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    308 State St Ann Arbor, MI 48104

    For Lease
    $25 SF/Yr

    Prime Downtown Ann Arbor Office Space

    Lot size:
    1,033 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional creative office space is located in the vibrant heart of Ann Arbor, Michigan, at 308 S. State St., 48104. Situated directly across from the Diag and the University of Michigan's Central Campus, this location offers unparalleled visibility and accessibility. The property features multiple tenancy options, with two available spaces ranging in size from 195 square feet to 838 square feet, perfect for a variety of businesses. The building's classification as a "Creative Office" suggests a flexible and adaptable layout, ideal for innovative companies and startups. The exact total square footage of the building is currently unavailable. This prime location in Washtenaw County provides easy access to a diverse workforce, a thriving student population, and a wealth of amenities. The address, 308 S. State St., places the property within walking distance of numerous restaurants, shops, and cultural attractions. This is a unique opportunity to secure a highly desirable office space in one of Michigan's most dynamic and sought-after cities. The property's proximity to the University of Michigan makes it particularly attractive to businesses that serve or collaborate with the university community. Interested parties should inquire promptly to secure their preferred space.

    Property Features for 308 State St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,033 SF

    Unit(s) available at that property

    Space
    Suite 32
    Size
    838 SF
    Rate per SF
    $25
    Space
    Suite 39
    Size
    195 SF
    Rate per SF
    $25

    HighLights

    • Prime downtown Ann Arbor location.
    • Across from the University of Michigan's Central Campus.
    • Abundant nearby restaurants, retail, and other businesses.
    • Minutes from I‑94 State Street exit.
    • Neighbors include Ben & Jerry's, Potbelly, SEE, Nickels Arcade, and Bivouac.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SEE Eyewear Optometrist Family First Bonding ... Bail Bonds Service williamsgaragerepairguy Home Improvement Store Huron River Press Publisher Backyard Brains Manufacturer

    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
    -83.7410476
    Latitude
    42.2789631

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    FAQs

    What type of property is this?
    Office space - Prime Downtown Ann Arbor Office Space
    Where is this office space located?
    The property is located at 308 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: Prime downtown Ann Arbor location.; Across from the University of Michigan's Central Campus.; Abundant nearby restaurants, retail, and other businesses.
    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
    308 State St Ann Arbor, MI 48104
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