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    5240 N Territorial Rd Ann Arbor, MI 48105

    For Lease
    $3,300 /Mo ($23 SF/Yr)

    Office space with welcoming layout and abundant parking.

    Property size:
    1,700 SF
    Lot size:
    1.51 Acres

    Property Features for 5240 N Territorial Rd

    General Information

    Size
    1,700 SF
    Lot size
    1.51 Acres

    Source: Van Esley Real Estate Agent Joseph Van Esley

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

    Overview

    Professional Office Space For Lease

    This property offers a professional office or commercial space featuring a welcoming layout that includes a large lobby and multiple rooms. The upper level provides additional office spaces or storage areas. Situated on a 1.17-acre lot, the property provides abundant parking. The lease is a modified gross lease, where the tenant is responsible for utilities, insurance, and outside upkeep. The lease term is for 36 months or more, and possession will be at the lease commencement. The property size is approximately 1700 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Johnson Thomas H ... Dentist

    Suggested Use

    Restaurant Spa & Massage Dental Office Gym & Fitness Food Market HVAC Service Grocery Store Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.657074
    Latitude
    42.36498

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    FAQs

    What type of property is this?
    Office space - Office space with welcoming layout and abundant parking.
    Where is this office space located?
    The property is located at 5240 N Territorial Rd Ann Arbor, MI.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Large 1.17-acre lot with **abundant parking**.; - Welcoming layout with **large lobby and several rooms**.; - Suitable for professional office/commercial space.
    (313) 418-3188
    Request Owner's contact information
    5240 N Territorial Rd Ann Arbor, MI 48105
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    Ann Arbor, MI 48105
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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
    5240 N Territorial Rd Ann Arbor, MI 48105
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