Commercial Redevelopment Opportunity for Sale in Ann Arbor

Highlights

• Zoning allows for a variety of uses including retail, office and restaurants
• Strategic location with high visibility on W Michigan Ave
• Additional adjacent 1.08 acres available for expansion
• Direct access to major highways US-23 and I-94
• Pittsfield Township
• Existing 1,512 sf, 3 bedroom, 1 bath residential home is currently rented at $1,400/mo. Serviced by municipal sewer and water.

Description

Overview: Spanning a total of 1.72 acres across three parcels, this prime commercial real estate offers a unique redevelopment opportunity in the heart of Pittsfield Township. Positioned with excellent visibility along W Michigan Ave., and featuring easy access to US-23 and I-94, this site is ideally suited for a variety of uses including retail, office, and restaurants under its current Form-Based Use zoning.

Property Highlights:
• Flexible Zoning: Supports a diverse range of commercial developments including multi-use complexes that can combine retail, office, and dining spaces.
• Expansion Potential: An additional adjacent 1.08 acres is available, providing further development flexibility and potential for larger projects.
• Strategic Location: Situated with frontage on W Michigan Ave., ensuring high visibility and traffic, crucial for commercial success.
• Existing 1,512 sf, 3 bedroom, 1 bath residential home is currently rented at $1,400/mo. Serviced by municipal sewer and water.

Investment Appeal: This property is a rare find in a growing area and with its redevelopment potential. Its zoning allows for innovative and varied commercial use, making it an ideal spot for developers looking to capitalize on Ann Arbor’s expanding commercial landscape.

Development Potential: The site's considerable size and strategic location offer developers the freedom to create a landmark commercial hub that could serve as a focal point for business and leisure in the region. Whether for building a retail plaza, a professional office park, or a combination with eateries, the possibilities are as expansive as the site itself.

Connectivity:
• Major Roadways: Direct access to major highways US-23 and I-94 provides excellent connectivity to regional markets and easy commuting options.
• Local Infrastructure: Benefiting from its location in Pittsfield Township, the site is part of a well-developed area known for its robust infrastructure and business-friendly environment.

Opportunity: With its combination of flexible zoning, additional available acreage, and a prime location, this property presents a unique opportunity to shape the future of Ann Arbor’s commercial landscape.

Michigan Avenue (US-12) is first exit 1.5 miles south on US-23 (Ann Arbor to Toledo) of interchange with I-94 (Detroit to Chicago) expressway. 5899 W Michigan Ave has immediate access to Township services, being one-quarter mile east of Pittsfield Township Hall, Police and Fire Departments. The first cross-street, 1/8 mile to West of US-23, is Textile. (Ref. CityFeet.com)

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