For Sale
$250,000

and US-23 Nwq Of Michigan AveAnn Arbor, MI 48103

15.4 Acres, Prime Location, $250K/Acre

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 15.4-acre parcel presents a unique investment opportunity in Ann Arbor, Michigan. Situated at the northwest quadrant of Michigan Avenue and US-23, this property boasts unparalleled visibility and convenient access, making it ideal for a diverse range of development projects. The land is zoned FB – Form Based Mixed Use, allowing for a variety of uses including residential, commercial, retail, office, hotel, or even a large-format retail establishment. The asking price is $250,000 per acre, totaling $250,000 for the entire parcel. This prime location offers significant potential for developers seeking a high-impact project in a thriving market. The property's size and zoning flexibility provide ample room for creative and lucrative development plans. Given the strategic location and zoning, this site is well-suited for a mixed-use development that caters to the area's growing population and demand for diverse amenities. The seller is open to build-to-suit options under favorable conditions, offering further flexibility for potential buyers. This is a rare opportunity to acquire a substantial land holding in a highly desirable location with significant upside potential. The property is located in Pittsfield Township, Oakland County, Michigan, with a zip code of 48103.

Highlights

  • 15.4-acre parcel in Ann Arbor, MI, at the NW quadrant of Michigan Ave & US-23.
  • Exceptional visibility and convenient access.
  • FB (Form-Based Mixed Use) zoning allows for residential, commercial, retail, office, hotel, and large-format retail development.
  • Asking price: $250,000 per acre ($3,850,000 total).
  • Seller open to build-to-suit options.

Property Details for and US-23 Nwq Of Michigan Ave

Property type
Retail properties, Restaurants
Lot Size (sq. ft)
670,824 SF

Location Insight

City
Ann Arbor
County
Oakland
State
Michigan
Latitude
42.2069799
Longitude
-83.6867614
and US-23 Nwq Of Michigan Ave, Ann Arbor, Michigan

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