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    4401 Varsity Dr Ann Arbor, MI 48108

    For Lease
    $10 SF/Yr

    18,000 SF, Ann Arbor, Michigan

    Lot size:
    28,776 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 17,900-square-foot flex/R&D space is situated within a well-maintained Ann Arbor commerce park. The single-story building, constructed in 1997 and renovated in 2001, offers a total of 28,776 square feet, with up to 17,900 square feet available contiguously. Located at 4401 Varsity Drive, Ann Arbor, MI 48108, this property boasts a prime location, minutes from I-94 and US-23, ensuring convenient access to major transportation arteries. The warehouse area features a generous 16-foot clear ceiling height, enhancing operational efficiency. Loading and unloading are facilitated by one loading dock and two grade-level doors. Durable epoxy flooring adds to the property's functionality. The building also offers attractive exterior features, including a well-maintained facade and the opportunity for prominent monument signage. The property sits on 4.36 acres of land in Washtenaw County, within the Washtenaw W of 23 submarket. This versatile space is ideal for a variety of businesses seeking a functional and strategically located facility in a thriving Ann Arbor market. The property is available for multiple tenants.

    Property Features for 4401 Varsity Dr

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,776 SF
    Total Rate
    23980

    Building Details

    Year Built/Renovated
    1997/2001
    Stories
    1

    Unit(s) available at that property

    Space
    ~18,000 SF Flex/R&D Space
    Size
    17,900 SF
    Rate per SF
    $10

    HighLights

    • 17,900 SF flex/R&D space available in a well‑maintained Ann Arbor commerce park.
    • Single‑story building (1997 construction, 2001 renovation) totaling 28,776 SF, with up to 17,900 SF contiguous.
    • Located at 4401 Varsity Drive, Ann Arbor, MI 48108, minutes from I‑94 and US‑23.
    • Warehouse features 16' clear height, one loading dock, two grade‑level doors, and epoxy flooring.
    • 4.36‑acre site in Washtenaw County's Washtenaw W of 23 submarket, offering monument signage opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tissue Seal, LLC Medical Equipment Manufacturer warmUp RX Store Covaron Advanced Materials Laboratory Your Home Improvement ... Bathroom Remodeler

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.722968985543
    Latitude
    42.223959315339

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    FAQs

    What type of property is this?
    Life science property - 18,000 SF, Ann Arbor, Michigan
    Where is this life science property located?
    The property is located at 4401 Varsity Dr Ann Arbor, MI.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 17,900 SF flex/R&D space available in a well-maintained Ann Arbor commerce park.; Single-story building (1997 construction, 2001 renovation) totaling 28,776 SF, with up to 17,900 SF contiguous.; Located at 4401 Varsity Drive, Ann Arbor, MI 48108, minutes from I-94 and US-23.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4401 Varsity Dr Ann Arbor, MI 48108
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