Historic Building Office
For Lease
$25 SF/Yr
527 E Liberty St, Ann Arbor, MI 48104
Second-floor and lower-level office/service suites in a historic Michigan Theater building with municipal parking access.
Space SizeContact for details
Property Size21,000 SF
Days on Market324
Property Features for 527 E Liberty St
General Information
Standard status
Active
Size
21,000 SF
Class
B
Property subtype
Office
Zoning
D1 (Core Downtown Mixed Use)
Additional Details
Flexible Term
Yes
Building Details
Building Size
21,000 SF
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Swisher Commercial
Listed By:
Randy Maas · License ##6506046436
(734) 649-8761
Source:
Cpix.resimplifi
Added: Oct 21, 2025
Changed: Aug 8
Last Checked: Sep 8 at 3:36AM
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
Investment Insights
Based on property information with market context.
Office/service suites are available on the second floor and lower level within the historic Michigan Theater building. The space is designed for businesses seeking a downtown address within a distinctive, cultural setting, with flexible lease terms to accommodate changing requirements.
The building is positioned in the heart of downtown Ann Arbor and is described as being within walking distance of restaurants and retail shopping. Access is supported by nearby municipal street and lot parking, and the University of Michigan campus is identified as a short walk away.
Suites within the building offer a practical option for tenants looking to locate near downtown amenities and campus activity, with convenient parking and pedestrian access in the immediate area.
The building is positioned in the heart of downtown Ann Arbor and is described as being within walking distance of restaurants and retail shopping. Access is supported by nearby municipal street and lot parking, and the University of Michigan campus is identified as a short walk away.
Suites within the building offer a practical option for tenants looking to locate near downtown amenities and campus activity, with convenient parking and pedestrian access in the immediate area.
Key Highlights
- Second‑floor and lower‑level office/service suites in the historic Michigan Theater building
- Downtown Ann Arbor setting within walking distance of restaurants, coffee shops, and retail stores
- Convenient access to municipal street and structure parking plus municipal lot parking
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM
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
Market
Lease Benchmarks for Ann Arbor, MI
$21.19 /SF/Yr
Avg Asking Price
$9.89–$50 /SF/Yr
Price Range
8,641 SF
Avg Space Size
This space is priced 18% above the average of $21.19 /SF/Yr.
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor and lower-level office/service suites in a historic Michigan Theater building with municipal parking access.
Where is this office units located?
The property is located at 527 E Liberty St Ann Arbor, MI.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Second‑floor and lower‑level office/service suites in the historic Michigan Theater building; Downtown Ann Arbor setting within walking distance of restaurants, coffee shops, and retail stores; Convenient access to municipal street and structure parking plus municipal lot parking
