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    OFF-MARKET
    Land

    0 Sec Of Us-23 & Michigan Ave, Ann Arbor, MI 48104

    7.93 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 7.93-acre commercial land parcel presents a prime investment opportunity in Ypsilanti, Michigan. Strategically located at the southeast corner of US-23 and Michigan Avenue, this highway exit site boasts unparalleled visibility and accessibility. Complete civil engineering plans, including site plan approval, are in place for a 5,440 square foot gas station with a 2,856 square foot drive-thru end-cap space. Convenient curb cuts are situated on Michigan Avenue and Carpenter Road. Utilities are readily accessible, with sewer lines running parallel to the Michigan Avenue property line and water located across the street. The property is zoned C-2, General Commercial, allowing for a wide range of development possibilities. Further enhancing its appeal, an SDD/SDM Liquor License is available, and comprehensive environmental reports are complete and readily available for review. This turnkey opportunity offers significant potential for immediate development or long-term investment. The property's APN is L-12-23-400-032; L-12-23-400-039. Additional land is available for expansion, should the need arise. This is a rare chance to acquire a highly desirable commercial property in a thriving location with excellent access to a major highway. The asking price is $2,350,000.

    Property profile
    Verified
    Property type Land
    Lot 7.93 ac (345,431 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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    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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