70 ACRES MERRITT RD. - FOR SALE · • Development directly to the west selling new homes in mid...

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JAMES PORTH Vice President, CCIM [email protected] ERIC SZERLAG Senior Associate [email protected] EXCLUSIVELY LISTED BY: +/- 70 ACRES MERRITT RD. - FOR SALE 8345 MERRITT RD., YPSILANTI, MI 48197

Transcript of 70 ACRES MERRITT RD. - FOR SALE · • Development directly to the west selling new homes in mid...

Page 1: 70 ACRES MERRITT RD. - FOR SALE · • Development directly to the west selling new homes in mid $200k range OFFERING SUMMARY Sale Price: $1,000,000 Price / Acre: $14,286 Lot Size:

JAMES PORTHVice Pres ident , CCIMjpor [email protected]

ERIC SZERLAGSenior Assoc ia teeszer [email protected]

EXCLUSIVELY LISTED BY:

+/- 70 ACRES MERRITT RD. - FOR SALE8 3 4 5 M E R R I T T R D . , Y P S I L A N T I , M I 4 8 1 9 7

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E X E C U T I V E S U M M A R Y : +/- 70 Acres Merritt Rd. | Ypsilanti, MI 48197

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

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DEMOGRAPHICS 1 Mile 3 Miles 5 Miles

Total Households: 2,419 13,858 36,842

Total Population: 7,156 35,812 93,447

Average HH Income: $98,874 $72,773 $59,601

PROPERTY HIGHLIGHTS

• Water and Sewer Available

• Lincoln Consolidated school district

• Positive housing growth in immediate area

• Development directly to the west selling new homes in mid$200k range

OFFERING SUMMARY

Sale Price: $1,000,000

Price / Acre: $14,286

Lot Size: 70.0 Acres

Location Description: On the north side of Merritt Rd.,east of Whittaker

APN: K -11-27-300-019

Zoning: R-1

Utilities: City Water & Sewer

Surrounding Businesses: CVS; Buffalo Wild Wings; AnnArbor Marriott Ypsilanti at EagleCrest; Eagle Crest Golf Course;Pine View Golf Course; ChaseBank; Subway; Starbucks;Aubree’s Pizzeria & Tavern;Kroger; Hungry Howie’s; Leo'sConey Island; KC Child CareCenter; Dollar USA;

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Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

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PROPERTY NAME: +/- 70 Acres Merritt Rd.

PROPERTY ADDRESS: 8345 Merritt Rd.Ypsilanti, MI 48197

APN: K -11-27-300-019

ZONING: R-1

TAXES: Summer & Winter 2016 : $9,858

SCHOOLS: Lincoln Consolidated Schools

UTILITIES DESCRIPTION: City Water & Sewer

SURROUNDING BUSINESSES: CVS; Buffalo Wild Wings; Ann Arbor Marriott Ypsilanti at Eagle Crest; Eagle Crest Golf Course;Pine View Golf Course; Chase Bank; Subway; Starbucks; Aubree’s Pizzeria & Tavern;Kroger; Hungry Howie’s; Leo's Coney Island; KC Child Care Center; Dollar USA;

LAND LEGAL DESCRIPTION: COMM AT THE S 1/4 COR OF SEC 27 T3S R7E YPSILANTI TOWNSHIP WASHTENAW COUNTYMICHIGAN, TH N 3-5-9 E 5.03 FT, TH S 89-5-24 W 852.08 FT FOR A POB, TH S 89-5-24 W466.36 FT, TH N 1-16-14 W 1289.35 FT, TH N 0-58-2 W 1291.78 FT, TH S 88-14-17 E 1308.98 FT,TH S 1-22-16 E 2000.20 FT, TH S 89-5-27 W 183.70 FT, TH S 1-33-4 E 246.42 FT, TH N 73-13-42W 257.04 FT, TH N 84-3-21 W 124.16 FT, TH N 85-28-23 W 107.52 FT, TH N 85-53-27 W 25.74 FT,TH N 69-52-34 W 8.58 FT, TH N 78-52-34 W 18.48 FT, TH N 72-14-22 W 147.77 FT, TH S 00-54-26E 433.11 FT TO THE POB CONTAINING 69.32 +/- AC T3S R7E YPSILANTI TOWNSHIPWASHTENAW COUNTY MICHIGAN SUBJECT TO EASEMENTS AND RESTRICTION OFRECORD IF ANY

P R O P E R T Y D E TA I L S : +/- 70 Acres Merritt Rd. | Ypsilanti, MI 48197

Page 4: 70 ACRES MERRITT RD. - FOR SALE · • Development directly to the west selling new homes in mid $200k range OFFERING SUMMARY Sale Price: $1,000,000 Price / Acre: $14,286 Lot Size:

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 4

A D D I T I O N A L P H O T O S : +/- 70 Acres Merritt Rd. | Ypsilanti, MI 48197

Page 5: 70 ACRES MERRITT RD. - FOR SALE · • Development directly to the west selling new homes in mid $200k range OFFERING SUMMARY Sale Price: $1,000,000 Price / Acre: $14,286 Lot Size:
Page 6: 70 ACRES MERRITT RD. - FOR SALE · • Development directly to the west selling new homes in mid $200k range OFFERING SUMMARY Sale Price: $1,000,000 Price / Acre: $14,286 Lot Size:
Page 7: 70 ACRES MERRITT RD. - FOR SALE · • Development directly to the west selling new homes in mid $200k range OFFERING SUMMARY Sale Price: $1,000,000 Price / Acre: $14,286 Lot Size:

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 7

A E R I A L M A P : +/- 70 Acres Merritt Rd. | Ypsilanti, MI 48197

Page 8: 70 ACRES MERRITT RD. - FOR SALE · • Development directly to the west selling new homes in mid $200k range OFFERING SUMMARY Sale Price: $1,000,000 Price / Acre: $14,286 Lot Size:

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 8

L O C AT I O N M A P S : +/- 70 Acres Merritt Rd. | Ypsilanti, MI 48197

Page 9: 70 ACRES MERRITT RD. - FOR SALE · • Development directly to the west selling new homes in mid $200k range OFFERING SUMMARY Sale Price: $1,000,000 Price / Acre: $14,286 Lot Size:

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 9

L O C AT I O N M A P S : +/- 70 Acres Merritt Rd. | Ypsilanti, MI 48197

Page 10: 70 ACRES MERRITT RD. - FOR SALE · • Development directly to the west selling new homes in mid $200k range OFFERING SUMMARY Sale Price: $1,000,000 Price / Acre: $14,286 Lot Size:

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 10

* Demographic data derived from 2010 US Census

POPULATION 1 MILE 3 MILES 5 MILESTOTAL POPULATION 7,156 35,812 93,447MEDIAN AGE 32.3 33.8 33.3MEDIAN AGE (MALE) 32.4 33.8 32.8MEDIAN AGE (FEMALE) 32.1 34.4 34.4

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILESTOTAL HOUSEHOLDS 2,419 13,858 36,842# OF PERSONS PER HH 3.0 2.6 2.5AVERAGE HH INCOME $98,874 $72,773 $59,601AVERAGE HOUSE VALUE $189,917 $166,459 $159,300

D E M O G R A P H I C S M A P : +/- 70 Acres Merritt Rd. | Ypsilanti, MI 48197