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3500 MICHIGAN AVENUE

Lots/Land Recently Sold
$1,050,000

BTC: 16.66666667

ETH: 601.37457045

Sold on: 2022-11-02
631 days
0 room(s)

Overview

Prime Development Opportunity!!! 10 acres spanning from Michigan Ave to Indiana Ave provide two main entrances for your new development. Currently the land's future land use is low density (5 units per acre), and the property has recently been annexed into the city, which may allow for higher density. Excellent investment and development potential in this growing area. Four parcels are included in this sale which total the 10 acres.

Location

Details

Type:
Land
Parking:
No Data
Year Built:
No Data
Lot:
10.00 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$980,000
$434K – $1.6M
Confidence Low
List vs. estimate
$320K above estimate
List $1,300,000 · +32.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$610
2021
All facts and features
  • Lot

    • Lot: 10.00 Acres

    Other Property Information

    • Parcel Number: 142630412700010010

    • Zoning: OAC

  • Type and style

    • Property Type: Land

  • Utility

    • BB/HS Internet Capable

  • Other financial information

    • Annual tax amount: $611

  • Source details

    • MLS ID: O5824604

    Other facts

    • Lot Features: Buildable

    • Other Structures: Other

    • Water Source: Well

    • Lot Size Dimensions: 330 x 1265

    • Subdivision Name: MICHIGAN AVE

Private inquiry
Talk to the advisor on this listing.
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: CASTRO REALTY GROUP