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31223317

1500 N Prospect Rd, Superior Twp, MI, MI 48198 For Sale

Toman & Co.
Listed by Toman & Co.
$850,000
117 days on market
Updated 31 days ago

AUTUMN WOODS

Details
Property Type Land, Multifamily
Sub Type Apartment Building, Residential
Square Footage 169,000
Net Rentable (SqFt) 33,600
Units 24
Price per SqFt $5
Class B
Buildings 3
Stories 2
Lot Size (SqFt) 3 - 5
Zoning PC / R-7 (Multiple Family Residential)
Investment Type Redevelopment

Entitled 24-Unit Apartment Development

Marketing description

Toman & Co. is pleased to present Autumn Woods II, a premier 24-unit multi-family development opportunity located in Superior Township within Washtenaw County. This offering provides a rare chance for developers to accelerate construction timelines and significantly reduce upfront costs, as the site already features existing concrete foundations and slabs in place. Additionally, direct access to public water and sanitary sewer has been brought to the site, making it one of the few remaining parcels in the township with full utility connectivity. A comprehensive due diligence package is available, including architectural drawings, civil engineering plans, and land surveys, allowing a buyer to move efficiently toward vertical construction. The development is strategically positioned just minutes from major economic drivers, including Hyundai America Technical Center, Trinity Health Ann Arbor, and the University of Michigan, supporting strong and consistent rental demand in the area. The project is designed for three buildings totaling 24 units, with spacious ±1,400 square foot layouts consisting of two-bedroom, two-bathroom units with dens, along with private patios or decks and detached garages. Situated on approximately ±3.88 acres and zoned Planned Community (PC) / R-7 Multi-Family, this is a high-quality, partially improved development site in a stable and growing market. An NDA is required to access the full due diligence materials..

Investment highlights

Partially Improved Development Site – Existing concrete foundations and slabs in place, significantly reducing construction timeline and upfront capital requirements.

Utility Infrastructure Installed – Water and sanitary sewer connections already brought to site, eliminating major entitlement and infrastructure hurdles.

24-Unit Multi-Family Project – Planned for three (3) buildings with efficient, high-demand unit layouts in a supply-constrained market.

Strong Rental Market Fundamentals – Located in Washtenaw County, one of Southeast Michigan’s most stable and high-demand rental markets.

Proximity to Major Economic Drivers – Minutes from Hyundai America Technical Center, Trinity Health Ann Arbor, and the University of Michigan.

Comprehensive Due Diligence Available – Architectural plans, civil engineering drawings, and surveys ready for review, enabling faster execution.

Favorable Zoning in Place – Zoned Planned Community (PC) / R-7 Multi-Family, supporting the proposed development program.

Efficient Unit Design – Approx. 1,400 SF 2 Bed / 2 Bath + Den units with private outdoor space and detached garages.

Rare Infill Opportunity – One of the few remaining development-ready multi-family sites with infrastructure in place within the township.

Accelerated Path to Construction – Ability to move toward vertical development with minimal pre-construction risk and delay..

Listing Contacts

Toman & Co.
Listed by Toman & Co.

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