Single-User Office
For Sale
$696,000
2201 Medford Rd, Ann Arbor, MI 48104
Compact office layout with multiple private rooms, a lobby, and a setting near shops, restaurants, and outdoor recreation.
Property Size2,275 SF
Price / SF$305.93
Days on Market727
Property Features for 2201 Medford Rd
General Information
Standard status
Active
Size
2,275 SF
Class
C
Total Parking Spaces
9
Property subtype
Office
Zoning
OFFICE
Building Details
Building Size
2,275 SF
Year Built
1958
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Thomas A. Duke Company
Listed By:
James C. Porth
(248) 760-5805
Source:
Cpix.resimplifi
Added: Oct 21, 2024
Changed: Oct 10
Last Checked: Oct 16 at 5:37AM
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 Thomas A. Duke Company
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Investment Insights
Based on property information with market context.
This 2,275-square-foot office property contains six offices and a lobby within a single-user configuration. Built in 1958, the building carries OFFICE zoning and is offered for sale subject to a 1031 tax exchange requirement.
The property is positioned on Medford Rd near Washtenaw Ave and Stadium Blvd in Ann Arbor, with shops and restaurants nearby. It also connects directly to the Country Farm Park trailhead, adding an outdoor amenity immediately adjacent to the office setting.
The property is positioned on Medford Rd near Washtenaw Ave and Stadium Blvd in Ann Arbor, with shops and restaurants nearby. It also connects directly to the Country Farm Park trailhead, adding an outdoor amenity immediately adjacent to the office setting.
Key Highlights
- 2,275 SF office building with six offices and a lobby
- Single‑user office configuration with OFFICE zoning
- Built in 1958
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,559
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,180
$511.2K
Cap Rate 7%
$365,129
$365.1K
Cap Rate 9%
$283,989
$284.0K
Market Conditions
NOI Build-Up for 2,275 SF
Gross rent
$39.9K $17.52/SF
− Vacancy
−$5.8K −$2.54/SF
EGI
$34.1K $14.98/SF
− OpEx
−$8.5K −$3.74/SF
NOI
$25.6K $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%
$511,180
Cap Rate 7%
$365,129
Cap Rate 9%
$283,989
Alternative Uses
Best Use
Office B
$365.1K
$319.5K – $426.0K
NOI $25,559 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$502.4K
$439.6K – $586.2K
NOI $35,171 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office space - Compact office layout with multiple private rooms, a lobby, and a setting near shops, restaurants, and outdoor recreation.
Where is this office space located?
The property is located at 2201 Medford Rd Ann Arbor, MI.
What is the asking price?
The asking price for this property is $696,000.
What are key features of this property?
This property features: 2,275 SF office building with six offices and a lobby; Single‑user office configuration with OFFICE zoning; Built in 1958
