FOR SALE RARE LAKEFRONT DEVELOPMENT OPPORTUNITY

4301 E. Depot Road

  • 8.1 Acres
  • Land Residential
  • For Sale

Summary Description

Rare opportunity to acquire a prime piece of land for multifamily development along Lake Michigan. Property is located at the end of Depot Road with ±430 lineal feet of Lake Michigan frontage and falls within the midst of the major Lake Vista redevelopment project. City of Oak Creek Comprehensive Plan calls for this land to be utilized for multifamily development and has the potential for city approval of 20-32 units per acre. City is planning $15 million in infrastructure work for redevelopment including extension of 5th Avenue to connect to Highway 100.

Lot Size: 8.178 Acres Acres

Area Available: 8.1 Acres

Features:

  • Well located at end of street overlooking Lake Michigan in Oak Creek
  • Part of major Lake Vista redevelopment project featuring higher-end apartments or condos, neighborhood retail, a business park with offices and light industrial space and a community park including playground and athletic fields overlooking the lake
  • $15 million in planned infrastructure upgrades including 5th Avenue extension (main arterial roadway providing access to property) to Highway 100
  • Existing vacant building to be demolished by Seller
  • City of Oak Creek is receptive to 125 - 140 units based on past proposal

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