West Side Retail/Office
2237-2239 W Liberty Ann Arbor, MI 48103
2237-2239 W Liberty, Ann Arbor, MI, 48103
$680,000
For Sale
$680,000
Well-maintained retail/office space in established Ann Arbor location.
Property Size3,242 SF
Price / SF$209.75
Days on Market485
Property Features for 2237-2239 W Liberty
General Information
- Standard status
- Active
- Size
- 3,242 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1965
Listing agency
Reinhart Commercial
(231) 620-1932
Listed by
Amy Freundl · License #6506044351
(231) 620-1932
Source
Cpix.resimplifi
Added: Mar 25, 2025 Updated: Jul 10 at 1:16PM Checked: Jul 21 at 3:00AM
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 Reinhart Commercial
Investment Insights
Based on property information with market context.
This well-maintained retail/office space is available for sale, lease, or lease with an option to purchase for a qualified buyer. The property is located on the west side of Ann Arbor, in an area with established businesses and high traffic. The building offers private on-site parking. The available space is 2800+/- square feet. The property is zoned TC1 - Transit Corridor and has a total size of 3242 square feet.
Key Highlights
- High‑traffic location on Ann Arbor's west side, ideal for attracting customers.
- Versatile options: For Sale, For Lease, or Lease with Option to Purchase.
- Private on‑site parking for convenient access.
Local Financial Insights For Retail
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 | $58.4k | $18.00 |
| − Vacancy | −$3.5k | −$1.08 |
| EGI | $54.9k | $16.92 |
| − OpEx | −$16.5k | −$5.08 |
| NOI | $38.4k | $11.84 |
3,242 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$548.5K
$480.0K – $640.0K
NOI $38,398 @ 7.0% cap · market cap 5.65%
Second Best
Office B
$520.3K
$455.3K – $607.1K
NOI $36,423 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$716.0K
$626.5K – $835.4K
NOI $50,121 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Well-maintained retail/office space in established Ann Arbor location.
Where is this retail space located?
The property is located at 2237-2239 W Liberty Ann Arbor, MI.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: High‑traffic location on Ann Arbor's west side, ideal for attracting customers.; Versatile options: For Sale, For Lease, or Lease with Option to Purchase.; Private on‑site parking for convenient access.
