978 E Cross St Ypsilanti, MI 48198

Listing office SVN | Stewart Commercial Group, LLC d***@svn.com Show Phone

Listing date Feb 8, 2018

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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

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FAQs

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).