978 East Cross St, Ypsilanti, MI 48198
- Land
Current Use by Public Records
- Land
Property Details for 978 East Cross St
- Property type
- Land
Description
Vacant Land in a Qualified Opportunity Zone (Qoz). Opportunity Zones Are Designed to Spur Economic Development by Providing Tax Benefits to Investors. Opportunity Zones Allow Investors to Temporarily Defer or Permanently Exclude Capital Gains That Are Reinvested With a Specific Time Frame. This is a Great Opportunity for a Multi-family or Assisted Living Development. The Student Population in the Area is High, as Eastern Michigan University is Two Miles East and the University of Michigan is Only 10 Miles West. Also, by 2020 the 65 Years or Older Population Will Reach 18,271 That is 15.6% of the Population That Will Need to Plan for Housing or Care With the Area. This is a Terrific Location for Development to Fit the Needs of These Two Growing Populations. There is an adjacent 6.59 acre parcel available for-sale at 915 E. Michigan Ave. that may be assembled into a 9.9 acre parcel subject to compliance with Ypsi Twp Zoning Ordinance and Michigan Plat Act. It is recommended that the buyer consult with an attorney before closing.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Ypsilanti
- County
- Washtenaw
- State
- Michigan
- Longitude
- -83.6289151
- Latitude
- 42.2457569
