2485 Michigan AveYpsilanti, MI 48198

  • Commercial land
  • 0.57 AC

Property Details for 2485 Michigan Ave

Lot size
0.57 AC
Property type
Commercial land
APN
K -11-01-340-026
APU
K1101340026

Description

This exceptional 0.57-acre parcel, located at 2485 E Michigan Ave in Ypsilanti, Michigan (48198), presents a unique redevelopment opportunity. The property, previously a retail site, is now entirely vacant, with all existing improvements razed. This allows for complete design flexibility and the creation of a project tailored to specific needs. The site is zoned for commercial use, offering a wide range of potential development options. The property's location in Washtenaw County, within the city of Ypsilanti, provides excellent access to major transportation routes and a thriving local community. A development agreement is a required condition of sale, ensuring a collaborative and streamlined development process. The asking price is negotiable, making this an attractive investment for developers seeking a prime location with significant upside potential. The parcel's APN is K-11-01-340-026. This is a rare chance to acquire a cleared, commercially-zoned lot ready for immediate development in a desirable Michigan location. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,865,102
    Hospitality
    $4,456,408
    Educational
    $3,707,679
    Medical
    $3,835,192
    Retail
    $5,767,500

Location Insight

City
Ypsilanti
County
Washtenaw
State
Michigan
Latitude
42.2514
Longitude
-83.5622
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
2023
-
-
-
-
-
-
-
-

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