West Side Retail/Office
For Sale
$680,000
2237-2239 W Liberty, Ann Arbor, MI 48103
Well-maintained retail/office space in established Ann Arbor location.
Property Size3,242 SF
Price / SF$209.75
Days on Market576
Property Features for 2237-2239 W Liberty
General Information
Standard status
Active
Size
3,242 SF
Property subtype
Retail
Zoning
TC1
Building Details
Building Size
3,242 SF
Year Built
1965
Buildings
2
Stories
1
Listing Agency:
Reinhart Commercial
Listed By:
Amy Freundl · License #6506044351
(231) 620-1932
Source:
Cpix.resimplifi
Added: Mar 25, 2025
Changed: Oct 3
Last Checked: Oct 20 at 5:25PM
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 Reinhart Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained retail/office space is available for sale, lease, or lease with an option to purchase for a qualified buyer. The property is located on the west side of Ann Arbor, in an area with established businesses and high traffic. The building offers private on-site parking. The available space is 2800+/- square feet. The property is zoned TC1 - Transit Corridor and has a total size of 3242 square feet.
Key Highlights
- High‑traffic location on Ann Arbor's west side, ideal for attracting customers.
- Versatile options: For Sale, For Lease, or Lease with Option to Purchase.
- Private on‑site parking for convenient access.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,398
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,960
$768.0K
Cap Rate 7%
$548,543
$548.5K
Cap Rate 9%
$426,644
$426.6K
Market Conditions
NOI Build-Up for 3,242 SF
Gross rent
$58.4K $18.00/SF
− Vacancy
−$3.5K −$1.08/SF
EGI
$54.9K $16.92/SF
− OpEx
−$16.5K −$5.08/SF
NOI
$38.4K $11.84/SF
Area
Ann Arbor, MI
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,960
Cap Rate 7%
$548,543
Cap Rate 9%
$426,644
Alternative Uses
Best Use
Retail
$548.5K
$480.0K – $640.0K
NOI $38,398 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$716.0K
$626.5K – $835.4K
NOI $50,121 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,184
Businesses Nearby
Explore this area
Business Placement
Demographics for 48103, MI
55,605
Population
25,511
Households
2.2
Avg Household Size
40
Median Age
75%
College-Educated
97%
High-School Grad
66.5 sq mi
ZIP Area
836
Density / Sq Mi
$115,513
Median Household Income
$65,698
Median Earnings
$1,760
Median Rent
$455,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Well-maintained retail/office space in established Ann Arbor location.
Where is this retail space located?
The property is located at 2237-2239 W Liberty Ann Arbor, MI.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: High‑traffic location on Ann Arbor's west side, ideal for attracting customers.; Versatile options: For Sale, For Lease, or Lease with Option to Purchase.; Private on‑site parking for convenient access.
