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Waterworks Plaza Office Space
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3131 S State St, Ann Arbor, MI 48108

Office space in a park-like setting on S State.

Space Size1,000 SF - 2,738 SF
Property Size67,908 SF
Days on Market2685

Property Features for 3131 S State St

General Information

Standard status Active
Size 1,000 SF - 2,738 SF
Class B
Property subtype Office
Lease Type Modified Gross

Building Details

Building Size 67,908 SF
Year Built 1976
Tenancy Multiple

Spaces For Lease

at 3131 S State St Contact us

3131 - Suite 220-224

Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

3131 - Suite 302

Size
1,250 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

3131 - Suite 307

Size
1,902 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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3135 - Suite 200-202

Size
2,738 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

3135 - Suite 210

Size
1,000 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

3135 -3rd Floor

Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Colliers - Ann Arbor, Michigan
Listed By: Jim Chaconas · License #MI 6502358011
Source: Crexi
Added: Apr 17, 2019 Changed: Aug 8 Last Checked: Aug 21 at 2:38PM

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, Michigan

Investment Insights

Based on property information with market context.

The property consists of two buildings within the Waterworks Plaza Complex, situated in a park-like setting. A stream runs between the 3131 and 3135 buildings, offering peaceful views. The location is in the S State Street Corridor of Ann Arbor, Michigan.

Key Highlights

  • Located in the S State Street Corridor of Ann Arbor
  • Part of the Waterworks Plaza Complex
  • Beautiful park setting

Property Analytics

Current Use

Official Driving School Training Center Train Better Personal ... Gym & Fitness Center Dr. Joseph A. Valle, ... Physician Burke Michael D ... Physician Paige Neal Foster Care Service

Suggested Use

Top Pick Restaurant Pharmacy Food Market Building Supply Electrical Service Big Box & Wholesale Store

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
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,069
Businesses Nearby

Demographics for 48108, MI

26,639
Population
12,508
Households
2.1
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
16.8 sq mi
ZIP Area
1,586
Density / Sq Mi
$80,425
Median Household Income
$46,434
Median Earnings
$1,316
Median Rent
$378,300
Median Home Value

Market

Lease Benchmarks for Ann Arbor, MI

$23.07 /SF/Yr
Avg Asking Price
$14–$27.78 /SF/Yr
Price Range
20,782 SF
Avg Space Size

This space is priced 5% below the average of $23.07 /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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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Office space in a park-like setting on S State.
Where is this office building located?
The property is located at 3131 S State St Ann Arbor, MI.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Located in the S State Street Corridor of Ann Arbor; Part of the Waterworks Plaza Complex; Beautiful park setting
(734) 994-3100 Call to check price and availability
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