5472 Michigan AveYpsilanti, MI 48197

  • Land
  • 0.79 AC
For Sale
$795,000 View listing

Property Details for 5472 Michigan Ave

Lot size
0.79 AC
Property type
Land
Property subtype
Commercial land
APN
L -12-24-200-018
APU
L1224200018

Description

This exceptional 1.22-acre commercial land parcel, located at 5472 W Michigan Ave in Ypsilanti, Michigan, presents a unique investment opportunity. Situated on the northeast corner of Michigan Avenue (US-12) and Carpenter Road, this property boasts excellent visibility and accessibility. With 212 feet of frontage on Michigan Avenue and 100 feet on Carpenter Road, the site offers ample space for a variety of commercial developments. The property wraps around the Harvest Moon Restaurant, providing a strategic location within an established commercial area. The lot is flat, free of wetlands, and features readily available water and sewer connections. Existing curb cuts on both roads simplify access and development plans. A survey, topographic study, and soil borings are available for review, facilitating a streamlined development process. The property is zoned C-2, offering flexibility for various commercial uses. The APN is L-12-24-200-018. This is a rare opportunity to acquire a prime commercial site in a high-traffic area with all utilities in place, making it an attractive investment for developers and businesses alike. The asking price is $795,000.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,742,837
    Hospitality
    $6,176,402
    Educational
    $5,138,694
    Medical
    $5,315,422
    Retail
    $7,993,524
5472 Michigan Ave, Ypsilanti, Michigan
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Location Insight

City
Ypsilanti
County
Washtenaw
State
Michigan
Latitude
42.2096
Longitude
-83.6783
CBSA code
11460
CBSA name
ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,834
-
-
$175,310
-
-
-
$350,620

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