Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ann Arbor Mixed-Use Development Opportunity Title is generated by Realmo AI

    1500 Dhu Varren, Ann Arbor, MI 48105

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,200,000

    Mixed-use development opportunity in Ann Arbor's northside.

    Type:Land
    Added:
    Mar 6, 2026
    Days on Market:
    77
    Last Refresh:
    Apr 6 at 12:48 am

    Property Features for 1500 Dhu Varren

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Charlie Koenn
    Charlie Koenn

    Listing agent Charlie Koenn License #MI #6506040186

    Listing office Swisher Commercial

    Listing date Mar 6, 2026

    Source Swishercommercial

    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 Swisher Commercial

    HighLights

    • Mixed‑use development opportunity with plans for 150 units and ground‑level commercial space.
    • Located in Ann Arbor's northside, an area of new development.
    • Higher elevation provides views of Ann Arbor and the Huron River valley.
    • Proximity to parks and trails.
    • Minutes from downtown Ann Arbor.
    • Located at the corner of Pontiac Trail and Dhu Varren.

    Overview

    This mixed-use development opportunity is located in Ann Arbor's northside, at the corner of Pontiac Trail and Dhu Varren. The area features new development, parks, and trails, and is located minutes from downtown. Situated on a higher elevation, the property provides views of the City of Ann Arbor and the Huron River valley. The property is currently in the planning stages for 150 units with commercial space on the ground level.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Building Supply Auto Repair Shop Accounting Firm Daycare Center Grocery & Convenience Store Computer & Electronic Repair Tech Support Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.732
    Latitude
    42.3157

    Nearby Similar for Sale

    • $300,000
      2,256 SF

      Ann Arbor Commercial Repositioning Opportunity

      Versatile commercial property with high-traffic frontage in Ann Arbor.
      4090 Packard Street, Ann Arbor, MI 48108
      View Details
    • $475,000
      3,552 SF

      Versatile Ann Arbor Commercial Property

      5.71 acres with flexible zoning and custom Wick barn.
      5832 Pontiac Trail, Ann Arbor, MI 48105
      View Details
    • $475,000
      3,552 SF

      Versatile Land with Custom Barn

      5.71 acres in Ann Arbor with AG/Office zoning.
      5832 Pontiac Trail, Ann Arbor, MI 48105
      View Details
    • $585,000

      Ann Arbor Lakefront Building Site

      3+ acre lakefront lot in Ann Arbor with many possibilities.
      5900 Cherry Hill Road, Ann Arbor, MI 48105
      View Details
    • $950,000

      Vacant Lot Near University Campus

      Rare vacant land parcel near University of Michigan campus.
      1124 Prospect Street, Ann Arbor, MI 48104
      View Details
    • $2,575,000

      Renovated Multi-Unit Near University Campus

      Renovated student rental property near University of Michigan's Central Campus.
      1104 Packard Street, Ann Arbor, MI 48104
      View Details
    • $549,000

      Charming Duplex Near Downtown

      Investment opportunity: charming duplex with updated amenities near downtown.
      413 S Revena Boulevard, Ann Arbor, MI 48103
      View Details
    • $690,000
      3,348 SF

      Ann Arbor Retail Investment Opportunity

      High-visibility retail property with national tenant in Ann Arbor.
      3000 Packard Street, Ann Arbor, MI 48108
      View Details
    • $5,295,000

      Student Rental Near Central Campus

      Fully leased, renovated student rental property near University of Michigan.
      912 Mary Street, Ann Arbor, MI 48104
      View Details
    • $790,000

      Ann Arbor Multi-Family Investment

      Investment opportunity near University of Michigan with potential for six occupants.
      1505 S State Street, Ann Arbor, MI 48104
      View Details
    • $685,000

      Ann Arbor Multifamily Investment Property

      Multifamily property near University of Michigan with income potential.
      711 Granger Avenue, Ann Arbor, MI 48104
      View Details
    • $3,750,000

      Ann Arbor Multifamily Investment Opportunity

      Historic 11-unit property near University of Michigan with development potential.
      1136 Prospect Street, Ann Arbor, MI 48104
      View Details

    FAQs

    What type of property is this?
    Commercial land - Mixed-use development opportunity in Ann Arbor's northside.
    Where is this commercial land located?
    The property is located at 1500 Dhu Varren Ann Arbor, MI.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Mixed‑use development opportunity with plans for **150 units and ground‑level commercial space.**; Located in Ann Arbor's northside, an area of new development.; Higher elevation provides **views of Ann Arbor and the Huron River valley.**
    (734) 926-0230
    We can help!
    Listing Contact
    Charlie Koenn
    Charlie Koenn
    Real Estate License ID: MI #6506040186
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1500 Dhu Varren, Ann Arbor, MI 48105
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!