Retail and Office
333 Maynard Street Ann Arbor, MI 48104
333 Maynard Street, Ann Arbor, MI, 48104
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For Sale
Contact for pricing
Retail and office building at 96.6% occupancy, positioned for investors seeking an income-producing property.
Property Size28,233 SF
Price / SF$343.57
Days on Market52
Property Features for 333 Maynard Street
General Information
- Standard status
- Active
- Size
- 28,233 SF
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 1999
Listing agency
Colliers - Ann Arbor, Michigan
(734) 994-3100
Listed by
Jim Chaconas · License #MI 6502358011
Source
Crexi
Added: Jun 1 Updated: Jul 10 at 4:00PM Checked: Jul 21 at 10:37AM
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.
This offering is a retail and office building with approximately 28,233 square feet of combined space. The property is currently 96.6% occupied, providing an immediately leased component as part of the acquisition.
Located at 333 Maynard Street in downtown Ann Arbor, the building benefits from an established urban setting. The offering is presented as an investment property based on its current occupancy level.
For buyers evaluating income-oriented acquisitions, the key supported attribute here is the building’s 96.6% occupancy. The mix of retail space and office uses can be useful for tenants seeking a presence within one building, while buyers may find the existing leasing provides a practical starting point for ownership and management decisions.
Located at 333 Maynard Street in downtown Ann Arbor, the building benefits from an established urban setting. The offering is presented as an investment property based on its current occupancy level.
For buyers evaluating income-oriented acquisitions, the key supported attribute here is the building’s 96.6% occupancy. The mix of retail space and office uses can be useful for tenants seeking a presence within one building, while buyers may find the existing leasing provides a practical starting point for ownership and management decisions.
Key Highlights
- Retail and office building
- Built in 1999
- 96.6% occupied
Local Financial Insights For Retail
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 | $508.2k | $18.00 |
| − Vacancy | −$30.5k | −$1.08 |
| EGI | $477.7k | $16.92 |
| − OpEx | −$143.3k | −$5.08 |
| NOI | $334.4k | $11.84 |
28,233 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.78M
$4.18M – $5.57M
NOI $334,392 @ 7.0% cap · market cap 3.45%
Second Best
Office B
$4.53M
$3.96M – $5.29M
NOI $317,189 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$6.24M
$5.46M – $7.27M
NOI $436,478 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Douglas J Aveda ...
Vocational School
BLND Health
Crisis Center
Jim Etzkorn
Physician
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FAQs
What type of property is this?
Retail space - Retail and office building at 96.6% occupancy, positioned for investors seeking an income-producing property.
Where is this retail space located?
The property is located at 333 Maynard Street Ann Arbor, MI.
What is the asking price?
The asking price for this property is $9,700,000.
What are key features of this property?
This property features: Retail and office building; Built in 1999; 96.6% occupied
