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    401 Morgan Rd Ann Arbor, MI 48108

    Sponsored
    For Sale
    $5,658,200

    Prime Ann Arbor location, multi-tenant flex space.

    Property size:
    28,176 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 28,176 square foot industrial building, situated on an 8.9-acre lot in Ann Arbor, Michigan, presents a rare investment opportunity. The property, built in 1994, features a single-story structure with a 20-foot ceiling height, ideal for research and development activities. The building includes three loading docks and is zoned for business district use. Currently, the property is multi-tenant, with three tenants occupying approximately 11,145 square feet. The owner is open to leasing approximately 4,000 square feet of additional space. A key feature is a 500 square foot Class 10,000 Clean Room laboratory space, equipped with wet and dry lab options, pressurized and vacuum air, various sinks, potable and DI water sources, dedicated fume hoods, central exhaust systems, and 110/210 power, phone, and internet access. The building's strategic location at 401 W Morgan Rd, Ann Arbor, MI 48108, offers convenient access to I-94, downtown Ann Arbor, the Ann Arbor Municipal Airport, and surrounding technology and R&D campuses. The asking price is $5,658,200, translating to $200.82 per square foot. The property is offered as an owner/user investment under a NNN lease structure. The parcel number is L-12-21-200-030.

    Property Features for 401 Morgan Rd

    General Information

    Property type
    Life science properties
    Square Feet
    28,176 SF
    Lot Size
    387,684 SF

    Building Details

    Year Built
    1994
    Buildings
    1
    Stories
    1

    HighLights

    • 28,176 SF industrial building on 8.9‑acre lot in Ann Arbor, MI.
    • Single‑story building with 20' ceilings, built in 1994.
    • Three loading docks and business district zoning.
    • Currently multi‑tenant (11,145 SF occupied), with 4,000 SF available for lease.
    • Includes a 500 SF Class 10,000 cleanroom with wet/dry labs and utilities.
    • Located at 401 W Morgan Rd, Ann Arbor, MI 48108, near I‑94, downtown, and the airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Michigan Research Institute Research Institute Cerenis Therapeutics Massage ATGC Inc General Contractor

    Suggested Use

    Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Clothing Store Hotel & Motel Pharmacy Auto Parts Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.733840054678
    Latitude
    42.214539823032

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    FAQs

    What type of property is this?
    Life science property - Prime Ann Arbor location, multi-tenant flex space.
    Where is this life science property located?
    The property is located at 401 Morgan Rd Ann Arbor, MI.
    What is the asking price?
    The asking price for this property is $5,658,200.
    What are key features of this property?
    This property features: 28,176 SF industrial building on 8.9-acre lot in Ann Arbor, MI.; Single-story building with 20' ceilings, built in 1994.; Three loading docks and business district zoning.
    Request Owner's contact information
    401 Morgan Rd 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
    401 Morgan Rd Ann Arbor, MI 48108
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