Two-Building Office
For Sale
$1,100,000
1793-1795 W Stadium Blvd, Ann Arbor, MI 48103
Two one-story structures offer full basements, on-site parking, and signage along West Stadium Boulevard.
Property Size4,252 SF
Price / SF$258.70
Days on Market48
Property Features for 1793-1795 W Stadium Blvd
General Information
Standard status
Active
Size
4,252 SF
Property subtype
Office
Zoning
TC1 – Transit Corridor District
Occupancy
100%
Site & Location
Neighborhood
South Maple Group
Building Details
Year Built
1965
Buildings
2
Stories
1
Construction
masonry and frame
Tenancy
Multi
Abandoned
No
Listing Agency:
Swisher Commercial
Listed By:
Bart Wise · License #MI #6502101921
(734) 358-0354
Source:
Swishercommercial
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 28 at 5:52AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property includes two one-story masonry and frame buildings totaling 4,252 SF, with full storage basements beneath each structure. Both buildings were constructed in 1965 and are configured for professional and medical office use. The property is zoned TC1 – Transit Corridor District.
The buildings are 100% occupied, with an insurance company operating at 1793 W Stadium since 2020 and a dentist occupying 1795 W Stadium since 2019. Additional site features include signage on West Stadium Boulevard and a parking lot resurfaced in 2023. New HVAC units are scheduled for 2026. Financial information and a rent roll are available upon request.
The buildings are 100% occupied, with an insurance company operating at 1793 W Stadium since 2020 and a dentist occupying 1795 W Stadium since 2019. Additional site features include signage on West Stadium Boulevard and a parking lot resurfaced in 2023. New HVAC units are scheduled for 2026. Financial information and a rent roll are available upon request.
Key Highlights
- Two one‑story office buildings totaling 4,252 SF
- Full storage basement in each building
- 100% occupied by an insurance company and dentist
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,770
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,400
$955.4K
Cap Rate 7%
$682,429
$682.4K
Cap Rate 9%
$530,778
$530.8K
Market Conditions
NOI Build-Up for 4,252 SF
Gross rent
$74.5K $17.52/SF
− Vacancy
−$10.8K −$2.54/SF
EGI
$63.7K $14.98/SF
− OpEx
−$15.9K −$3.74/SF
NOI
$47.8K $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%
$955,400
Cap Rate 7%
$682,429
Cap Rate 9%
$530,778
Alternative Uses
Best Use
Office B
$682.4K
$597.1K – $796.2K
NOI $47,770 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$939.1K
$821.7K – $1.10M
NOI $65,735 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
Explore this area
Business Placement
Demographics for 48103, MI
55,605
Population
25,511
Households
2.2
Avg Household Size
40
Median Age
75%
College-Educated
97%
High-School Grad
66.5 sq mi
ZIP Area
836
Density / Sq Mi
$115,513
Median Household Income
$65,698
Median Earnings
$1,760
Median Rent
$455,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Two one-story structures offer full basements, on-site parking, and signage along West Stadium Boulevard.
Where is this office building located?
The property is located at 1793-1795 W Stadium Blvd Ann Arbor, MI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two one‑story office buildings totaling 4,252 SF; Full storage basement in each building; 100% occupied by an insurance company and dentist
