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Flex Space with Owned Transformers
New
For Lease
$14.75 SF/Yr

700 Kms Pl, Ann Arbor, MI 48108

M1-zoned space supports office or lab use and sits beside I-94 access.

Space SizeContact for details
Days on Market5

Property Features for 700 Kms Pl

General Information

Standard status Active
Property subtype Office, Industrial
Zoning M1
Listing Agency: Oxford Companies
Listed By: Karen O'Neil
Source: Cpix.resimplifi
Added: Sep 28 Changed: Sep 30 Last Checked: Oct 1 at 8:01AM

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 Oxford Companies

Investment Insights

Based on property information with market context.

This flex property occupies an 11.89-acre parcel and is zoned M1. Office and lab uses are identified as possibilities under the zoning. Three owner-held transformers provide a combined 2,750 KVA of power capacity. Expansion of up to 50,000 SF is possible on 3.5 acres.

The property is adjacent to I-94 at the State St. entrance, with downtown Ann Arbor and the U-M campus described as minutes away. Business parks and hotels are also nearby. Management is local, with emergency maintenance available 24/7.

Key Highlights

  • 11.89‑acre parcel with M1 zoning
  • Three owned transformers totaling 2,750 KVA
  • Potential expansion of up to 50,000 SF on 3.5 acres

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Food Market Storage Facility Building Supply Pharmacy HVAC Service Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.21 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,404
Businesses Nearby
Balanced
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Ann Arbor, MI

$13.04 /SF/Yr
Avg Asking Price
$10.5–$16 /SF/Yr
Price Range
21,945 SF
Avg Space Size

This space is priced 13% above the average of $13.04 /SF/Yr.

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - M1-zoned space supports office or lab use and sits beside I-94 access.
Where is this flex space located?
The property is located at 700 Kms Pl Ann Arbor, MI.
What is the lease rate?
The lease rate is $14.75 SF/Yr.
What are key features of this property?
This property features: 11.89‑acre parcel with M1 zoning; Three owned transformers totaling 2,750 KVA; Potential expansion of up to 50,000 SF on 3.5 acres
More about this property
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