Retail Suites at Platt
For Sale
Contact for pricing
3980 Platt Rd, Ann Arbor, MI 48108
Functional retail suites in a well-maintained neighborhood shopping center.
Property Size2,950 SF
Price / SF$0.78
Days on Market245
Property Features for 3980 Platt Rd
General Information
Standard status
Active
Size
2,950 SF
Property subtype
Retail
Zoning
C-1 LOCAL BUSINESS DISTRICT
Lease Term
MG
Site & Location
Neighborhood
University Townhouses
Properties For Sale
at 3980 Platt Rd Contact usSuite F
Size
1,200 SF
Type
Street Retail
Term
Negotiable
Suite G (Sublease)
Size
1,750 SF
Type
Street Retail
Term
Negotiable
Listing Agency:
Swisher Commercial
Listed By:
Jeff Evans · License #MI #6506045981
(734) 926-0222
Source:
Swishercommercial
Added: Feb 25
Changed: Oct 26
Last Checked: Oct 28 at 6:42AM
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.
Located at 3980 Platt Road, these highly functional and visible retail suites are situated within a well-maintained neighborhood shopping center at the intersection of Platt and Ellsworth. The available suites feature open floor plans, private ADA-compliant restrooms, strong storefront exposure, and ample parking directly in front of the units. Suite F includes existing food prep plumbing and utility infrastructure. Suite G provides an additional 550 square feet of high-ceiling storage or warehouse space, suitable for operators needing back-of-house flexibility. The suites can be leased individually or combined for a larger retail footprint. The retail strip center is located at a high-traffic hard corner of Platt Road and Ellsworth Road, within the C-1 Business District zoning of Pittsfield Township. It offers easy access to US-23, I-94, and M-14, along with excellent storefront visibility and at-your-door parking. Suites are available in sizes of 1,200 square feet, 1,750 square feet, or 2,950 square feet combined.
Key Highlights
- High‑traffic location at the intersection of Platt Rd & Ellsworth Rd.
- Excellent storefront visibility and at‑your‑door parking.
- Suites can be leased individually (1,200 SF or 1,750 SF) or combined (2,950 SF).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,940
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,800
$698.8K
Cap Rate 7%
$499,143
$499.1K
Cap Rate 9%
$388,222
$388.2K
Market Conditions
NOI Build-Up for 2,950 SF
Gross rent
$53.1K $18.00/SF
− Vacancy
−$3.2K −$1.08/SF
EGI
$49.9K $16.92/SF
− OpEx
−$15.0K −$5.08/SF
NOI
$34.9K $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%
$698,800
Cap Rate 7%
$499,143
Cap Rate 9%
$388,222
Alternative Uses
Best Use
Retail
$499.1K
$436.8K – $582.3K
NOI $34,940 @ 7.0% cap · market cap 1,519.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$651.5K
$570.1K – $760.1K
NOI $45,607 @ 7.0% cap · market cap 1,982.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Explore this area
Business Placement
Demographics for 48108, MI
26,639
Population
12,508
Households
2.1
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
16.8 sq mi
ZIP Area
1,586
Density / Sq Mi
$80,425
Median Household Income
$46,434
Median Earnings
$1,316
Median Rent
$378,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Functional retail suites in a well-maintained neighborhood shopping center.
Where is this retail space located?
The property is located at 3980 Platt Rd Ann Arbor, MI.
What are key features of this property?
This property features: High‑traffic location at the intersection of Platt Rd & Ellsworth Rd.; Excellent storefront visibility and at‑your‑door parking.; Suites can be leased individually (1,200 SF or 1,750 SF) or combined (2,950 SF).
