4130 Varsity DrAnn Arbor, MI 48108

Property Details for 4130 Varsity Dr

Year built

2001

Lot size

2.35 AC

Property size (Sq ft)

8,050 SF

Property type

Office properties

Property subtype

Office buildings

APN

L -12-16-101-005

APU

L1216101005

Description

This exceptional 6,000-square-foot single-tenant flex space in Ann Arbor, Michigan, is ideally situated at 4130 Varsity Drive, offering convenient access to E Ellsworth Road, S State Street, and I-94. Built in 2001, the property boasts a prime location near downtown Ann Arbor, Saline, and surrounding communities. The well-maintained building features ample natural light, a welcoming reception area and lobby, a spacious conference room, multiple private offices, an open workspace perfect for collaboration, and a convenient kitchenette. In addition to the office space, there's a substantial approximately 1,297-square-foot warehouse component with a 16-foot ceiling and a roll-up door, ideal for storage or light industrial use. The property is zoned for Business District use (APN: L-12-16-101-005) and includes 20 parking spaces and one drive-in bay. This versatile space is perfect for a variety of businesses seeking a blend of office and warehouse functionality in a highly accessible location. The property is located in Ann Arbor, MI, 48108, and has frontage on Varsity Road and is easily accessible from Varsity Drive and E Ellsworth Road. The building consists of one structure.

• CAP approach

  CAP return

  Valuation

  6%

  $1,378,063

  6.5%

  $1,272,058

  7%

  $1,181,197

• Comparable approach

  Method

  Valuation

  Relative Method

  $752,997

  Geo Method

  $752,997

• Alternative Use

  Use

  Valuation

  Residential

  $1,577,352

  Hospitality

  $1,444,846

  Educational

  $1,202,095

  Medical

  $1,243,437

  Retail

  $1,869,925

Location Insight

City

Ann Arbor

County

Washtenaw

State

Michigan

Latitude

42.2264

Longitude

-83.7275

CBSA code

11460

CBSA name

ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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