315 Huron St Ann Arbor, MI 48103
This exceptional 39,818 square foot property presents a significant redevelopment opportunity in the heart of Ann Arbor, Michigan. Located at 315 W Huron St, this 0.74-acre lot boasts a three-story, Class A office building, the Arbor Atrium, constructed in 1935 and renovated in 2017. The building features a stunning three-story atrium, bringing abundant natural light into the spacious layout. The property includes on-site parking, a rare amenity in the downtown area, supplemented by readily available municipal street and lot parking within a single block. Zoned D-2 (Downtown Interface District), this site is ideally suited for a variety of commercial and residential uses, offering unparalleled access to Ann Arbor's vibrant downtown scene. Its prime location provides easy walking distance to numerous restaurants, cafes, retail shops, and businesses. The property's size and zoning regulations provide flexibility for a wide range of development projects, making it an attractive investment for those seeking a high-impact project in a thriving urban environment. The asking price is $6,800,000, translating to $170.78 per square foot. This presents a unique chance to acquire a landmark property with significant upside potential in a highly desirable location. The Washtenaw County property (APN: 09-09-29-213-017) offers frontage on W. Huron, S. First Street, and W. Washington Streets.
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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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.