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Retail and Medical Office Space
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5950 S State Rd, Ann Arbor, MI 48108

New construction retail/medical/office building with utilities, power, and services in place for interior improvements.

Space Size3,745 SF
Days on Market726

Property Features for 5950 S State Rd

General Information

Standard status Active
Size 3,745 SF
Property subtype RETAIL
Lease Type NNN

Spaces For Lease

at 5950 S State Rd
Building 1 $22 – $28/SF/Yr
Floor 1
Size 3,745 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- Inglewood Park is the retail/medical/office development phase of PUD development - Brand New State of the Art Construction All Utilities, Power, & Services are in Place and Ready to Begin Interior Improvements - Avis Farms located Across the Street is Home to Many Employers and Will Serve as an Immediate Retail or Medical Building for These Employees. Located In Front of Brand New 106 Single Family Homes Along with 86 Condominium Units. Phase II will have 220 units. - Textile Road was Recently Improved and Has a Direct Route From Michigan Ave (M-12) to S. State Street Major Retailers within the Immediate Trade Area are: Briarwood Mall, Costco, and Wal Mart Site is Easily Accessible to I-94, US-23, Michigan Ave & M-14.
Contact us
Listing Agency: NAI Farbman - Corporate
Listed By: Ron Goldstone · License #6502102638
Source: Moodyscre
Added: Oct 10, 2024 Changed: Sep 9 Last Checked: Oct 5 at 6:17PM

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 NAI Farbman - Corporate

Investment Insights

Based on property information with market context.

Inglewood Park offers new construction retail/medical/office development with all utilities, power, and services already in place, ready to begin interior improvements.

The site is located along S. State Rd in front of 106 single-family homes and 86 condominium units, with Phase II planned for an additional 220 units. Avis Farms is located across the street, and Textile Road has been recently improved with a direct route from Michigan Ave (M-12) to S. State Street. The property also provides access to I-94, US-23, Michigan Ave (M-12), and M-14. Major retailers in the immediate trade area include Briarwood Mall, Costco, and Wal Mart.

Key Highlights

  • Retail/medical/office development phase of a PUD project at Inglewood Park
  • Brand‑new construction with all utilities, power, and services already in place and ready for interior improvements
  • Located in front of new 106 single‑family homes and 86 condominium units (Phase II planned for 220 units)

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency HVAC Service Big Box & Wholesale Store Law Firm Garden Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

67
Businesses Nearby

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

Market

Lease Benchmarks for Ann Arbor, MI

$27.06 /SF/Yr
Avg Asking Price
$1.3–$63.23 /SF/Yr
Price Range
7,881 SF
Avg Space Size

This space is priced 19% below the average of $27.06 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - New construction retail/medical/office building with utilities, power, and services in place for interior improvements.
Where is this retail space located?
The property is located at 5950 S State Rd Ann Arbor, MI.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Retail/medical/office development phase of a PUD project at Inglewood Park; Brand‑new construction with all utilities, power, and services already in place and ready for interior improvements; Located in front of new 106 single‑family homes and 86 condominium units (Phase II planned for 220 units)
(248) 351-4371 Call to check price and availability
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