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    2603 Jackson Ave Ann Arbor, MI 48103

    For Lease
    $25 SF/Yr

    14,143 SF Retail Space, High Visibility

    Lot size:
    14,143 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional retail opportunity presents 14,143 square feet of prime space at the established Westgate Shopping Center in Ann Arbor, Michigan. Located at 2603 Jackson Ave, this single-tenant space boasts a highly visible endcap position, facing Jackson Avenue and benefiting from prominent building signage. The property, zoned C3, features an open floor plan, high ceilings (under a drop ceiling), and a convenient rolling dock-level door. Ample parking is available for customers and employees. Previously occupied by Rite Aid, this space offers significant potential for a variety of retail uses. The center itself is well-maintained and locally owned, with a diverse mix of long-term tenants. Its strategic location at the intersection of Jackson Avenue, West Stadium Boulevard, and South Maple Road provides multiple access points and exceptional exposure to high traffic volumes. The property's proximity to I-94 and downtown Ann Arbor further enhances its appeal. The parcel number is 09-08-25-103-011 in Washtenaw County, Michigan, zip code 48103.

    Property Features for 2603 Jackson Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,143 SF

    Unit(s) available at that property

    Space
    Size
    14,143 SF
    Rate per SF
    $25
    Property Profile Location Intelligence

    Current Use by Public Records

    Rite Aid Pharmacy Pharmacy Thomas R. Bostwick, ... Pharmacy Son V. Le, ... Pharmacy Vijay Janardhan, RPH Pharmacy Rite Aid Drug Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -83.782717360352
    Latitude
    42.280581762094

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    FAQs

    What type of property is this?
    Retail property - 14,143 SF Retail Space, High Visibility
    Where is this retail property located?
    The property is located at 2603 Jackson Ave Ann Arbor, MI.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    Request Owner's contact information
    2603 Jackson Ave Ann Arbor, MI 48103
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    Ann Arbor, MI 48103
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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
    2603 Jackson Ave Ann Arbor, MI 48103
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