Property profile

1879 W Michigan Ave Ypsilanti, MI 48197

FOR SALE
Industrial land
Property ID
US43-0068134
18.8 ac lot
Individually Owned 20-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 18.8-acre vacant land parcel presents a unique development opportunity in Ypsilanti Township, Michigan. Strategically located in the Michigan Avenue Form Based Code District's Regional/Mixed Use Corridor (Site Type D), this property offers unparalleled access to major transportation arteries, including I-94 (Exit 181A) and US-23 (Exit 34). The permitted zoning allows for a diverse range of uses, including residential (misc. residential/related uses, multi-family), office, institutional, retail, entertainment, services, and light industrial uses. Special use permits may also accommodate automotive and other miscellaneous uses. An estimated 6-8 acres are buildable. This prime location at the gateway to Ypsilanti, home to Eastern Michigan University and St. Joe's Mercy Hospital, ensures high visibility and strong potential for future growth. The property's proximity to established infrastructure and a vibrant community makes it an ideal site for a variety of development projects. The asking price is $375,000, and the parcel's APN is K-11-39-350-027. Ypsilanti Township's recently updated Master Plan further underscores the strategic value of this exceptional land offering. Don't miss this chance to capitalize on this significant development opportunity in a thriving Michigan community.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 18.8 ac (818,928 SF)
APN K -11-39-350-027
UPID US43-0068134

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1879 W Michigan Ave Ypsilanti, MI 48197
Ypsilanti metro Census 410500 ANN ARBOR, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2006
1 recorded transaction
2006
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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