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    117 E Summit St Ann Arbor, MI 48104

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    For Sale
    $495,000

    Commercial property for sale on Summit Street, Ann Arbor.

    Lot size:
    0.08 Acres

    Property Features for 117 E Summit St

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1901

    Source: Berkshire Hathaway HomeService Agent Trevor McIlwaine

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

    Overview

    Summit Street Commercial Property

    The commercial property located on Summit Street in Ann Arbor, Michigan, is available for sale. The list price is $495,000.
    Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.7482632
    Latitude
    42.2884269

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    FAQs

    What type of property is this?
    1031 exchange property - Commercial property for sale on Summit Street, Ann Arbor.
    Where is this 1031 exchange property located?
    The property is located at 117 E Summit St Ann Arbor, MI.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - Year Built: 1901, offering historic charm
    (734) 645-5159
    Request Owner's contact information
    117 E Summit St Ann Arbor, MI 48104
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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
    117 E Summit St Ann Arbor, MI 48104
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