Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4343 Concourse Dr Ann Arbor, MI 48108

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $475,000

    Partially developed 5.62 acre site with utilities in place.

    Lot size:
    5.60 Acres

    Property Features for 4343 Concourse Dr

    General Information

    Zoning
    BD - Business District
    Lot size
    5.60 Acres

    We can help!

    Listing Contact
    Bart Wise
    Bart Wise
    Source: Swishercommercial

    Listing Agent: Bart Wise

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

    Learn more

    Overview

    Partially Developed Land For Sale

    This partially developed 10.44-acre site includes approximately 5.62 acres available for sale. The 5.62-acre portion features two pads with existing utilities and infrastructure ready for new construction. The site also includes a water retention pond. Previously, the 10.44-acre site was approved for three 33,000 square foot office buildings, one of which was constructed in 2006. The property is located on the north side of Concourse, east of South State in Pittsfield Township, Washtenaw County, Michigan, offering easy access to I-94 at the South State Street interchange, M-14, and US-23.
    Location Intelligence

    Current Use by Public Records

    Ultraseal International Chemical Plant Montronix, Inc. Industrial Manufacturer CTC Engineering Engineering Consultant Vanessa Marry, LMSW Foster Care Service Life Support Services ... High School

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.7320516
    Latitude
    42.2244986

    Nearby Similar for Sale

    • $1,500,000
      8,610 SF

      Historic Ann Arbor Property Near Arb

      Spacious 8,610 sqft property near University of Michigan campus.
      1923 Geddes Ave, Ann Arbor, MI 48104
      View Details
    • New
      $950,000
      1.10 Acres

      Twin Home on Picturesque Acre

      Twin home on over an acre, perfect for rental income.
      5183 Christine Dr, Ann Arbor, MI 48103
      View Details
    • New
      $525,000
      Pending

      Historic Ann Arbor Home

      Charming 3-bedroom home with business zoning in downtown Ann Arbor.
      616 S Ashley St, Ann Arbor, MI 48103
      View Details
    • $999,000
      2,101 SF

      Farmstead on 20 Acres

      150-year-old farmstead on two 10-acre parcels near Ann Arbor.
      8620 Scio Church Rd, Ann Arbor, MI 48103
      View Details
    • $560,000
      0.11 Acres

      Ann Arbor Duplex in Old West

      Charming duplex in Ann Arbor's desirable Old West Side.
      222 Buena Vista Ave, Ann Arbor, MI 48103
      View Details
    • $680,000
      4,532 SF

      Ann Arbor Retail/Office Space

      Well-maintained retail/office space in Ann Arbor's west side.
      2237 W Liberty St, Ann Arbor, MI 48103
      View Details
    • $1,890,000
      0.28 Acres

      Modernized Duplex Near University Campus

      Fully leased duplex near University of Michigan with recent renovations.
      1702 Hill St, Ann Arbor, MI 48104
      View Details
    • $4,150,000
      0.07 Acres

      Ann Arbor Condo Income Property

      Four-unit condo near The Big House with en-suite bedrooms.
      450-462 W Stadium Blvd, Ann Arbor, MI 48103
      View Details
    • $5,495,000
      0.21 Acres

      Ann Arbor Multifamily Investment Property

      Fully leased, renovated student rental near University of Michigan campus.
      912 Mary St, Ann Arbor, MI 48104
      View Details
    • $3,750,000
      0.30 Acres

      Ann Arbor Multifamily Investment Opportunity

      Historic 11-unit property near University of Michigan with development potential.
      1136 Prospect St, Ann Arbor, MI 48104
      View Details
    • $825,000
      0.15 Acres

      Ann Arbor Triplex Investment Opportunity

      Meticulously maintained Ann Arbor triplex near stadium with updated units.
      220 W Mosley St, Ann Arbor, MI 48103
      View Details
    • $648,000
      7.79 Acres

      Ann Arbor Commercial Land

      7.79 acre commercial property in Ann Arbor, Michigan.
      5860 Ford Rd, Ann Arbor, MI 48105
      View Details

    FAQs

    What type of property is this?
    Commercial land - Partially developed 5.62 acre site with utilities in place.
    Where is this commercial land located?
    The property is located at 4343 Concourse Dr Ann Arbor, MI.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Partially developed 10.44 acre site.; - 5.62 acre portion has two pads, utilities, and infrastructure ready for new construction.; - Previously approved for three 33,000 SF office buildings.
    (734) 662-3778
    Request Owner's contact information
    4343 Concourse Dr Ann Arbor, MI 48108
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4343 Concourse Dr
    Ann Arbor, MI 48108
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4343 Concourse Dr Ann Arbor, MI 48108
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Bart Wise
    Bart Wise
    Real Estate License ID: #6502101921
    (734) 662-3778 (734) 358-0354 (734) 663-0501
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!