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978 Cross St Ypsilanti, MI 48198

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For Sale
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3.31 Acres, QOZ, Development Potential

Property Features for 978 Cross St

General Information

Property type
Land
Lot Size
144,184 SF

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Listing Contact
Dan Stewart
Dan Stewart

Listing Agent: Dan Stewart

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 3.31-acre vacant land parcel in Ypsilanti, Michigan, presents a compelling investment opportunity. Located in a Qualified Opportunity Zone (QOZ), this property offers significant tax advantages for investors seeking to defer or permanently exclude capital gains. The land is ideally situated for multi-family or assisted living development, catering to the area's growing student and senior populations. Eastern Michigan University is just two miles east, while the University of Michigan is a convenient ten miles west. The proximity to these institutions, coupled with the projected increase in the 65+ population (reaching 18,271 by 2020, representing 15.6% of the total population), creates a strong demand for housing and care facilities. This prime location also boasts easy freeway access and is within walking distance of historic Depot Town, adding to its appeal. Furthermore, the property is only eight miles from downtown Ann Arbor and less than six miles from the University of Michigan Hospital and St. Joseph Mercy Hospital. The property's APN is K-11-10-205-036, K-11-10-205-003 & K-11-10-205-023. The asking price is $330,000, translating to approximately $99,698 per acre. An adjacent 6.59-acre parcel is also available for purchase, potentially expanding the development area to 9.9 acres, subject to Ypsilanti Township zoning ordinances and the Michigan Plat Act. It is advisable for prospective buyers to seek legal counsel before closing.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

  • Map
  • Local Demand
City
Ypsilanti
County
Washtenaw
State
Michigan
Longitude
-83.5940647
Latitude
42.2461916

FAQs

What type of property is this?
Land - 3.31 Acres, QOZ, Development Potential
Where is this land located?
The property is located at 978 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: 3.31-acre vacant land parcel in Ypsilanti, MI, located in a Qualified Opportunity Zone (QOZ).; Close proximity to Eastern Michigan University and the University of Michigan.; Easy freeway access.
(734) 585-0995 Call to check price and availability
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