Two-Building Office
1793 W Stadium Blvd, Ann Arbor, MI 48103
For Sale
Contact for pricing
Two one-story structures offer basement storage, marked parking, and signage along W. Stadium Boulevard.
Property Size4,252 SF
Lot Size0.44 Acres
Price / SF$258.70
Days on Market63
Property Features for 1793 W Stadium Blvd
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Building Details
Year Built
Buildings
Stories
Construction
Listing Agency:
Swisher Commercial
Listed By:
Bart Wise · License MI #6502101921
(734) 662-3778
Source:
Crexi
Added: Sep 9
Changed: Oct 26
Last Checked: Nov 8 at 7:08AM
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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Investment Insights
Based on property information with market context.
This office property includes two one-story masonry and frame buildings totaling 4,252 SF, each with a full basement. Constructed in 1965, the buildings measure 1,612 SF and 2,640 SF respectively. The larger structure is arranged as a single dental unit, while the other includes two gas-fired forced-air furnaces with matching air-conditioning condensers. The larger building has one furnace and one air-conditioning condenser. Both structures have pitched asphalt-shingle roofs.
The irregular 0.44-acre site provides 23 marked parking spaces, approximately 160 feet of frontage on W. Stadium Boulevard, and approximately 120 feet along Suffolk Avenue. Exterior signage is included along W. Stadium Boulevard. The property is positioned on Ann Arbor’s west side with connections to downtown Ann Arbor, the University of Michigan, I-94, M-14, and US-23.
The irregular 0.44-acre site provides 23 marked parking spaces, approximately 160 feet of frontage on W. Stadium Boulevard, and approximately 120 feet along Suffolk Avenue. Exterior signage is included along W. Stadium Boulevard. The property is positioned on Ann Arbor’s west side with connections to downtown Ann Arbor, the University of Michigan, I-94, M-14, and US-23.
Key Highlights
- Two one‑story office buildings total 4,252 SF with full storage basements
- Building sizes are 1,612 SF and 2,640 SF
- Larger building configured as a single dental unit
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
Healthcare Medical
$650.8K
$569.4K – $759.2K
NOI $45,554 @ 7.0% cap · market cap 4.14%
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.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
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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
$455,100
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Ann Arbor, MI
Properties on Market for Office buildings in Ann Arbor
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Two one-story structures offer basement storage, marked parking, and signage along W. Stadium Boulevard.
Where is this office building located?
The property is located at 1793 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 total 4,252 SF with full storage basements; Building sizes are 1,612 SF and 2,640 SF; Larger building configured as a single dental unit
