5899 Michigan Ave Ann Arbor, MI 48108
- Land
- 1.72 lot acres
Current Use by Public Records
- Land
Property Details for 5899 Michigan Ave
- Lot size
- 1.72 lot acres
- Property type
- Land
Description
This exceptional 1.72-acre commercial land parcel presents a remarkable redevelopment opportunity in Ann Arbor's thriving Pittsfield Township. Located at 5899 W Michigan Ave, this property boasts excellent visibility and accessibility, with frontage on W Michigan Ave and Textile Rd, and convenient access to US-23 and I-94. Currently zoned FB-Form Based, the site allows for a diverse range of commercial developments, including retail, office, and restaurant uses, potentially accommodating multi-use complexes. An existing 1,512 square foot, three-bedroom, one-bathroom residential home, currently generating $1,400 monthly rent, is situated on the property. The property's strategic location ensures high traffic volume and visibility, crucial for commercial success. Further enhancing its appeal, an additional 1.08 acres of adjacent land is available for purchase, offering significant expansion potential for larger-scale projects. Served by municipal sewer and water, this property represents a rare investment opportunity in a rapidly growing area, providing developers the chance to create a landmark commercial hub in Ann Arbor. The combination of flexible zoning, prime location, and expansion potential makes this a truly unique opportunity to shape the future of Ann Arbor's commercial landscape. The property includes three parcels with APNs: L-12-23-300-024, L-12-23-300-023, and L-12-23-300-022. The asking price is $445,000.
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
- Washtenaw
- State
- Michigan
- Longitude
- -83.691
- Latitude
- 42.2026
