Office Building with
1621 Plymouth Rd Ann Arbor, MI 48105
1621 Plymouth Rd, Ann Arbor, MI, 48105
$999,900
For Sale
$999,900
Versatile office space with adaptable rooms, generous storage, and abundant parking, zoned C-1 Business.
Property Size3,000 SF
Price / SF$333.30
Days on Market35
Property Features for 1621 Plymouth Rd
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2008
Listing agency
(810) 227-5005
Listed by
Michelle Vedder · License #6501301460
(810) 227-5005
Source
Elliman
Added: Jun 17 Updated: Jul 20 at 4:46PM Checked: Jul 20 at 4:46PM
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 Michelle Vedder
Investment Insights
Based on property information with market context.
This for-sale office property offers nearly 3,000 square feet of flexible interior space with adaptable rooms that can function as offices or meeting areas. The building includes generous storage areas designed to support day-to-day operations. Phase 1 and Phase 2 have been completed.
The property is located just off Plymouth Road with easy access to major freeways. The site also benefits from an income stream generated by a nearby cell phone tower and provides abundant parking for staff and customers.
Per the provided information, the property is zoned C-1 Business.
The property is located just off Plymouth Road with easy access to major freeways. The site also benefits from an income stream generated by a nearby cell phone tower and provides abundant parking for staff and customers.
Per the provided information, the property is zoned C-1 Business.
Key Highlights
- Commercial building built in 2008 offering nearly 3,000 SF of versatile space for offices, meeting areas, or other business uses
- Zoned C‑1 Business
- Phase 1 and Phase 2 have been completed
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.6k | $17.52 |
| − Vacancy | −$7.6k | −$2.54 |
| EGI | $44.9k | $14.98 |
| − OpEx | −$11.2k | −$3.74 |
| NOI | $33.7k | $11.23 |
3,000 SF · lease $17.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$481.5K
$421.3K – $561.7K
NOI $33,704 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$662.6K
$579.8K – $773.0K
NOI $46,380 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Penske Truck Rental
Car Rental Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Versatile office space with adaptable rooms, generous storage, and abundant parking, zoned C-1 Business.
Where is this office units located?
The property is located at 1621 Plymouth Rd Ann Arbor, MI.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Commercial building built in 2008 offering nearly 3,000 SF of versatile space for offices, meeting areas, or other business uses; Zoned C‑1 Business; Phase 1 and Phase 2 have been completed
