2041 Parkwood AveYpsilanti, MI 48198

Property Details for 2041 Parkwood Ave

Lot size

4.90 AC

Property type

Land

Property subtype

Industrial properties

Description

This exceptional 4.9-acre parcel, located at 2041 Parkwood Ave in Ypsilanti, Michigan (48198), presents a unique opportunity for self-storage development. The property, zoned IT (Innovative & Technology), boasts a previously submitted Special Land Use Application for self-storage, predating zoning changes that now restrict such development. This creates a significant barrier to entry for competitors. Situated in Washtenaw County, the site benefits from a strong population base, with over 84,700 residents within a four-mile radius. Market analysis indicates a substantial demand for approximately 227,000 square feet of self-storage space within this area, with average rental rates reaching $22.90 per square foot. The site's potential allows for the construction of up to 130,000 square feet of self-storage units, incorporating a mix of climate-controlled indoor and drive-up units. The property's APN is K-11-11-100-008, and the land value is $173,469 per acre. The submitted Special Land Use Application is confirmed on file with the Ypsilanti Township. This is a rare chance to capitalize on a high-demand market with a significant competitive advantage.

Location Insight

City

Ypsilanti

County

Washtenaw

State

Michigan

Latitude

42.2395

Longitude

-83.5723

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