Five-Story Office
333 Maynard St Ann Arbor, MI 48104
For Sale
Contact for pricing
Five-story office building with secure street entry, formal lobby, and elevator, currently 96.6% occupied across seven spaces.
Property Size28,233 SF
Price / SF$343.57
Days on Market57
Property Features for 333 Maynard St
General Information
Standard status
Active
Size
28,233 SF
Property subtype
OFFICE
Listing Agency:
Colliers - Ann Arbor
(734) 994-3100
Listed By:
James H. Chaconas
(734) 994-3100
Source:
Moodyscre
Added: Jun 1
Changed: Jul 27
Last Checked: Jul 27 at 4:41AM
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
Investment Insights
Based on property information with market context.
The Collegian Building is a five-story office property offering 28,233 SF and includes seven tenant spaces. The building features a secure street entrance, a formal lobby, and an elevator. It is currently 96.6% occupied, with six long-standing tenants.
Located in downtown Ann Arbor, the property is positioned in the Downtown Core District (D1). It is adjacent to the University of Michigan’s Main Campus, close to downtown amenities, and near the Maynard Parking Structure.
The building is locally owned and described as well maintained. It is offered for sale, with additional information available following execution of a confidentiality agreement and approval by the seller.
Located in downtown Ann Arbor, the property is positioned in the Downtown Core District (D1). It is adjacent to the University of Michigan’s Main Campus, close to downtown amenities, and near the Maynard Parking Structure.
The building is locally owned and described as well maintained. It is offered for sale, with additional information available following execution of a confidentiality agreement and approval by the seller.
Key Highlights
- 28,233 SF five‑story mixed‑use building in downtown Ann Arbor
- Currently 96.6% occupied with seven tenant spaces and six long‑standing tenants
- Includes secure street entrance, formal lobby, and elevator
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 | $494.6k | $17.52 |
| − Vacancy | −$71.7k | −$2.54 |
| EGI | $422.9k | $14.98 |
| − OpEx | −$105.7k | −$3.74 |
| NOI | $317.2k | $11.23 |
28,233 SF · lease $17.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.53M
$3.96M – $5.29M
NOI $317,189 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
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.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Five-story office building with secure street entry, formal lobby, and elevator, currently 96.6% occupied across seven spaces.
Where is this office building located?
The property is located at 333 Maynard St 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: 28,233 SF five‑story mixed‑use building in downtown Ann Arbor; Currently 96.6% occupied with seven tenant spaces and six long‑standing tenants; Includes secure street entrance, formal lobby, and elevator
