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    3695 State St Ann Arbor, MI 48108

    Sponsored
    For Lease
    $35 SF/Yr

    Ann Arbor Retail Space Available

    Lot size:
    15,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A retail strip center, totaling 15,600 square feet, is situated on a 1.43-acre lot at 3695 S State St, Ann Arbor, MI 48108. Built in 2019, the property boasts two single-story buildings with a combined 78 parking spaces. Currently, the entire 15,600 square feet is vacant and available for lease, offering flexible space options ranging from a minimum of 1,800 square feet to a maximum contiguous space of 8,400 square feet. The property is zoned for retail use within a master-planned community, benefiting from high visibility and convenient access. Its prime location on State Street, just south of I-94, places it in close proximity to major retail anchors such as Costco and Briarwood Mall, as well as numerous national restaurants. The owner is open to build-to-suit options and will consider condominium sales of the individual buildings. This presents a unique opportunity for businesses seeking high-traffic exposure in a thriving Ann Arbor submarket (Washtenaw W of 23). The property's modern design and ample parking ensure a positive customer experience. This is an ideal location for businesses seeking a strong presence in a rapidly growing area.

    Property Features for 3695 State St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,600 SF
    Class
    A
    Total Rate
    45500

    Building Details

    Year Built
    2019
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Suite B (1st Floor)
    Size
    7,200 SF
    Rate per SF
    $35
    Space
    Suite A (1st Floor)
    Size
    8,400 SF
    Rate per SF
    $35

    HighLights

    • Brand New Construction
    • Built‑to‑Suit Opportunity Available
    • Owner Will Convert to Condos and Sell Individual Units
    • High‑Visibility Location
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -83.738334
    Latitude
    42.23354

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    FAQs

    What type of property is this?
    Neighborhood center - Ann Arbor Retail Space Available
    Where is this neighborhood center located?
    The property is located at 3695 State St Ann Arbor, MI.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: Brand New Construction; Built-to-Suit Opportunity Available; Owner Will Convert to Condos and Sell Individual Units
    Request Owner's contact information
    3695 State St Ann Arbor, MI 48108
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    Ann Arbor, MI 48108
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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
    3695 State St Ann Arbor, MI 48108
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