978 East Cross St Ypsilanti, MI 48198
Property Features for 978 East Cross St
General Information
- Lot size
- 3.31 Acres
Source:
Svna2
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 3.31-acre vacant land parcel 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 convenient access to neighboring cities. The property is within walking distance of historic Depot Town, close to two universities, eight miles from Downtown Ann Arbor, and less than six miles from U of M Hospital and St. Joseph Mercy Hospital. The current zoning allows for a density of up to 20 units, making it suitable for multi-family or assisted living development. Eastern Michigan University is two miles east, and the University of Michigan is ten 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 915 E. Michigan Ave for a total of 9.9 acres providing access to Cross St and Michigan Ave.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Ypsilanti
- County
- Washtenaw
- State
- Michigan
- Longitude
- -83.6289151
- Latitude
- 42.2457569
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 3.31 acres in Qualified Opportunity Zone near universities.
Where is this commercial 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 for investors.; - Zoning allows for **high-density development of up to 20 units**, ideal for multi-family or assisted living projects.; - Close proximity to Eastern Michigan University (2 miles) and the University of Michigan (10 miles) caters to a large student population.
