Multi-Family Development
For Sale
Contact for pricing
1500 N Prospect Rd Superior Twp, Ypsilanti, MI 48198
24-unit development site with existing foundations and utilities.
Property Size169,000 SF
Lot Size3.88 Acres
Price / SF$5.03
Days on Market141
Property Features for 1500 N Prospect Rd Superior Twp
General Information
Standard status
Active
Size
169,000 SF
Class
B
Lot size
3.88 Acres
Property subtype
Land, Multifamily
Zoning
PC / R-7 (Multiple Family Residential)
Investment Type
Redevelopment
Building Details
Buildings
3
Stories
2
Units
24
Listing Agency:
Toman & Co.
Listed By:
Team Toman · License #MI
Source:
Crexi
Added: Mar 23
Changed: Aug 8
Last Checked: Jul 16 at 9:17AM
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 Toman & Co.
Investment Insights
Based on property information with market context.
This is a 24-unit multi-family development opportunity located in Superior Township within Washtenaw County. The site features existing concrete foundations and slabs in place. Direct access to public water and sanitary sewer has been brought to the site. The development is strategically positioned just minutes from major economic drivers, including Hyundai America Technical Center, Trinity Health Ann Arbor, and the University of Michigan. The project is designed for three buildings totaling 24 units, with layouts consisting of two-bedroom, two-bathroom units with dens, along with private patios or decks and detached garages. Situated on approximately 3.88 acres and zoned Planned Community (PC) / R-7 Multi-Family, this is a partially improved development site in a stable and growing market.
Key Highlights
- Existing concrete foundations and slabs significantly reduce upfront construction costs and accelerate timelines.
- Direct access to public water and sanitary sewer provides full utility connectivity.
- Strategically located minutes from major economic drivers ensuring strong rental demand.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Explore this area
Business Placement
Demographics for 48198, MI
40,067
Population
17,379
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
92%
High-School Grad
33.4 sq mi
ZIP Area
1,200
Density / Sq Mi
$63,678
Median Household Income
$36,671
Median Earnings
$1,197
Median Rent
$178,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 24-unit development site with existing foundations and utilities.
Where is this land located?
The property is located at 1500 N Prospect Rd Superior Twp Ypsilanti, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Existing concrete foundations and slabs significantly reduce upfront construction costs and accelerate timelines.; Direct access to public water and sanitary sewer provides full utility connectivity.; Strategically located minutes from major economic drivers ensuring strong rental demand.
