Standalone Office Building on
For Sale
Contact for pricing
2430 Washtenaw Avenue, Ann Arbor, MI 48104
864 SF office building with three private offices.
Property Size864 SF
Price / SF$2.31
Days on Market204
Property Features for 2430 Washtenaw Avenue
General Information
Standard status
Active
Size
864 SF
Property subtype
Office
Zoning
TC1 (Transit Corridor)
Lease Term
Plus gas, electric, snow, lawn
Properties For Sale
at 2430 Washtenaw Avenue
2430
Size
864 SF
Type
Office Building
Term
36+
Listing Agency:
Swisher Commercial
Listed By:
Bart Wise · License #MI #6502101921
(734) 358-0354
Source:
Swishercommercial
Added: Apr 1
Changed: Oct 11
Last Checked: Oct 20 at 7:32PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 864 square foot standalone office building features a functional layout suitable for small businesses, medical users, or service-oriented tenants. The space includes three private offices, a reception area, and an ADA-compliant restroom. Recent interior finishes and an updated kitchenette area provide a modern working environment. At-the-door parking is available. The property benefits from monument signage on Washtenaw Avenue and excellent visibility along a high-traffic corridor. Zoned TC1 (Transit Corridor), the property is ideal for mental health and medical users.
Key Highlights
- Excellent visibility along high‑traffic corridor on Washtenaw Avenue
- Standalone office building with at‑the‑door parking
- Features three private offices plus reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,257
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,140
$185.1K
Cap Rate 7%
$132,243
$132.2K
Cap Rate 9%
$102,856
$102.9K
Market Conditions
NOI Build-Up for 864 SF
Gross rent
$16.6K $19.20/SF
− Vacancy
−$1.2K −$1.34/SF
EGI
$15.4K $17.86/SF
− OpEx
−$6.2K −$7.14/SF
NOI
$9.3K $10.71/SF
Area
Ann Arbor, MI
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,140
Cap Rate 7%
$132,243
Cap Rate 9%
$102,856
Alternative Uses
Best Use
Office B
$138.7K
$121.3K – $161.8K
NOI $9,707 @ 7.0% cap · market cap 485.35%
Second Best
Healthcare Medical
$132.2K
$115.7K – $154.3K
NOI $9,257 @ 7.0% cap · market cap 462.85%
Theoretical Best
Office A
$190.8K
$167.0K – $222.6K
NOI $13,357 @ 7.0% cap · market cap 667.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
518
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - 864 SF office building with three private offices.
Where is this office building located?
The property is located at 2430 Washtenaw Avenue Ann Arbor, MI.
What are key features of this property?
This property features: Excellent visibility along high‑traffic corridor on Washtenaw Avenue; Standalone office building with at‑the‑door parking; Features three private offices plus reception area
