985 E Cross St Ypsilanti, MI 48197
Vacant land suitable for multi-family or assisted living development.
Lot size:
3.31 AcresProperty Features for 985 E Cross St
General Information
- Lot size
- 3.31 Acres
Source:
Moodyscre
Listing Agent: Dan Stewart, Ccim
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Vacant Land in Opportunity Zone
This vacant land is located in a Qualified Opportunity Zone (QOZ), designed to spur economic development through tax benefits for investors. This location presents a great opportunity for multi-family or assisted living development. The property is near Eastern Michigan University, located two miles east, and the University of Michigan, which is ten miles west, making it suitable for student housing. The area's population of individuals 65 years or older is projected to reach 18,271 by 2020, representing 15.6% of the population, indicating a need for housing and care facilities. An adjacent 6.59-acre parcel at 915 E. Michigan Ave. is also available for sale, potentially creating a combined 9.9-acre parcel, subject to compliance with Ypsilanti Township Zoning Ordinance and the Michigan Plat Act. Buyers should consult with an attorney before closing.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Ypsilanti
- County
- Washtenaw
- State
- Michigan
- Longitude
- -83.5938809
- Latitude
- 42.2465537
Nearby Similar for Sale
FAQs
What type of property is this?
Land - Vacant land suitable for multi-family or assisted living development.
Where is this land located?
The property is located at 985 E 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 potential tax benefits for investors.; - Ideal for Multi-Family or Assisted Living development.; - High student population due to proximity to Eastern Michigan University (2 miles) and University of Michigan (10 miles).