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    326-330 State St Ann Arbor, MI 48104

    For Lease
    $25 SF/Yr

    Iconic Ann Arbor office space available.

    Lot size:
    29,212 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Nickels Arcade, located at 326-330 S State St in Ann Arbor, MI 48104, presents a unique opportunity to lease office space in one of the city's most beloved landmarks. This 29,212 square foot building, constructed in 1910 and zoned D1, offers a blend of traditional, executive, and creative office spaces within a multiple-tenancy environment. Currently, 913 square feet of office space is available for lease. Situated on a 0.35-acre lot in the Washtenaw W of 23 submarket of Washtenaw County, the property boasts exceptional visibility and high foot traffic due to its prime downtown location directly across from the University of Michigan's central campus. The building's distinctive architecture and charm contribute to its enduring appeal. Tenants benefit from the proximity to numerous shops, restaurants, and other businesses within this landmark property, creating a vibrant and thriving community. This is an exceptional opportunity to establish a presence in a highly desirable and historically significant Ann Arbor location. The property offers a blend of traditional and modern amenities, making it suitable for a variety of businesses. Inquire today to learn more about this exceptional leasing opportunity.

    Property Features for 326-330 State St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,212 SF
    Total Rate
    60858.33

    Building Details

    Year Built
    1910

    Unit(s) available at that property

    Space
    Suite 202
    Size
    913 SF
    Rate per SF
    $25

    HighLights

    • Iconic downtown Ann Arbor building.
    • Covered pedestrian access connecting South State and Maynard Streets.
    • Prime location directly across from the University of Michigan campus.
    • Ground‑floor retail space with two levels of office space above.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.741578
    Latitude
    42.2783814

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    FAQs

    What type of property is this?
    Office space - Iconic Ann Arbor office space available.
    Where is this office space located?
    The property is located at 326-330 State 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: Iconic downtown Ann Arbor building.; Covered pedestrian access connecting South State and Maynard Streets.; Prime location directly across from the University of Michigan campus.
    Request Owner's contact information
    326-330 State St Ann Arbor, MI 48104
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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
    326-330 State St Ann Arbor, MI 48104
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