High-Visibility Commercial Building on
4837 Washtenaw Ave Ann Arbor, MI 48108
For Sale
$525,000
Stand-alone building on high-traffic corridor, ideal for redevelopment.
Property Size1,982 SF
Lot Size0.63 Acres
Price / SF$264.88
Days on Market150
Property Features for 4837 Washtenaw Ave
General Information
- Standard status
- Active
- Size
- 1,982 SF
- Lot size
- 0.63 Acres
- Property subtype
- Retail
Listing Agency:
Swisher Commercial
(734) 926-0222
Listed By:
Jeff Evans · License #MI #6506045981
Source:
Swishercommercial
Added: Feb 25
Changed: Jul 10
Last Checked: Jul 25 at 3:21AM
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 Swisher Commercial
Investment Insights
Based on property information with market context.
This stand-alone commercial building offers 1,982 square feet of space on 0.6262 acres. Situated along the high-traffic Washtenaw Avenue corridor in Pittsfield Township, the property benefits from high visibility with over 20,000 vehicles passing daily. The location is in a federally designated Opportunity Zone. Zoned FB – Form Based (Washtenaw Ave Mixed Use), the property allows for diverse commercial and redevelopment uses. An existing tenant could provide income while planning for future use. The property provides excellent regional access, located one mile from US-23 with quick connections to I-94 and M-14. Strong visibility, signage potential, and proximity to a dense retail and residential corridor are additional benefits, making it a flexible footprint in one of the area’s most active mixed-use commercial districts. This property presents a rare opportunity for owner-occupiers, investors, and redevelopment users.
Key Highlights
- High‑traffic location on Washtenaw Avenue with 20,000 vehicles per day.
- Flexible FB – Form Based zoning allowing diverse commercial and redevelopment uses.
- Located in a federally designated Opportunity Zone.
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 | $35.7k | $18.00 |
| − Vacancy | −$2.1k | −$1.08 |
| EGI | $33.5k | $16.92 |
| − OpEx | −$10.1k | −$5.08 |
| NOI | $23.5k | $11.84 |
1,982 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$335.4K
$293.4K – $391.3K
NOI $23,475 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$437.7K
$383.0K – $510.7K
NOI $30,641 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Yee Siang Dumplings
Restaurant
FAQs
What type of property is this?
Storefront property - Stand-alone building on high-traffic corridor, ideal for redevelopment.
Where is this storefront property located?
The property is located at 4837 Washtenaw Ave Ann Arbor, MI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: High‑traffic location on Washtenaw Avenue with 20,000 vehicles per day.; Flexible FB – Form Based zoning allowing diverse commercial and redevelopment uses.; Located in a federally designated Opportunity Zone.
