State Street Development Land

Vacant Land for Sale
Catylist Listing ID: 30210834
Property Subtypes: Multi-Family, Office, Retail
Gross Land Area: 5 Acres
Sale Price: $425,000
Unit Price: $85,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/22/2018

Overview / Comments

High, rolling acreage fronting on State Street, surrounded by research and manufacturing uses. Also, Inglewood Park subdivision (59 acres) is located directly across the street. All road and utility infrastructure is in place, and Pulte Homes and Toll Brothers will undertake phased residential development there this year.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: Pittsfield Township
Tax ID/APN: L-12-21-300-012
Zoning: AGRICULTURAL (AG)
Property Located Between: Hines Drive & Textile Road
Property Visibility: Excellent
Legal Description: Tax I.D. L-12-21-300-012
Largest Nearby Street: Michigan Avenue is 1 mile south of the site.
Feet of Frontage: 573
Highway Access: I-94 is 2 miles north of the site.
Airports: Ann Arbor Airport is 1.5 miles north of the site.
Site Description: Pittsfield Township BD (Business District) zoning is a possible direction for future use of the parcel. It includes mixed research, office and commercial development. Prior use of the land, decades ago, was a private residence.
Area Description: The State Street corridor consists of a number of office, research and manufacturing uses, many of which were approved as a Planned Unit Development (PUD). Avis Farms South business park is immediately south of the property. Michigan Avenue and a Walmart shopping center are a mile south.
Lot Frontage: 573
Lot Depth: 380
Zoning Description: Agricultural District (AG) is intended to protect existing and promote new agricultural areas of the township by encouraging agricultural activity and allowing for additional uses that will be consistent with the agricultural character, as well as providing for large lot residential uses that will support residential or niche farming operations. Residential dwellings should be accessory to the principal use of farming on the property or should be located on large lots that contain substantial areas of natural features....
Soil Type: Loam
Available Utilities: Electric, Water, Gas, Sewer, Internet Access
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,349 39,161 129,446
Median Age: 35.24 36.53 35.92
Households: 1,627 16,111 53,617

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