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    Property profile & analytics
    OFF-MARKET Estimated value $855,000
    Commercial real estate

    111 Main St, Ann Arbor, MI 48104-1411

    0.08 ac lot Built 1960
    Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-1097050
    Property summary
    AI-generated overview

    This two-story, 4,666 square foot office building, built in 1960, is available for lease in Ann Arbor's vibrant downtown core. Located on N Main Street, just north of E Huron Street, this single-tenant property boasts a highly desirable location near numerous businesses, retail shops, and residential areas. The building offers convenient access to ample public parking, Kerrytown, the University of Michigan, and M-14. The main floor features a reception area, private offices, conference rooms, restrooms, and a spacious open workspace. The second floor, bathed in natural light, provides a downtown view, a second reception area, additional private offices, restrooms, a conference room, and a large kitchen/break area. A significant benefit is the approximately 2,333 square feet of basement storage space available for lease at an additional $10 per square foot gross. Six rear parking spaces are available, allowing for up to twelve vehicles. The property is zoned Downtown Core District; however, a Grant of Easement protects against vertical redevelopment, ensuring continued light, air, and wind access. This unique opportunity offers a blend of classic charm and modern functionality in a highly sought-after location.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1960
    Lot 0.08 ac (3,311 SF)
    Zoning code D1
    APN 09-09-29-141-003
    UPID US43-1097050
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Liberty Title Insurance and Real Estate Closing Services - Ann Arbor Michigan - Main Street Title Company Escrow Service
    • Zing Title Consultant
    • Misty Mountain Cannabis (Bike/Boat/Book/etc) Store
    • Oslo Movement Gym & Fitness Center
    • Stay Well Sports Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $855k
    Owner & transaction history
    Elaine Shaddach · 4 yrs held
    Elaine Shaddach
    since 2022
    Last sale
    $855,625
    7 recorded transactions
    2023
    2022
    2022
    $526,000
    2021
    $855,625
    2021
    $170,000
    2021
    $325,000
    2017
    Zoning & alternative use
    D1 · Ann Arbor, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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