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    205 E Washington St Ann Arbor, MI 48104

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    For Sale
    Contact for pricing

    Mixed-use property in downtown Ann Arbor near the University of Michigan.

    Property size:
    13,850 SF

    Property Features for 205 E Washington St

    General Information

    Size
    13,850 SF

    Building Details

    Year built
    1901

    Source: Hunter Steffien Agent Hunter Steffien

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Investment Near University of Michigan

    This mixed-use investment property is located in downtown Ann Arbor, Michigan, near the University of Michigan campus. The property is fully occupied and features a mix of four tenants, including an anchor tenant, Blue Tractor BBQ & Brewery, operated by the Mission Restaurant Group, under a Triple Net Lease. The surrounding area has a population of 158,825 residents and 97,534 employees within a 5-mile radius, with a median income of $87,720. The property is positioned to benefit from the high foot traffic and visibility associated with its location near the University of Michigan. The property has potential for repurposing the office space in the future. Since 2022, over 735 class A student housing units have been delivered within 1-mile of the subject property. The property represents a fee simple ownership opportunity.
    Insight Report Location Intelligence

    Current Use by Public Records

    eSearchVision Medical Clinic Athena Grill Greek Restaurant Interaction Gaming Software Company Gyrotonic Tree Town Yoga Studio

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.7469331
    Latitude
    42.2806664

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in downtown Ann Arbor near the University of Michigan.
    Where is this mixed-use property located?
    The property is located at 205 E Washington St Ann Arbor, MI.
    What are key features of this property?
    This property features: - Prime location in downtown Ann Arbor, adjacent to the University of Michigan; - 100% occupancy with a strong anchor tenant: Blue Tractor BBQ & Brewery; - Stable income stream with minimal landlord responsibilities due to Triple Net Lease
    (949) 633-2538
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    Ann Arbor, MI 48104
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    Realmo Value Estimation

    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.

    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.

    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
    205 E Washington St Ann Arbor, MI 48104
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