Office Condo with Covered
For Sale
$495,000
1310 S Main St, Ann Arbor, MI 48104
Efficient office layout includes reception, private offices, a conference room, work area, and kitchenette.
Property Size1,448 SF
Price / SF$341.85
Days on Market64
Property Features for 1310 S Main St
General Information
Standard status
Active
Size
1,448 SF
Total Parking Spaces
3
Property subtype
Office
Site & Location
Neighborhood
Friends of Greenview and Pioneer Nature Area
Highway Access
Yes
Public Transit
Yes
Listing Agency:
Ann Arbor
Listed By:
James Chaconas · License #6502358011
(734) 769-5005
Source:
Colliers
Added: Aug 26
Changed: Oct 25
Last Checked: Oct 28 at 4:39AM
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 Ann Arbor
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Investment Insights
Based on property information with market context.
This 1,448-square-foot office condominium at Stadium Commons Condominium offers a practical professional layout with reception space, private offices, a conference room, dedicated workspace, and a kitchenette. The mixed-use property is professionally managed and includes three reserved covered parking spaces, along with additional on-street parking for employees and visitors.
The office is positioned for access to downtown Ann Arbor, the University of Michigan, Michigan Medicine, major highways, and public transit. Its combination of defined work areas, meeting space, and parking supports a range of owner-user office operations within a managed condominium setting.
The office is positioned for access to downtown Ann Arbor, the University of Michigan, Michigan Medicine, major highways, and public transit. Its combination of defined work areas, meeting space, and parking supports a range of owner-user office operations within a managed condominium setting.
Key Highlights
- 1,448 SF office condominium at Stadium Commons Condominium
- Reception area, private offices, conference room, workspace, and kitchenette
- Three reserved covered parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,268
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,360
$325.4K
Cap Rate 7%
$232,400
$232.4K
Cap Rate 9%
$180,756
$180.8K
Market Conditions
NOI Build-Up for 1,448 SF
Gross rent
$25.4K $17.52/SF
− Vacancy
−$3.7K −$2.54/SF
EGI
$21.7K $14.98/SF
− OpEx
−$5.4K −$3.74/SF
NOI
$16.3K $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%
$325,360
Cap Rate 7%
$232,400
Cap Rate 9%
$180,756
Alternative Uses
Best Use
Office B
$232.4K
$203.4K – $271.1K
NOI $16,268 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$319.8K
$279.8K – $373.1K
NOI $22,386 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Explore this area
Business Placement
Demographics for 48104, MI
41,588
Population
19,173
Households
2.2
Avg Household Size
27
Median Age
82%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
5,332
Density / Sq Mi
$63,341
Median Household Income
$16,073
Median Earnings
$1,548
Median Rent
$481,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Efficient office layout includes reception, private offices, a conference room, work area, and kitchenette.
Where is this office unit located?
The property is located at 1310 S Main St Ann Arbor, MI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1,448 SF office condominium at Stadium Commons Condominium; Reception area, private offices, conference room, workspace, and kitchenette; Three reserved covered parking spaces
