Remodeled Office
For Lease
$23.29 SF/Yr Modified Gross
5240 N Territorial Rd, Ann Arbor, MI 48105
Professional layout includes a welcoming lobby, multiple rooms, and additional upstairs office or storage areas.
Space Size1,700 SF
Lot Size1.17 Acres
Days on Market334
Property Features for 5240 N Territorial Rd
General Information
Standard status
Active
Size
1,700 SF
Net Rentable
1,700 SF
Class
C
Lot size
1.17 Acres
Property subtype
Office
Zoning
OC (Office - Commercial)
Lease Type
Modified Gross
Space & Availability
Available Space
1,700 SF
Contiguous Space
1,700 SF
Space Use
Office
Building Details
Building Size
1,628 SF
Year Built
1925
Buildings
1
Stories
2
Listing Agency:
Van Esley Real Estate
(313) 418-3188
Listed By:
Joseph Van Esley · License #6501185636
(313) 418-3188
Source:
Cpix.resimplifi
Added: Oct 3, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:12AM
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 Van Esley Real Estate
Investment Insights
Based on property information with market context.
This remodeled office building offers a professional arrangement with a generous lobby, several individual rooms, and additional space upstairs for offices or storage. The property includes 1.17 acres and on-site parking, supporting a practical commercial setup for office occupancy. The building dates to 1925 and is zoned OC (Office - Commercial).
Located at 5240 N Territorial Rd in Ann Arbor, the property is offered under a modified gross lease with a minimum term of 36 months. The tenant is responsible for utilities, insurance, and outside upkeep. Possession is scheduled for lease commencement.
Located at 5240 N Territorial Rd in Ann Arbor, the property is offered under a modified gross lease with a minimum term of 36 months. The tenant is responsible for utilities, insurance, and outside upkeep. Possession is scheduled for lease commencement.
Key Highlights
- 1.17‑acre office property with on‑site parking
- OC (Office - Commercial) zoning
- Large lobby, several rooms, and upstairs office or storage areas
Property Analytics
Property Profile
Current Use
Lease Details
Modified Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 48105, MI
38,883
Population
16,773
Households
2.3
Avg Household Size
30
Median Age
82%
College-Educated
98%
High-School Grad
49.5 sq mi
ZIP Area
786
Density / Sq Mi
$94,737
Median Household Income
$45,516
Median Earnings
$1,603
Median Rent
$485,600
Median Home Value
Market
Lease Benchmarks for Ann Arbor, MI
$22.38 /SF/Yr
Avg Asking Price
$14–$35.5 /SF/Yr
Price Range
27,169 SF
Avg Space Size
This space is priced 4% above the average of $22.38 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Professional layout includes a welcoming lobby, multiple rooms, and additional upstairs office or storage areas.
Where is this office building located?
The property is located at 5240 N Territorial Rd Ann Arbor, MI.
What is the lease rate?
The lease rate is $23.29 SF/Yr.
What are key features of this property?
This property features: 1.17‑acre office property with on‑site parking; OC (Office - Commercial) zoning; Large lobby, several rooms, and upstairs office or storage areas
