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    200 1St St Ann Arbor, MI 48104

    For Lease
    $24 SF/Yr

    Move-in ready office, flexible lease terms

    Lot size:
    26,376 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2-story, Class C office building at 200 S. First Street in Ann Arbor, MI, offers a prime opportunity for businesses seeking flexible and fully equipped space. Located in the Washtenaw W of 23 submarket, this single-tenant property boasts a total of 26,376 square feet, with 5,000 square feet currently available for lease. Built in 2024, the building sits on a 0.25-acre lot (10,890 sq ft) and is zoned D2. The available space is fully built-out and move-in ready, featuring 11 private offices, two bathrooms, two conference rooms, a common area, kitchen, phone booth, and a storage area. Furniture is included. Short-term lease options are available. A one-year lease is priced at $12,000 per month, while a two-year lease is offered at $10,500 per month. The property's convenient location near West Washington St & South 1st St, in Washtenaw County (zip code 48104), provides easy access to major transportation routes and amenities. This is an ideal space for a company seeking immediate occupancy and a well-appointed workspace.

    Property Features for 200 1St St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    26,376 SF
    Class
    C
    Total Rate
    52752

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,000 SF
    Rate per SF
    $29

    HighLights

    • 1,000‑5,000 square feet of office space available.
    • Move‑in ready suite with 11 private offices, 2 bathrooms, 2 conference rooms, kitchen, and storage.
    • Short‑term lease options available for 5,000 sq. ft.
    • Annual rent: $12,000/month (1‑year lease), $10,500/month (2‑year lease).
    • Gross lease rate: $24.00-$29.00/sq. ft.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bamboo Ann Arbor Coworking Space Comfort Keepers Home ... Home Health Care Service Dokebi Mural (A2AC ... Tourist Attraction Compass & Style Travel Agency Pest Control Ann ... Pest Control Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing 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
    -83.7146001
    Latitude
    42.2660881

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    FAQs

    What type of property is this?
    Office Property / Space - Move-in ready office, flexible lease terms
    Where is this office property / space located?
    The property is located at 200 1St St Ann Arbor, MI.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: 1,000-5,000 square feet of office space available.; Move-in ready suite with 11 private offices, 2 bathrooms, 2 conference rooms, kitchen, and storage.; Short-term lease options available for 5,000 sq. ft.
    Request Owner's contact information
    200 1St St Ann Arbor, MI 48104
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    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
    200 1St St Ann Arbor, MI 48104
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