Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Sec Of Us-23 & Michigan Ave Ann Arbor, MI 48104

    For Sale
    $2,350,000

    7.93 Acres, US-23 Highway Exit

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 7.93-acre commercial land parcel presents a prime investment opportunity in Ypsilanti, Michigan. Strategically located at the southeast corner of US-23 and Michigan Avenue, this highway exit site boasts unparalleled visibility and accessibility. Complete civil engineering plans, including site plan approval, are in place for a 5,440 square foot gas station with a 2,856 square foot drive-thru end-cap space. Convenient curb cuts are situated on Michigan Avenue and Carpenter Road. Utilities are readily accessible, with sewer lines running parallel to the Michigan Avenue property line and water located across the street. The property is zoned C-2, General Commercial, allowing for a wide range of development possibilities. Further enhancing its appeal, an SDD/SDM Liquor License is available, and comprehensive environmental reports are complete and readily available for review. This turnkey opportunity offers significant potential for immediate development or long-term investment. The property's APN is L-12-23-400-032; L-12-23-400-039. Additional land is available for expansion, should the need arise. This is a rare chance to acquire a highly desirable commercial property in a thriving location with excellent access to a major highway. The asking price is $2,350,000.

    Property Features for 0 Sec Of Us-23 & Michigan Ave

    General Information

    Property type
    Land
    Lot Size
    345,431 SF

    HighLights

    • 7.93‑acre commercial land parcel at the southeast corner of US‑23 and Michigan Avenue in Ypsilanti, MI.
    • Approved site plan for a 5,440 SF gas station with a 2,856 SF drive‑thru.
    • Curb cuts on Michigan Avenue and Carpenter Road.
    • Sewer access adjacent to Michigan Avenue; water across the street.
    • Excellent US‑23 highway access.
    • Additional land available for expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.681520297507
    Latitude
    42.207498582768

    Nearby Similar for Sale

    • $975,000
      1.10 Acres

      Twin Home on Picturesque Acreage

      Twin home on a one-acre lot, ideal for rental income.
      5183 Christine Dr, Ann Arbor, MI 48103
      View Details
    • $2,100,000
      0.07 Acres

      Luxury Duplex Near Big House

      Ann Arbor duplex/condo, steps from stadium, rental income potential.
      460 W Stadium Blvd, Ann Arbor, MI 48103
      View Details
    • $1,600,000
      5,318 SF

      Mixed-Use Parcel in Ann Arbor

      Two buildings with development potential in the heart of Ann Arbor.
      404 W Liberty St, Ann Arbor, MI 48103
      View Details
    • $599,900
      1,992 SF

      Ann Arbor Duplex Investment Opportunity

      Well-maintained duplex in prime Ann Arbor location with strong rental history.
      1558/1560 W Jones Dr SW, Ann Arbor, MI 48105
      View Details
    • $999,950
      Pending

      Ann Arbor Equestrian Facility

      Equestrian facility on 59.97 acres in Ann Arbor, Michigan.
      1436 Honey Run Dr, Ann Arbor, MI 48103
      View Details
    • New
      $1,950,000
      0.28 Acres

      Reimagined Duplex Near University of Michigan

      Turnkey duplex near U-M, ideal for families or investors.
      1702 Hill St, Ann Arbor, MI 48104
      View Details

    FAQs

    What type of property is this?
    Land - 7.93 Acres, US-23 Highway Exit
    Where is this land located?
    The property is located at Sec Of Us-23 & Michigan Ave Ann Arbor, MI.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: 7.93-acre commercial land parcel at the southeast corner of US-23 and Michigan Avenue in Ypsilanti, MI.; Approved site plan for a 5,440 SF gas station with a 2,856 SF drive-thru.; Curb cuts on Michigan Avenue and Carpenter Road.
    (248) 851-8900
    Request Owner's contact information
    Sec Of Us-23 & Michigan Ave Ann Arbor, MI 48104
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Sec Of Us-23 & Michigan Ave
    Ann Arbor, MI 48104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Sec Of Us-23 & Michigan Ave Ann Arbor, MI 48104
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.