201 Hamilton StYpsilanti, MI 48197

  • Commercial land
  • 0.15 AC
For Sale
$125,000 View listing

Property Details for 201 Hamilton St

Lot size
0.15 AC
Zone code
CN
Property type
Commercial land
APN
11-11-39-178-001
APU
111139178001

Description

This exceptional .47-acre commercial land parcel, located at 201 S Hamilton St in Ypsilanti, Michigan (48197), presents a unique investment opportunity. The property, identified by APN numbers 11-11-39-178-001, 11-11-39-178-002, and 11-11-39-178-003, is zoned for Core Residential use and offers significant potential for development. Situated on a hard corner, this lot benefits from excellent visibility and accessibility. Its location within a walkable urban district ensures high foot traffic and convenient access to amenities. Utilities are readily available at the site, simplifying the development process. The surrounding area is characterized by a highly dense residential population, providing a strong potential customer base for any future commercial venture. Furthermore, the property's proximity to Eastern Michigan University (a 15-minute walk) adds to its appeal, offering access to a large student population and university-related activities. The asking price for this strategically located parcel is $125,000. This represents a compelling opportunity to acquire a valuable piece of land in a thriving Michigan community. Don't miss this chance to secure a prime location for your next commercial project.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,280,300
    Hospitality
    $1,172,748
    Educational
    $975,713
    Medical
    $1,009,269
    Retail
    $1,517,776

Location Insight

City
Ypsilanti
County
Washtenaw
State
Michigan
Latitude
42.2384
Longitude
-83.6171
CBSA code
11460
CBSA name
ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$792
-
-
$8,200
-
-
-
$16,400

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