Retail Storefront For
For Sale
Contact for pricing
4801 Washtenaw Ave, Ann Arbor, MI 48108
Retail storefront property available for sale on Washtenaw Avenue in Ann Arbor.
Property Size19,550 SF
Price / SF$0.00
Days on Market705
Property Features for 4801 Washtenaw Ave
General Information
Standard status
Active
Size
19,550 SF
Total Parking Spaces
20
Property subtype
Retail
Zoning
C-2/FB
Site & Location
Neighborhood
Geddes
Building Details
Building Size
19,550 SF
Year Built
1973
Year Renovated
1988
Buildings
1
Stories
1
Listing Agency:
Signature Associates - Southfield
Listed By:
Drake Filippis · License #6505240607
(248) 799-3161
Source:
Cpix.resimplifi
Added: Nov 19, 2024
Changed: Oct 14
Last Checked: Oct 24 at 1:45PM
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 Signature Associates - Southfield
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail storefront property is offered for sale at 4801 Washtenaw Avenue in Ann Arbor, Michigan. The offering is categorized as retail space and storefront properties, providing a straightforward commercial real estate option for buyers seeking a retail-oriented building.
The property’s location on Washtenaw Avenue places it along a primary commercial corridor in Ann Arbor, supporting convenient day-to-day access for retail customers. Specific details such as frontage, configuration, and improvements are not provided in the available information.
For tenants or owner-operators, a storefront-format retail asset can align well with businesses that benefit from a retail presentation and customer-facing presence. For investors or buyers, the property may also be considered as a focused retail asset, though additional diligence will be needed to confirm unit layout, lease status, and any available building specifications. For a complete review, interested parties should request the full broker package covering condition, current tenancy, and site/building details.
The property’s location on Washtenaw Avenue places it along a primary commercial corridor in Ann Arbor, supporting convenient day-to-day access for retail customers. Specific details such as frontage, configuration, and improvements are not provided in the available information.
For tenants or owner-operators, a storefront-format retail asset can align well with businesses that benefit from a retail presentation and customer-facing presence. For investors or buyers, the property may also be considered as a focused retail asset, though additional diligence will be needed to confirm unit layout, lease status, and any available building specifications. For a complete review, interested parties should request the full broker package covering condition, current tenancy, and site/building details.
Key Highlights
- Retail storefront property for sale on Washtenaw Avenue in Ann Arbor, MI 48108
- Address: 4801 Washtenaw Avenue, Ann Arbor, MI 48108‑3437
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$231,550
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,631,000
$4.6M
Cap Rate 7%
$3,307,857
$3.3M
Cap Rate 9%
$2,572,778
$2.6M
Market Conditions
NOI Build-Up for 19,550 SF
Gross rent
$351.9K $18.00/SF
− Vacancy
−$21.1K −$1.08/SF
EGI
$330.8K $16.92/SF
− OpEx
−$99.2K −$5.08/SF
NOI
$231.6K $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%
$4,631,000
Cap Rate 7%
$3,307,857
Cap Rate 9%
$2,572,778
Alternative Uses
Best Use
Retail
$3.31M
$2.89M – $3.86M
NOI $231,550 @ 7.0% cap · market cap 2,153,953.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.32M
$3.78M – $5.04M
NOI $302,240 @ 7.0% cap · market cap 2,811,534.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
119k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 22%
Groceries 13%
Home Improvements & Furnishings 11%
McDonald's
Dining
21,575 visits/mo
0.1 miles
Fresh Thyme Market
Groceries
15,923 visits/mo
0.3 miles
At Home
Home Improvements & Furnishings
11,449 visits/mo
0.3 miles
Burger King
Dining
11,259 visits/mo
0.1 miles
BP
Shops & Services
9,415 visits/mo
0.2 miles
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Retail storefront property available for sale on Washtenaw Avenue in Ann Arbor.
Where is this retail space located?
The property is located at 4801 Washtenaw Ave Ann Arbor, MI.
What are key features of this property?
This property features: Retail storefront property for sale on Washtenaw Avenue in Ann Arbor, MI 48108; Address: 4801 Washtenaw Avenue, Ann Arbor, MI 48108‑3437
