Mixed-Use Property with Rural
8753 Pleasant Lake Road, Ann Arbor, MI 48103
For Sale
$599,000
Commercial Sale, Ann Arbor, MI
Property Size1,650 SF
Lot Size26.04 Acres
Price / SF$150.96
Days on Market100
Property Features for 8753 Pleasant Lake Road
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Interior features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Utilities
Sewer type
Heating system
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Water source
Building Details
Year built
Number of units
Building materials
Listing Agency:
Key Realty One LLC
(734) 273-9083
Listed By:
Michael Price · License MI #6501273091
(734) 216-9920
Added: Aug 2
Changed: Oct 8
Last Checked: Nov 9 at 11:06PM
MLS# 26040187
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use property comprises 26.04 acres with an existing building featuring a finished basement, kitchen, large flex area, sunroom, two bathrooms, and office space. The structure was built in 1994 and includes vinyl siding, forced-air heating, central air, broadband, propane service, a private well, and septic infrastructure.
Situated along Pleasant Lake Road in Ann Arbor, the property occupies a rural corridor near the Ann Arbor market. The acreage and existing improvements provide a broad physical setting for consideration of commercial, mixed-use, live-work, event, recreation, education, service, workshop, or agricultural-retail applications, subject to independent verification of zoning, permitted uses, utilities, building requirements, and environmental conditions.
Situated along Pleasant Lake Road in Ann Arbor, the property occupies a rural corridor near the Ann Arbor market. The acreage and existing improvements provide a broad physical setting for consideration of commercial, mixed-use, live-work, event, recreation, education, service, workshop, or agricultural-retail applications, subject to independent verification of zoning, permitted uses, utilities, building requirements, and environmental conditions.
Key Highlights
- 26.04‑acre mixed‑use property along Pleasant Lake Road in Ann Arbor
- Existing building includes finished basement, kitchen, flex area, sunroom, two bathrooms, and office
- Built in 1994 with vinyl siding, forced‑air heating, and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,545
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$930,900
$930.9K
Cap Rate 7%
$664,929
$664.9K
Cap Rate 9%
$517,167
$517.2K
Market Conditions
NOI Build-Up for 3,968 SF
Gross rent
$80.9K $20.40/SF
− Vacancy
−$6.5K −$1.63/SF
EGI
$74.5K $18.77/SF
− OpEx
−$27.9K −$7.04/SF
NOI
$46.5K $11.73/SF
Area
Ann Arbor, MI
Vacancy
8.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$930,900
Cap Rate 7%
$664,929
Cap Rate 9%
$517,167
Alternative Uses
Best Use
Mixed Use
$664.9K
$581.8K – $775.8K
NOI $46,545 @ 7.0% cap · market cap 7.77%
Second Best
Flex RnD
$540.3K
$472.8K – $630.4K
NOI $37,821 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$876.4K
$766.8K – $1.02M
NOI $61,345 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2
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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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Market
Properties on Market for Mixed-use properties in Washtenaw County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing improvements include a finished basement, kitchen, flex area, sunroom, two bathrooms, and office space.
Where is this mixed-use property located?
The property is located at 8753 Pleasant Lake Road Ann Arbor, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 26.04‑acre mixed‑use property along Pleasant Lake Road in Ann Arbor; Existing building includes finished basement, kitchen, flex area, sunroom, two bathrooms, and office; Built in 1994 with vinyl siding, forced‑air heating, and central air
