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978 East Cross St Ypsilanti, MI 48198

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For Sale
$330,000

3.31 acres of vacant land in a Qualified Opportunity Zone.

Property size:
3 SF
Lot size:
3.31 Acres

Property Features for 978 East Cross St

General Information

Size
3 SF
Lot size
3.31 Acres

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Listing Contact
Dan Stewart
Dan Stewart
Source: Svn

Listing Agent: Dan Stewart

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Vacant Land in Opportunity Zone

This 3.31-acre parcel of vacant land is situated in a Qualified Opportunity Zone (QOZ), designed to encourage economic development through tax benefits for investors. The location is between East Cross Street and East Michigan Avenue, approximately 2.5 miles from I-94 and US 12, providing accessibility to neighboring cities. The property is within walking distance of historic Depot Town, close to two universities, and eight miles from downtown Ann Arbor. It is also less than 6 miles from U of M Hospital and St. Joseph Mercy Hospital. The current zoning allows for a density of up to 20 units, presenting a development opportunity for multi-family or assisted living facilities. Eastern Michigan University is two miles east, and the University of Michigan is only 10 miles west, indicating a substantial student population in the area. By 2020, the population aged 65 years or older is projected to reach 18,271, representing 15.6% of the population, suggesting a need for housing or care facilities. The property may be combined with an adjacent 6.59-acre parcel at 915 E. Michigan Ave, potentially creating a 9.9-acre parcel, subject to compliance with Ypsilanti Township Zoning Ordinance and the Michigan Plat Act.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

  • Map
  • Local Demand
City
Ypsilanti
County
Washtenaw
State
Michigan
Longitude
-83.6289151
Latitude
42.2457569

FAQs

What type of property is this?
Land - 3.31 acres of vacant land in a Qualified Opportunity Zone.
Where is this land located?
The property is located at 978 East Cross St Ypsilanti, MI.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: - Located in a Qualified Opportunity Zone (QOZ) offering significant tax benefits.; - Zoning allows for high-density development, up to 20 units.; - Proximity to Eastern Michigan University (2 miles) and the University of Michigan (10 miles) caters to student housing demand.
More about this property
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