Class A Office Building with
For Sale
$6,800,000
315 W Huron St, Ann Arbor, MI 48103
Class A office building featuring a three-story atrium and on-site parking, zoned D2 downtown.
Property Size39,818 SF
Lot Size0.74 Acres
Price / SF$170.78
Days on Market807
Property Features for 315 W Huron St
General Information
Standard status
Active
Size
39,818 SF
Class
A
Lot size
0.74 Acres
Property subtype
Office
Zoning
D-2 Mixed-Use Downtown Interface District
Site & Location
Neighborhood
Old West Side Association
Amenities
three-story atrium
on-site parking
Building Details
Building Size
39,818 SF
Year Built
1935
Year Renovated
2017
Buildings
1
Stories
2
Listing Agency:
Swisher Commercial
Listed By:
Randy Maas · License ##6506046436
(734) 649-8761
Source:
Cpix.resimplifi
Added: Aug 13, 2024
Changed: Oct 25
Last Checked: Oct 28 at 4:57AM
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
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Investment Insights
Based on property information with market context.
The Arbor Atrium is a Class A office building with a distinctive three-story atrium. The property includes 39,818 square feet of flexible office space on a 0.74-acre lot.
Located in downtown Ann Arbor at 315 W Huron St, the building offers frontage on W. Huron, S. First Street, and W. Washington. On-site parking is available, and municipal street and lot parking are available within one block.
Zoned D2 (Downtown Interface District), the building presents an option for professional and commercial uses, including both ongoing occupancy and redevelopment planning.
Located in downtown Ann Arbor at 315 W Huron St, the building offers frontage on W. Huron, S. First Street, and W. Washington. On-site parking is available, and municipal street and lot parking are available within one block.
Zoned D2 (Downtown Interface District), the building presents an option for professional and commercial uses, including both ongoing occupancy and redevelopment planning.
Key Highlights
- 1935‑built Class A office building with a three‑story atrium
- 39,818 SF office building on a 0.74‑acre lot
- Zoned D2 (Downtown Interface District) for a variety of professional and commercial uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$447,343
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,946,860
$8.9M
Cap Rate 7%
$6,390,614
$6.4M
Cap Rate 9%
$4,970,478
$5.0M
Market Conditions
NOI Build-Up for 39,818 SF
Gross rent
$697.6K $17.52/SF
− Vacancy
−$101.2K −$2.54/SF
EGI
$596.5K $14.98/SF
− OpEx
−$149.1K −$3.74/SF
NOI
$447.3K $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%
$8,946,860
Cap Rate 7%
$6,390,614
Cap Rate 9%
$4,970,478
Alternative Uses
Best Use
Office B
$6.39M
$5.59M – $7.46M
NOI $447,343 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.79M
$7.69M – $10.26M
NOI $615,580 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,208
Businesses Nearby
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Business Placement
Demographics for 48103, MI
55,605
Population
25,511
Households
2.2
Avg Household Size
40
Median Age
75%
College-Educated
97%
High-School Grad
66.5 sq mi
ZIP Area
836
Density / Sq Mi
$115,513
Median Household Income
$65,698
Median Earnings
$1,760
Median Rent
$455,100
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Class A office building featuring a three-story atrium and on-site parking, zoned D2 downtown.
Where is this office building located?
The property is located at 315 W Huron St Ann Arbor, MI.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: 1935‑built Class A office building with a three‑story atrium; 39,818 SF office building on a 0.74‑acre lot; Zoned D2 (Downtown Interface District) for a variety of professional and commercial uses
