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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

and US-23 Nwq Of Michigan Ave Ann Arbor, MI 48103

15.4 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Lot 15.4 ac (670,824 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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