Rare Opportunity in Burns Park - Exceptional Development Potential. Welcome to this unique and highly sought-after property in Ann Arbor's Burns Park neighborhood, offering extensive building, renovation, or investment possibilities. Situated in the heart of the city, this spacious lot features an existing 7-bedroom, 3-bathroom home that can be either thoughtfully renovated or completely replaced with new construction. Zoned R2B, this property presents a special opportunity for development tailored to University of Michigan-affiliated organizations, making it ideal for student housing, co-ops, or group residences. Also enticing, the current zoning allows for a second home to be built at the rear of the property, with a building footprint exceeding 3,000 square feet. Whether you're looking to restore the charm of the existing residence or develop a multi-unit investment property, the options are truly remarkable. HERD score of 1
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $1,295,000 | $347 | Bob White Realty |
Year | Annual Amount | Description |
---|---|---|
2024 | $15,348 | LOT 44 AND E 1/2 LOT 52 OLIVIA B HALL SUB |
Elementary School Burns Park Elementary School | 0.3 miles away | KG - 05 | |
Elementary School Angell School | 0.4 miles away | KG - 05 | |
High School Arbor Heights Center | 0.8 miles away | 09 - 12 |