5500 Stony Crk Rd, Ypsilanti, MI 48197-9372
This exceptional 1.4-acre commercial vacant land parcel presents a unique investment opportunity in Ypsilanti Township, Michigan. Located at 5500 Stony Creek Road, this property boasts a prime corner location at the busy Stony Creek and Whittaker Road roundabout, ensuring high visibility and accessibility. The lot features frontage on Dean Drive, providing convenient access for potential businesses. Its strategic location places it adjacent to the Paint Creek Shopping Center and directly across the roundabout from a CVS, guaranteeing high traffic flow and exposure. Situated south of I-94, this property benefits from easy access to major transportation routes and proximity to Ford Lake and the city of Ypsilanti. The area is experiencing significant growth in commercial and retail sectors, making this a particularly attractive investment. Currently zoned R2, with future plans designating it as a "Neighborhood Mixed Use Corridor," this land is ideally suited for a variety of commercial and office developments. While the lot is currently wooded and slopes gently towards the rear, its prime location and zoning potential outweigh these considerations. The property's APN is K-11-20-100-003. Asking price is $250,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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