Retail and Office
For Sale
Contact for pricing
333 Maynard Street, Ann Arbor, MI 48104
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 Market143
Property Features for 333 Maynard Street
General Information
Standard status
Active
Size
28,233 SF
Property subtype
Retail, Office, Mixed Use
Zoning
Downtown Core District
Occupancy
97%
Building Details
Year Built
1999
Buildings
1
Stories
5
Tenancy
Multi
Listing Agency:
Colliers - Ann Arbor, Michigan
Listed By:
Jim Chaconas · License #MI 6502358011
(734) 994-3100
Source:
Crexi
Added: Jun 1
Changed: Oct 10
Last Checked: Oct 20 at 7:01PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$334,392
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,687,840
$6.7M
Cap Rate 7%
$4,777,029
$4.8M
Cap Rate 9%
$3,715,467
$3.7M
Market Conditions
NOI Build-Up for 28,233 SF
Gross rent
$508.2K $18.00/SF
− Vacancy
−$30.5K −$1.08/SF
EGI
$477.7K $16.92/SF
− OpEx
−$143.3K −$5.08/SF
NOI
$334.4K $11.84/SF
Area
Ann Arbor, MI
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,687,840
Cap Rate 7%
$4,777,029
Cap Rate 9%
$3,715,467
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
96.6%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,508
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
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
