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    2403 Michigan Ave Ypsilanti, MI 48198

    Sponsored
    For Sale
    Contact for pricing

    Vacant .23-acre lot, prime commercial zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 0.23-acre commercial land parcel, located at 2403 E Michigan Ave in Ypsilanti, Michigan (48198), presents a unique development opportunity. The property, identified by APN K-11-01-340-022, is zoned for commercial use and is completely vacant, with all previous improvements razed. This makes it ideal for a variety of new construction projects. The site's convenient location in Washtenaw County offers excellent accessibility and visibility. The seller is open to negotiation on the price, and a development agreement is a required condition of sale. This ensures a collaborative approach to realizing the property's full potential. Serious inquiries are encouraged to explore this promising investment opportunity in a thriving Michigan community. The property is ready for immediate development, eliminating the need for costly demolition or site preparation. This presents a significant advantage for developers seeking a streamlined project timeline. This is a rare chance to acquire a strategically located commercial lot in a desirable area.

    Property Features for 2403 Michigan Ave

    General Information

    Property type
    Land
    Lot Size
    10,019 SF

    HighLights

    • 0.23‑acre land parcel.
    • Commercially zoned lot.
    • Vacant land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ypsilanti
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.563402
    Latitude
    42.250858

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    FAQs

    What type of property is this?
    Land - Vacant .23-acre lot, prime commercial zoning.
    Where is this land located?
    The property is located at 2403 Michigan Ave Ypsilanti, MI.
    What are key features of this property?
    This property features: 0.23-acre land parcel.; Commercially zoned lot.; Vacant land.
    Request Owner's contact information
    2403 Michigan Ave Ypsilanti, MI 48198
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    Ypsilanti, MI 48198
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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
    2403 Michigan Ave Ypsilanti, MI 48198
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