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    315 Huron St Ann Arbor, MI 48103

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    For Lease
    Contact for pricing

    Ann Arbor Class A Office Space Available

    Lot size:
    39,818 SF

    Property Features for 315 Huron St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    39,818 SF
    Class
    A
    Total Rate
    89590.5

    Building Details

    Year Built/Renovated
    1935/2017
    Stories
    2

    Spaces For Lease

    at 315 Huron St, Ann Arbor, MI 48103 Contact us
    Unit Suite 360

    $27 /Mo

    Size
    1,953 SF
    Contact us
    Unit Space 300

    $27 /Mo

    Size
    2,640 SF
    Contact us
    Unit Suite 120

    $27 /Mo

    Size
    2,145 SF
    Contact us
    Unit Suite 240

    $27 /Mo

    Size
    2,540 SF
    Contact us
    Unit Suite 280

    $27 /Mo

    Size
    2,585 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Randy Maas
    Randy Maas

    Listing Agent: Randy Maas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    The Arbor Atrium, located at 315 W. Huron Street in Ann Arbor, Michigan, offers exceptional Class A office space. This beautifully renovated (2017) two-story building boasts 39,818 square feet of total space, with 12,073 square feet currently vacant. The property features a striking three-story atrium and is situated in the desirable D2 - Mixed-Use Downtown Interface District (APN: 09-09-29-213-017). The building's convenient location provides easy access to downtown Ann Arbor's vibrant restaurants, cafes, retail shops, and businesses. On-site parking is available, supplementing the ample municipal street and lot parking within a single block. The building is equipped with elevators and caters to various office needs, including traditional, executive, and creative office spaces. Originally constructed in 1935, the Arbor Atrium offers a blend of historic charm and modern amenities, making it an ideal location for businesses seeking a prestigious and functional workspace in the heart of Ann Arbor (Washtenaw W of 23 submarket cluster). The building is multi-tenant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ignite Legal Law Firm Red Hat (Bike/Boat/Book/etc) Store ESV Digital US Marketing & Advertising Smile While You ... Accounting Firm Direct Inc Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.751537767361
    Latitude
    42.281457949307

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    FAQs

    What type of property is this?
    Office space - Ann Arbor Class A Office Space Available
    Where is this office space located?
    The property is located at 315 Huron St Ann Arbor, MI.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: Class A office building, 39,818 SF total, 12,073 SF currently vacant, renovated in 2017.; Located in Ann Arbor's desirable D2 Mixed-Use Downtown Interface District.; Features a striking three-story atrium.
    (734) 222-7525 Call to check price and availability
    Request Owner's contact information
    315 Huron St Ann Arbor, MI 48103
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    Ann Arbor, MI 48103
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    315 Huron St Ann Arbor, MI 48103
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Randy Maas
    Randy Maas
    Real Estate License ID: #6506046436
    (734) 222-7525
    Learn more
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