi Family
Zoning R4C

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $1,094

Amenities

0.0
Paved, Public
Listing Agency: @properties Christie's Int'lAA
Listed By: Jade Mazzola · License #6501383257
Source: Compass
Added: Oct 28, 2025 Changed: Aug 8 Last Checked: Aug 8 at 4:44PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @properties Christie's Int'lAA

Investment Insights

Based on property information with market context.

This for-sale vacant development lot offers the opportunity to build new construction on a single parcel. The property includes utilities at the street and is described as ready for your vision.

The site is located in Ann Arbor and is positioned close to the University of Michigan main campus and athletic fields. The listing notes it is the last remaining vacant lot in this area, where available land is described as nearly nonexistent.

Key Highlights

  • Vacant parcel ready for new construction
  • Utilities are at the street
  • Paved, public street access

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Nail Salon (Bike/Boat/Book/etc) Store Accounting Firm Big Box & Wholesale Store Daycare Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,157
Businesses Nearby

Demographics for 48104, MI

41,588
Population
19,173
Households
2.2
Avg Household Size
27
Median Age
82%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
5,332
Density / Sq Mi
$63,341
Median Household Income
$16,073
Median Earnings
$1,548
Median Rent
$481,600
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Vacant parcel with utilities at the street, positioned near the University of Michigan main campus and athletic fields.
Where is this residential land & home lot located?
The property is located at 1124 Prospect Street 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: Vacant parcel ready for new construction; Utilities are at the street; Paved, public street access
More about this property
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