Ann Arbor Office/Industrial
For Sale
Contact for pricing
Pending
560 Avis Dr, Ann Arbor, MI 48108
Standalone building with heavy power, good parking, flexible utility.
Property Size17,928 SF
Days on Market539
Property Features for 560 Avis Dr
General Information
Standard status
Pending
Size
17,928 SF
Class
B
Property subtype
Office, Industrial
Zoning
BD
Building Details
Year Built
1990
Stories
1
Listing Agency:
Cresa
Listed By:
Bill Vogel · License #MI 65-02-433410
Source:
Crexi
Added: Apr 15, 2025
Changed: Sep 23
Last Checked: Oct 5 at 6:15PM
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 Cresa
Investment Insights
Based on property information with market context.
This standalone building, located in Avis Park, Ann Arbor, is suitable for both office and industrial use. The property offers heavy power, good parking, and flexible utility options. It is designed as a single tenant building.
Key Highlights
- Standalone office and industrial building
- Located in Avis Park, Ann Arbor
- Benefit from heavy power capacity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$201,416
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,028,320
$4.0M
Cap Rate 7%
$2,877,371
$2.9M
Cap Rate 9%
$2,237,956
$2.2M
Market Conditions
NOI Build-Up for 17,928 SF
Gross rent
$314.1K $17.52/SF
− Vacancy
−$45.5K −$2.54/SF
EGI
$268.6K $14.98/SF
− OpEx
−$67.1K −$3.74/SF
NOI
$201.4K $11.23/SF
Area
Ann Arbor, MI
Vacancy
14.50%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,028,320
Cap Rate 7%
$2,877,371
Cap Rate 9%
$2,237,956
Alternative Uses
Best Use
Office B
$2.88M
$2.52M – $3.36M
NOI $201,416 @ 7.0% cap · market cap 9.16%
Second Best
Industrial
$1.31M
$1.14M – $1.53M
NOI $91,562 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$3.96M
$3.46M – $4.62M
NOI $277,164 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Explore this area
Business Placement
Demographics for 48108, MI
26,639
Population
12,508
Households
2.1
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
16.8 sq mi
ZIP Area
1,586
Density / Sq Mi
$80,425
Median Household Income
$46,434
Median Earnings
$1,316
Median Rent
$378,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Standalone building with heavy power, good parking, flexible utility.
Where is this office building located?
The property is located at 560 Avis Dr Ann Arbor, MI.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Standalone office and industrial building; Located in Avis Park, Ann Arbor; Benefit from **heavy power capacity**
