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

    and US-23 Nwq Of Michigan Ave Ann Arbor, MI 48103

    For Sale
    $250,000

    15.4 Acres, Prime Location, $250K/Acre

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 15.4-acre parcel presents a unique investment opportunity in Ann Arbor, Michigan. Situated at the northwest quadrant of Michigan Avenue and US-23, this property boasts unparalleled visibility and convenient access, making it ideal for a diverse range of development projects. The land is zoned FB – Form Based Mixed Use, allowing for a variety of uses including residential, commercial, retail, office, hotel, or even a large-format retail establishment. The asking price is $250,000 per acre, totaling $250,000 for the entire parcel. This prime location offers significant potential for developers seeking a high-impact project in a thriving market. The property's size and zoning flexibility provide ample room for creative and lucrative development plans. Given the strategic location and zoning, this site is well-suited for a mixed-use development that caters to the area's growing population and demand for diverse amenities. The seller is open to build-to-suit options under favorable conditions, offering further flexibility for potential buyers. This is a rare opportunity to acquire a substantial land holding in a highly desirable location with significant upside potential. The property is located in Pittsfield Township, Oakland County, Michigan, with a zip code of 48103.

    Property Features for and US-23 Nwq Of Michigan Ave

    General Information

    Property type
    Restaurants
    Lot Size
    670,824 SF

    HighLights

    • 15.4‑acre parcel in Ann Arbor, MI, at the NW quadrant of Michigan Ave & US‑23.
    • Exceptional visibility and convenient access.
    • FB (Form‑Based Mixed Use) zoning allows for residential, commercial, retail, office, hotel, and large‑format retail development.
    • Asking price: $250,000 per acre ($3,850,000 total).
    • Seller open to build‑to‑suit options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ann Arbor
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6867614
    Latitude
    42.2069799

    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
    • New
      $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
    • $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
    • $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
    • New
      $1,500,000
      8,610 SF

      Historic Ann Arbor Property Near Arb

      Spacious 8,610 sqft property near University of Michigan campus.
      1923 Geddes Ave, Ann Arbor, MI 48104
      View Details

    FAQs

    What type of property is this?
    Restaurant - 15.4 Acres, Prime Location, $250K/Acre
    Where is this restaurant located?
    The property is located at and US-23 Nwq Of Michigan Ave Ann Arbor, MI.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 15.4-acre parcel in Ann Arbor, MI, at the NW quadrant of Michigan Ave & US-23.; Exceptional visibility and convenient access.; FB (Form-Based Mixed Use) zoning allows for residential, commercial, retail, office, hotel, and large-format retail development.
    Request Owner's contact information
    and US-23 Nwq Of Michigan Ave Ann Arbor, MI 48103
    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.
    and US-23 Nwq Of Michigan Ave
    Ann Arbor, MI 48103
    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
    and US-23 Nwq Of Michigan Ave Ann Arbor, MI 48103
    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.