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    2385 S Huron Parkway Ann Arbor, MI 48104

    View on Map
    For Lease
    $21 SF/Yr

    COMMERCIAL - Ann Arbor, MI

    Type:Office
    Property size:
    568 SF
    Lot size:
    0.61 Acres
    Added:
    Feb 11, 2026
    Days on Market:
    49
    Last Refresh:
    Apr 1 at 1:06 pm

    Property Features for 2385 S Huron Parkway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Fireplace
    1
    Standard status
    Active
    APN
    09-12-02-209-015
    Size
    568 SF
    Lot size
    0.61 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    PRT NW 1/4 SEC 2 T3S R6E COM W 1/4 COR SEC 2 TH N 88 DEG 50 MIN E 454.01 FT FOR POB TH N 14 DEG 37 MIN 30 SEC W 240.15 FT TH N 69 DEG 59 MIN E 100.45 FT TH S 14 DEG 37 MIN 30 SEC E 273.53 FT TH S 88 DEG 50 MIN W 102.81 FT TO POB

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1978
    Number of units
    1
    Building materials
    Wood Siding

    We can help!

    Listing Contact
    Imran Lateef

    Listing agent Imran Lateef

    Listing office IKL Real Estate LLC 2385 S Huron Parkway, Ste 1N, Ann Arbor, MI

    Listing date Feb 11, 2026

    MLS# 26005045

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ann Arbor Yoga/Dance Studio

    This 568-square-foot commercial space is available for short-term and long-term lease, with hourly and weekly rental options. Located in Ann Arbor, Michigan, the property is suitable for yoga or dance classes. The studio features an open layout designed to create an inspiring and comfortable environment for movement, mindfulness, and creativity. Large windows provide natural light. The location offers ample parking and a central location. The 0.61-acre lot is located in Washtenaw County, with easy access to a welcoming and well-maintained space. This studio is suitable for group classes, private sessions, or workshops. It is located at 2385 S Huron Parkway, Ann Arbor, MI 48104.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Head & Heart Psychotherapy ... Crisis Center IKL Real Estate Construction Company Dr. Miea Moon Physician Bart Catalfio’s Practice Medical Clinic Head & Heart Psychotherapy ... Crisis Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Vie Fitness & Spa — 3050 Washtenaw Ave, Ann Arbor, MI 48104
    • Bikram's Yoga College of India — 3227 Washtenaw Ave B, Ann Arbor, MI 48104
    • HOTWORX - Ann Arbor MI (Arborland) — 3785 Washtenaw Ave, Ann Arbor, MI 48104
    • Restore Hyper Wellness — 3225 Washtenaw Ave, Ann Arbor, MI 48104
    • Hot Yoga Ann Arbor — 3227 Washtenaw Ave B, Ann Arbor, MI 48104

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.698581
    Latitude
    42.252792

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    FAQs

    What type of property is this?
    Fitness center & gym - Yoga and dance studio available for lease in Ann Arbor.
    Where is this fitness center & gym located?
    The property is located at 2385 S Huron Parkway Ann Arbor, MI.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Spacious, open layout ideal for yoga, dance, fitness classes, private sessions, or workshops.; Convenient central Ann Arbor location with ample parking.; Suitable for short‑term, long‑term, hourly, or weekly rental.
    (734) 717-9016
    We can help!
    Listing Contact
    Imran Lateef
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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