Class A Office Building with
315 W Huron St Ann Arbor, MI 48103
For Sale
$6,800,000
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 Market713
Property Features for 315 W Huron St
General Information
- Standard status
- Active
- Size
- 39,818 SF
- Lot size
- 0.74 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1935
Listing Agency:
Swisher Commercial
(734) 649-8761
Listed By:
Randy Maas · License #6502408668
(734) 649-8761
Source:
Cpix.resimplifi
Added: Aug 13, 2024
Changed: Jul 22
Last Checked: Jul 25 at 2:19AM
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
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 For Office B
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 | $697.6k | $17.52 |
| − Vacancy | −$101.2k | −$2.54 |
| EGI | $596.5k | $14.98 |
| − OpEx | −$149.1k | −$3.74 |
| NOI | $447.3k | $11.23 |
39,818 SF · lease $17.52/SF/yr · vacancy 14.50% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ignite Legal
Law Firm
Red Hat
(Bike/Boat/Book/etc) Store
ESV Digital US
Marketing & Advertising
Smile While You ...
Accounting Firm
Direct Inc
Law Firm
FAQs
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
