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    810 Roundtree Blvd Ypsilanti Charter Township, MI 48197

    Sponsored
    For Sale
    $850,000

    8.24 Acres, Prime Multi-Family Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 8.24-acre parcel presents a remarkable opportunity for multi-family development in the desirable Ypsilanti Charter Township, Michigan. Zoned RM-MD, this property comprises two contiguous parcels (APN: K -11-18-200-006, K -11-18-200-005), ideally situated at 810 Roundtree Blvd, 48197. The land boasts convenient access to major thoroughfares, including E Ellsworth Road, I-94, Washtenaw Avenue, and Stadium Boulevard, ensuring effortless connectivity. Its strategic location places it within close proximity to prominent educational institutions such as Eastern Michigan University, Washtenaw Community College, Concordia University, and the University of Michigan, creating a strong potential tenant base. All utilities are available on-site, simplifying the development process. The property is nestled within established residential communities, Roundtree Apartments and Roundtree Condominiums, providing a context of successful existing development. This presents a compelling investment opportunity for developers seeking to capitalize on the high demand for multi-family housing in this thriving area. The asking price for this exceptional development site is $850,000. This is a medium-density land opportunity not to be missed.

    Property Features for 810 Roundtree Blvd

    General Information

    Property type
    Land
    Lot Size
    358,934 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ypsilanti Charter Township
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.661549408095
    Latitude
    42.227175085192

    Nearby Comparable

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      Prime Commercial Land Opportunity

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      Ypsilanti Commercial Land - $1.6M

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    • $975,000
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      Ypsilanti Commercial Land - 3.59 Acres

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    • $550,000
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      Ypsilanti Commercial Land - $550K

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    FAQs

    What type of property is this?
    Land - 8.24 Acres, Prime Multi-Family Development
    Where is this land located?
    The property is located at 810 Roundtree Blvd Ypsilanti Charter Township, MI.
    What is the asking price?
    The asking price for this property is $850,000.
    (734) 994-3100
    Request Owner's contact information
    810 Roundtree Blvd Ypsilanti Charter Township, MI 48197
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    810 Roundtree Blvd Ypsilanti Charter Township, MI 48197
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