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985 E Cross St Ypsilanti, MI 48197

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For Sale
$330,000

Vacant land suitable for multi-family or assisted living development.

Lot size:
3.31 Acres

Property 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

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Ypsilanti
County
Washtenaw
State
Michigan
Longitude
-83.5938809
Latitude
42.2465537

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).
More about this property
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