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    953 Michigan Ave Ypsilanti, MI 48198

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    For Sale
    Contact for pricing

    Prime Ypsilanti development opportunity. Ready for your vision.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 6.59-acre commercial land parcel, located at 953 E Michigan Ave in Ypsilanti, Michigan (48198), presents a unique development opportunity. Previously a mobile home park, the site has been completely cleared of all above-ground structures, making it ready for immediate development. The property is zoned for Commercial and General Business use, offering considerable flexibility for a variety of projects. The Washtenaw County location provides excellent access to major transportation routes and a thriving local economy. A development agreement with the Township is a condition of sale. An adjacent 3.3-acre vacant parcel is also available for purchase, potentially expanding the total acreage to 9.8 acres, contingent upon Township zoning ordinance approval and compliance with the Michigan Plat Act. The APN is K-11-10-205-039. Prospective buyers are strongly advised to seek legal counsel before closing the transaction. This property offers significant potential for investors and developers seeking a prime location in a growing market. Don't miss this chance to acquire a substantial tract of land poised for development.

    Property Features for 953 Michigan Ave

    General Information

    Property type
    Land
    Lot Size
    287,060 SF

    HighLights

    • 6.59‑acre commercial land parcel in Ypsilanti, MI (48198), ready for immediate development.
    • Cleared site, previously a mobile home park, zoned for Commercial and General Business use.
    • Excellent access to major transportation routes and a thriving local economy.
    • Development agreement with the Township is a condition of sale.
    • Adjacent 3.3‑acre parcel potentially available, expanding total acreage to 9.8 acres (subject to zoning and Plat Act compliance).
    • APN: K‑11‑10‑205‑039.
    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
    -83.5947185
    Latitude
    42.2437107

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    FAQs

    What type of property is this?
    Land - Prime Ypsilanti development opportunity. Ready for your vision.
    Where is this land located?
    The property is located at 953 Michigan Ave Ypsilanti, MI.
    What are key features of this property?
    This property features: 6.59-acre commercial land parcel in Ypsilanti, MI (48198), ready for immediate development.; Cleared site, previously a mobile home park, zoned for Commercial and General Business use.; Excellent access to major transportation routes and a thriving local economy.
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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
    953 Michigan Ave Ypsilanti, MI 48198
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