963 Ann Arbor TrlPlymouth, MI 48170

Property Details for 963 Ann Arbor Trl

Year built

1978

Construction

FRAME

Lot size

0.42 AC

Property size (Sq ft)

5,409 SF

Zone code

B-2

Property type

Retail properties

Property subtype

Retail space

APN

49-009-06-0291-000

APU

49009060291000

Description

This exceptional 1400-square-foot office space, located in the vibrant heart of downtown Plymouth, is now available for lease. Recently renovated, this two-story building offers a versatile layout suitable for a variety of businesses, including traditional office, medical office, or creative office uses. The single-tenant occupancy provides privacy and control, while the prime downtown location offers unparalleled convenience. Enjoy easy access to ample parking, a wide array of retail shops, diverse dining options, and abundant entertainment venues. The building's accessibility to major highways ensures seamless commutes for employees and clients. Signage opportunities are available, subject to landlord and city approvals. A minimum three-year lease is required. The lease is a modified gross lease structure; tenants are responsible for utilities, water, and a prorated share of salt/snow removal costs. Existing furniture is negotiable. The property boasts a 1978 construction date and features no elevators. Immediate occupancy is possible. This is a fantastic opportunity to establish your business in a thriving, walkable community with a strong sense of small-town charm.

• CAP approach

  CAP return

  Valuation

  6%

  $1,361,155

  6.5%

  $1,256,450

  7%

  $1,166,704

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,275,014

  Geo Method

  $1,275,014

• Alternative Use

  Use

  Valuation

  Residential

  $1,059,863

  Hospitality

  $970,829

  Educational

  $807,718

  Medical

  $835,497

  Retail

  $1,256,450

Location Insight

City

Plymouth

County

Wayne

State

Michigan

Latitude

42.3698

Longitude

-83.4714

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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