Property profile

2725 Packard St Ann Arbor, MI 48108

OFF-MARKET
Office Spaces
8,405 SF Built 2005
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Property summary

AI-generated overview

This exceptional two-story, 8,405-square-foot medical office building, constructed in 2005, presents a unique investment opportunity. Situated on a 1.6-acre lot at the intersection of Packard and a cross street, conveniently located near Buhr Park, this Class B property offers easy access to downtown Ann Arbor, S. State Street, and I-94. The building features two suites, totaling 8,405 square feet, with a minimum divisible space of 1,685 square feet and a maximum contiguous space of 2,921 square feet. Currently, 4,833 square feet are vacant and available for lease. Amenities include 50 parking spaces, a passenger elevator, and premium finishes throughout. Each suite boasts large windows, private offices, conference rooms, and kitchens. Common restrooms are shared between suites. The building also features a welcoming two-story entry with peaked ceilings and a full basement. The listed price per square foot includes a 12% load factor. The property is zoned for office use and has a fire suppression system. The APN is 09-12-03-307-059. This property is located in the Washtenaw W of 23 submarket.

Property profile

Verified
Property type Office Spaces
Year built 2005
Total area 8,405 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Crisis Center Medical Clinic
  • Foster Care Service Social Service Agency
  • Counselor Practitioner Service Location
  • Medical Clinic
  • Physician

Location

2725 Packard St Ann Arbor, MI 48108
Ann Arbor metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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