0 State St Ann Arbor, MI 48108
This exceptional 2.26-acre commercial land parcel presents a unique investment opportunity in Ann Arbor, Michigan. Located on S State Street at the corner of Concourse Drive, this property boasts a prime location with high visibility and accessibility. Benefiting from Pittsfield Township taxes and utilities, the site is zoned BD – Business Development, offering a wide range of permitted uses. These include office/medical facilities, medical laboratories, technology centers/research facilities, and manufacturing and assembly operations, with additional conditional uses possible. Its strategic location just south of Ellsworth Road, across from the Ann Arbor Municipal Airport, and minutes from I-94, Michigan Avenue, and downtown Ann Arbor provides unparalleled convenience and connectivity. The surrounding area is a thriving hub for R&D and industrial parks, including Avis Farms and State Street Executive Park, and is home to established businesses such as the Michigan Research Institute, Takara Bio USA, and Gym America. Proximity to Saline and newer residential neighborhoods further enhances its appeal. The property's APN is L-12-16-200-028. The asking price is $875,000. This is an exceptional opportunity to acquire a significant land holding in a rapidly growing area with diverse development potential. The zip code is 48108.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.