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Second-Floor Office Suites
For Lease
$23.67 SF/Yr

313 S State St, Ann Arbor, MI 48104

Small second-floor office spaces in a historic campus building with individual air conditioning units.

Space SizeContact for details
Property Size6,986 SF
Days on Market168

Property Features for 313 S State St

General Information

Standard status Active
Size 6,986 SF
Property subtype Office
Zoning D1

Building Details

Building Size 6,986 SF
Year Built 1904
Buildings 1
Stories 2
Listing Agency: Colliers - Ann Arbor
Listed By: James H. Chaconas
Source: Cpix.resimplifi
Added: May 7 Changed: Oct 7 Last Checked: Oct 20 at 5:12PM

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 Colliers - Ann Arbor

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Investment Insights

Based on property information with market context.

Several small office spaces are available on the second floor of a historic building on campus. Each suite has its own air conditioning unit, and the space includes a shared bathroom.

The building is positioned on the University of Michigan central campus and is surrounded by retail and restaurants.

Leasing is structured as a gross lease rate plus a prorata share of utilities.

Key Highlights

  • Historic building built in 1904 located right on University of Michigan central campus
  • Several small office spaces on the second floor
  • Each office includes its own air conditioning unit

Property Analytics

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Open Analytics

Current Use

Environment Michigan Research ... Research Institute Environment Michigan Association / Organization Michigan Travels, LLC Tour Operator Community Pest Solutions Garden Center

Suggested Use

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

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

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

6,343
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
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Market

Lease Benchmarks for Ann Arbor, MI

$22.02 /SF/Yr
Avg Asking Price
$9.89–$63.23 /SF/Yr
Price Range
10,275 SF
Avg Space Size

This space is priced 7% above the average of $22.02 /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

Frequently Asked Questions

What type of property is this?
Office unit - Small second-floor office spaces in a historic campus building with individual air conditioning units.
Where is this office unit located?
The property is located at 313 S State St Ann Arbor, MI.
What is the lease rate?
The lease rate is $23.67 SF/Yr.
What are key features of this property?
This property features: Historic building built in 1904 located right on University of Michigan central campus; Several small office spaces on the second floor; Each office includes its own air conditioning unit
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