Vacant Land in Opportunity
978 East Cross Street, Ypsilanti, MI 48198
3.31 acres of vacant land in a Qualified Opportunity Zone.
Type:Land
Property size:
3 SFPrice / SF:
$110,000/SF- Added:
- Nov 21, 2025
- Days on Market:
- 183
- Last Refresh:
- Apr 6 at 12:13 am
Property Features for 978 East Cross Street
General Information
- Standard status
- Active
- Size
- 3 SF
- Property subtype
- Land
Listing agent Dan Stewart, CCIM License #MI #6502361450
Listing office SVN | Stewart Commercial Group, LLC (734) 585-0995
Listing date Nov 21, 2025
Source Svn
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
HighLights
- Located in a Qualified Opportunity Zone (QOZ) offering significant tax benefits.
- Zoning allows for high‑density development, up to 20 units.
- Proximity to Eastern Michigan University (2 miles) and the University of Michigan (10 miles) caters to student housing demand.
- Growing senior population (65+) in the area creates demand for assisted living or senior housing.
- Easily accessible to I‑94 and US‑12, providing quick freeway access to neighboring cities.
- Adjacent 6.59‑acre parcel available, potentially creating a combined 9.9‑acre site.
Overview
This 3.31-acre parcel of vacant land is situated in a Qualified Opportunity Zone (QOZ), designed to encourage economic development through tax benefits for investors. The location is between East Cross Street and East Michigan Avenue, approximately 2.5 miles from I-94 and US 12, providing accessibility to neighboring cities. The property is within walking distance of historic Depot Town, close to two universities, and eight miles from downtown Ann Arbor. It is also less than 6 miles from U of M Hospital and St. Joseph Mercy Hospital. The current zoning allows for a density of up to 20 units, presenting a development opportunity for multi-family or assisted living facilities. Eastern Michigan University is two miles east, and the University of Michigan is only 10 miles west, indicating a substantial student population in the area. By 2020, the population aged 65 years or older is projected to reach 18,271, representing 15.6% of the population, suggesting a need for housing or care facilities. The property may be combined with an adjacent 6.59-acre parcel at 915 E. Michigan Ave, potentially creating a 9.9-acre parcel, subject to compliance with Ypsilanti Township Zoning Ordinance and the Michigan Plat Act.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Ypsilanti
- County
- Washtenaw
- State
- Michigan
- Longitude
- -83.6289
- Latitude
- 42.2458
Nearby Similar for Sale
FAQs
What type of property is this?
Land - 3.31 acres of vacant land in a Qualified Opportunity Zone.
Where is this land located?
The property is located at 978 East Cross Street 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 significant tax benefits.; Zoning allows for high‑density development, up to 20 units.; Proximity to Eastern Michigan University (2 miles) and the University of Michigan (10 miles) caters to student housing demand.
