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The Perry Rueben Company

Packard Road Commercial Vacant Lots

Owner no longer interested in property development

Owner would like to divest of his property purchased for development of a medical or office building years back. Owner is willing to do a land contract should buyer prefer. Property abuts nice neighborhood and is in a great location. Property currently has woods and brush on it. Has great visibility, very busy 4 lane paved road between Golfside and Hewitt. 250 ft of road frontage, each of the adjoining five lots are 50 x 130 deep, sit's on 3/4 of an acre.  Property is zoned OS-1: Office Service District suitable for clinics, rest homes, convalescent homes, churches, etc....

Financing:  15% down ($34,500 down) with

7% Interest.  5 year land contract amortized over 15 years, with a balloon payment after 5 years.

Packard Rd., Ypsilanti, Michigan

Price: $230,000

Real Estate: .75 acres - 5 lots

SEV is $73,100

Tax Value: $81,300

Taxes are $4,519 annually

Description