Industrial Flex Facility with
For Sale
$4,550,000
78 Jackson Plaza, Ann Arbor, MI 48103
Functional high-bay warehouse with loading docks, overhead doors, cranes, and connected office for industrial and contractor uses.
Property Size41,400 SF
Price / SF$109.90
Days on Market113
Property Features for 78 Jackson Plaza
General Information
Standard status
Active
Size
41,400 SF
Property subtype
Industrial - Manufacturing
Warehouse & Industrial
Clear Height
28 ft
Heavy Power
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
41,400 SF
Year Built
1964
Year Renovated
2023
Units
5
Listing Agency:
Gritter Real Estate Services
Listed By:
Tom Gritter · License #6502424243
Source:
Commercialcafe
Added: Jun 16
Changed: Sep 27
Last Checked: Oct 5 at 3:28PM
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 Gritter Real Estate Services
Investment Insights
Based on property information with market context.
78 Jackson Plaza is a 41,400 SF industrial flex facility designed for active operations, featuring high-bay warehouse space with 20’–28’ clear heights, overhead cranes, and heavy power. The building includes loading docks and overhead doors, along with production areas and approximately 5,500 SF of connected office space.
The property is positioned on Ann Arbor’s west side, with convenient access to I-94 and proximity to downtown Ann Arbor and the University of Michigan. It sits within an established industrial district surrounded by a mix of industrial, automotive, technology, maker, food/beverage, and creative businesses, including MI-HQ, HOMES Campus, Dozer Coffee, and Campo.
This configuration supports a range of tenant needs, including owner-user headquarters, contractor/service operations, light manufacturing, assembly, fabrication, storage, distribution, and R&D. With flex bay configuration and an operations-ready layout, the site is also suitable for multi-tenant industrial investment strategies where connected office and functional warehouse infrastructure are important.
The property is positioned on Ann Arbor’s west side, with convenient access to I-94 and proximity to downtown Ann Arbor and the University of Michigan. It sits within an established industrial district surrounded by a mix of industrial, automotive, technology, maker, food/beverage, and creative businesses, including MI-HQ, HOMES Campus, Dozer Coffee, and Campo.
This configuration supports a range of tenant needs, including owner-user headquarters, contractor/service operations, light manufacturing, assembly, fabrication, storage, distribution, and R&D. With flex bay configuration and an operations-ready layout, the site is also suitable for multi-tenant industrial investment strategies where connected office and functional warehouse infrastructure are important.
Key Highlights
- 41,400 SF industrial facility with high‑bay warehouse space and approximately 5,500 SF connected office
- 20'–28' clear heights with overhead cranes for operational flexibility
- Heavy power, loading docks, and multiple overhead doors to support industrial and contractor/service uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$394,608
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,892,160
$7.9M
Cap Rate 7%
$5,637,257
$5.6M
Cap Rate 9%
$4,384,533
$4.4M
Market Conditions
NOI Build-Up for 41,400 SF
Gross rent
$645.8K $15.60/SF
− Vacancy
−$38.8K −$0.94/SF
EGI
$607.1K $14.66/SF
− OpEx
−$212.5K −$5.13/SF
NOI
$394.6K $9.53/SF
Area
Ann Arbor, MI
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,892,160
Cap Rate 7%
$5,637,257
Cap Rate 9%
$4,384,533
Alternative Uses
Best Use
Flex RnD
$5.64M
$4.93M – $6.58M
NOI $394,608 @ 7.0% cap · market cap 8.67%
Second Best
Warehouse
$3.92M
$3.43M – $4.57M
NOI $274,229 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$9.14M
$8.00M – $10.67M
NOI $640,037 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
28 ft
Clear height
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
707
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48103, MI
55,605
Population
25,511
Households
2.2
Avg Household Size
40
Median Age
75%
College-Educated
97%
High-School Grad
66.5 sq mi
ZIP Area
836
Density / Sq Mi
$115,513
Median Household Income
$65,698
Median Earnings
$1,760
Median Rent
$455,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Functional high-bay warehouse with loading docks, overhead doors, cranes, and connected office for industrial and contractor uses.
Where is this flex space located?
The property is located at 78 Jackson Plaza Ann Arbor, MI.
What is the asking price?
The asking price for this property is $4,550,000.
What are key features of this property?
This property features: 41,400 SF industrial facility with high‑bay warehouse space and approximately 5,500 SF connected office; 20'–28' clear heights with overhead cranes for operational flexibility; Heavy power, loading docks, and multiple overhead doors to support industrial and contractor/service uses
