Mixed-Use Corner Retail
120 N 4th Ave Ann Arbor, MI 48104
120 N 4th Ave, Ann Arbor, MI, 48104
Contact for pricing
For Sale
Contact for pricing
Fully occupied three-unit property with separate meters and rear parking on a high-visibility corner.
Property Size5,720 SF
Price / SF$419.58
Days on Market162
Property Features for 120 N 4th Ave
General Information
- Standard status
- Active
- Size
- 5,720 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1910
Listing agency
Colliers - Ann Arbor, Michigan
(734) 994-3100
Listed by
Jim Chaconas · License #MI 6502358011
Source
Crexi
Added: Feb 9 Updated: Jul 21 at 1:24AM Checked: Jul 21 at 1:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Ann Arbor, Michigan
Investment Insights
Based on property information with market context.
This 5,720-square-foot mixed-use commercial property is fully occupied and configured as three separately metered units, with two on the main level and one on the upper level. Tenants have convenient access via a rear parking lot.
The property is positioned on a high-visibility corner of E Ann St and N 4th Ave in the Kerrytown Market & Shops district. It is located in the Historic District and zoned D1 – Downtown Core District.
More information is available upon execution of a confidentiality agreement.
The property is positioned on a high-visibility corner of E Ann St and N 4th Ave in the Kerrytown Market & Shops district. It is located in the Historic District and zoned D1 – Downtown Core District.
More information is available upon execution of a confidentiality agreement.
Key Highlights
- ±5,720 SF commercial property built in 1910 with 3 units, fully occupied (100%).
- Two units on the main level and one unit on the upper level.
- All tenants are separately metered.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.0k | $18.00 |
| − Vacancy | −$6.2k | −$1.08 |
| EGI | $96.8k | $16.92 |
| − OpEx | −$29.0k | −$5.08 |
| NOI | $67.7k | $11.84 |
5,720 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$967.8K
$846.9K – $1.13M
NOI $67,748 @ 7.0% cap · market cap 2.82%
Second Best
Mixed Use
$958.5K
$838.7K – $1.12M
NOI $67,096 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$1.26M
$1.11M – $1.47M
NOI $88,430 @ 7.0% cap · market cap 3.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dennis M. Hayes ...
Law Firm
John A. Shea
Law Firm
Wilson P. Tanner ...
Law Firm
Coskey Independent Law ...
Law Firm
Park Shoe Repair ...
(Bike/Boat/Book/etc) Store
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FAQs
What type of property is this?
Mixed-use property - Fully occupied three-unit property with separate meters and rear parking on a high-visibility corner.
Where is this mixed-use property located?
The property is located at 120 N 4th Ave Ann Arbor, MI.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: ±5,720 SF commercial property built in 1910 with 3 units, fully occupied (100%).; Two units on the main level and one unit on the upper level.; All tenants are separately metered.
