Vacant Land in Opportunity
For Sale
Contact for pricing
978 E Cross St, Ypsilanti, MI 48198
Vacant land suitable for multi-family or assisted living development.
Property SizeContact for details
Days on Market3127
Property Features for 978 E Cross St
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
SVN | Stewart Commercial Group, LLC
(734) 585-0995
Listed By:
Dan Stewart · License #6502370091
Source:
Crexi
Added: Feb 8, 2018
Changed: Aug 14
Last Checked: Aug 31 at 4:41PM
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 SVN | Stewart Commercial Group, LLC
Investment Insights
Based on property information with market context.
This vacant land is located in a Qualified Opportunity Zone (QOZ), designed to spur economic development through tax benefits for investors. This presents a great opportunity for multi-family or assisted living development. The property is situated in an area with a significant student population, with Eastern Michigan University two miles to the east and the University of Michigan only 10 miles to the west. Additionally, the population aged 65 years or older is projected to reach 18,271 by 2020, representing 15.6% of the population, indicating a growing need for housing and care facilities. This location is well-suited for development catering to these two growing populations. An adjacent 6.59-acre parcel is available for sale at 915 E. Michigan Ave., potentially allowing for the assembly of a 9.9-acre parcel, subject to compliance with Ypsilanti Township Zoning Ordinance and the Michigan Plat Act. It is recommended that the buyer consult with an attorney before closing.
Key Highlights
- Located in a Qualified Opportunity Zone (QOZ) offering potential tax benefits for investors.
- Ideal for multi‑family or assisted living development.
- High student population due to proximity to Eastern Michigan University (2 miles) and University of Michigan (10 miles).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
527
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 - Vacant land suitable for multi-family or assisted living development.
Where is this land located?
The property is located at 978 E Cross St Ypsilanti, MI.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Located in a Qualified Opportunity Zone (QOZ) offering potential tax benefits for investors.; Ideal for multi‑family or assisted living development.; High student population due to proximity to Eastern Michigan University (2 miles) and University of Michigan (10 miles).
