Office Units with Fitness
For Sale
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206 E Huron St, Ann Arbor, MI 48104
Configurable workspace combines private offices, open work areas, and substantial technology infrastructure.
Property Size24,000 SF
Price / SF$0.00
Days on Market13
Property Features for 206 E Huron St
General Information
Standard status
Active
Size
24,000 SF
Class
A
Total Parking Spaces
8
Property subtype
Office
Zoning
C2B-R
Amenities
fitness center
locker rooms
showers
laundry
sauna & steam room
kitchen
event space
coffee shop
Building Details
Building Size
24,000 SF
Year Built
1858
Year Renovated
2015
Buildings
1
Stories
2
Tenancy
Multi-Tenant
Listing Agency:
Signature Associates - Southfield
Listed By:
Mark Woods
(248) 376-6008
Source:
Cpix.resimplifi
Added: Oct 7
Changed: Oct 19
Last Checked: Oct 19 at 2:22PM
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 Signature Associates - Southfield
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Investment Insights
Based on property information with market context.
Office space at 206 E. Huron St. offers configurations ranging from 5,604 to 24,000 square feet, with private offices, open work areas, and flexibility for a custom interior. The building dates to 1858, and its office build-out was completed in 2015. Technology features include 400 CAT6 drops, a UniFi network with 14 switches, 28 Wi-Fi access points, electronic entry controls, and 35 surveillance cameras.
On-site amenities include a fitness center with locker rooms, showers, laundry, a sauna, and a steam room, along with a kitchen, event space, and coffee shop. Preparations for rooftop construction are complete, with a private rooftop area planned. The property is zoned C2B-R and is near downtown restaurants, retail, entertainment, and parking.
On-site amenities include a fitness center with locker rooms, showers, laundry, a sauna, and a steam room, along with a kitchen, event space, and coffee shop. Preparations for rooftop construction are complete, with a private rooftop area planned. The property is zoned C2B-R and is near downtown restaurants, retail, entertainment, and parking.
Key Highlights
- Office configurations range from 5,604 to 24,000 SF
- 2015 office build‑out within a building dating to 1858
- 400 CAT6 drops, 14 UniFi switches, and 28 Wi‑Fi access points
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$269,633
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,392,660
$5.4M
Cap Rate 7%
$3,851,900
$3.9M
Cap Rate 9%
$2,995,922
$3.0M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$420.5K $17.52/SF
− Vacancy
−$61.0K −$2.54/SF
EGI
$359.5K $14.98/SF
− OpEx
−$89.9K −$3.74/SF
NOI
$269.6K $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%
$5,392,660
Cap Rate 7%
$3,851,900
Cap Rate 9%
$2,995,922
Alternative Uses
Best Use
Office B
$3.85M
$3.37M – $4.49M
NOI $269,633 @ 7.0% cap · market cap 898,776.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.30M
$4.64M – $6.18M
NOI $371,036 @ 7.0% cap · market cap 1,236,786.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,422
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Configurable workspace combines private offices, open work areas, and substantial technology infrastructure.
Where is this office unit located?
The property is located at 206 E Huron St Ann Arbor, MI.
What are key features of this property?
This property features: Office configurations range from 5,604 to 24,000 SF; 2015 office build‑out within a building dating to 1858; 400 CAT6 drops, 14 UniFi switches, and 28 Wi‑Fi access points
