and US-23 Nwq Of Michigan Ave Ann Arbor, MI 48103
- Retail properties
- 15.40 lot acres
Current Use by Public Records
- Retail properties
Property Details for and US-23 Nwq Of Michigan Ave
- Lot size
- 15.40 lot acres
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional 15.4-acre parcel presents a unique investment opportunity in Ann Arbor, Michigan. Situated at the northwest quadrant of Michigan Avenue and US-23, this property boasts unparalleled visibility and convenient access, making it ideal for a diverse range of development projects. The land is zoned FB – Form Based Mixed Use, allowing for a variety of uses including residential, commercial, retail, office, hotel, or even a large-format retail establishment. The asking price is $250,000 per acre, totaling $250,000 for the entire parcel. This prime location offers significant potential for developers seeking a high-impact project in a thriving market. The property's size and zoning flexibility provide ample room for creative and lucrative development plans. Given the strategic location and zoning, this site is well-suited for a mixed-use development that caters to the area's growing population and demand for diverse amenities. The seller is open to build-to-suit options under favorable conditions, offering further flexibility for potential buyers. This is a rare opportunity to acquire a substantial land holding in a highly desirable location with significant upside potential. The property is located in Pittsfield Township, Oakland County, Michigan, with a zip code of 48103.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ann Arbor
- County
- Oakland
- State
- Michigan
- Longitude
- -83.6868
- Latitude
- 42.207
