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Second-Floor Office Condo
New
For Lease
$26.50 SF/Yr

203 E Washington St #3, Ann Arbor, MI 48104

Three private rooms and an open work area provide a flexible configuration for office use.

Space Size1,781 SF
Days on Market5

Property Features for 203 E Washington St #3

General Information

Standard status Active
Size 1,781 SF
Net Rentable 1,781 SF
Property subtype Office
Zoning D-1

Space & Availability

Available Space 1,781 SF
Contiguous Space 1,781 SF
Floor 2
Space Use Live-Work
Sublease No
Private Offices 3

Amenities

full kitchen
full private bathroom
washer and dryer
storage closets
hardwood floors
built-in shelving
vaulted ceiling
large windows

Building Details

Year Built 1901
Buildings 1
Stories 2
Tenancy Single Tenant
Construction exposed brick
Listing Agency: Swisher Commercial
Listed By: Jeffrey Evans
Source: Cpix.resimplifi
Added: Oct 1 Changed: Oct 4 Last Checked: Oct 5 at 3:10PM

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

Investment Insights

Based on property information with market context.

This 1,781-square-foot condominium occupies the second floor and was built in 1901. Its interior combines three private rooms with an open work area, complemented by exposed brick, hardwood flooring, wood trim, and built-in shelving. Ceiling heights range from 7 feet 4 inches to 16 feet, with a vaulted section featuring exposed wood framing. The space also includes a kitchen with an island, a private full bathroom with shower, a washer and dryer, and several storage closets. A live-work arrangement may be possible, subject to confirmation of zoning and condominium requirements.

The property is in downtown Ann Arbor near Fourth Avenue. Restaurants, coffee shops, retail, and municipal street and structure parking are within walking distance. The zoning designation is D-1.

Key Highlights

  • 1,781 SF second‑floor condominium
  • Three private rooms plus an open work area
  • Ceiling heights range from 7'4" to 16', including a vaulted section

Property Analytics

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Current Use

The Arena Bar & Pub HealPay (Bike/Boat/Book/etc) Store Little Mac Shack Restaurant Haymaker Public House Bar & Pub

Suggested Use

Top Pick Electrical Service HVAC Service Kitchen & Bath Showroom Plumbing Service (Bike/Boat/Book/etc) Store Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.97 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,422
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Ann Arbor, MI

$21.74 /SF/Yr
Avg Asking Price
$9.89–$63.23 /SF/Yr
Price Range
9,540 SF
Avg Space Size

This space is priced 22% above the average of $21.74 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Three private rooms and an open work area provide a flexible configuration for office use.
Where is this office units located?
The property is located at 203 E Washington St #3 Ann Arbor, MI.
What is the lease rate?
The lease rate is $26.50 SF/Yr.
What are key features of this property?
This property features: 1,781 SF second‑floor condominium; Three private rooms plus an open work area; Ceiling heights range from 7'4" to 16', including a vaulted section
More about this property
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