Property profile

201 Washington St 1 Ann Arbor, MI 48104

OFF-MARKET
Commercial real estate
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Property ID
US43-0463764
0.1 ac Built 1901
Last sale Sep 2014·$607,698
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

This exceptional retail condominium, located at 201-203 E Washington Street in Ann Arbor, Michigan, presents a unique investment opportunity. Situated just blocks from the University of Michigan's Central Campus, this property enjoys a high-traffic, vibrant location within the heart of Ann Arbor's bustling downtown area. The building features a spacious first-floor retail space, previously operating as a successful bar and restaurant, offering significant potential for a variety of uses. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$38k
Tax billed · 2023
Assessed value · 2024$688k
Effective rate5.50%

Value estimate

· Nov 2026
$355k
$320k – $391k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$198/SF
Submarket average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$102 – $310

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
D1
This district is intended to contain the downtown's greatest concentration of development and serves as a focus for intensive pedestrian ...
General categoryCOMMERCIAL
JurisdictionWASHTENAW

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service12.8
HVAC Service11.8
Kitchen & Bath11.2

Location

201 Washington St, Unit 1 Ann Arbor, MI 48104-2007
County assessor Recorded deeds · 11 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
221 Main, Ann Arbor, MI 48104-2105 $3,300,000 Feb 2026 No data
906 Packard, Ann Arbor, MI 48104-3841 $880,000 Feb 2026 No data
2500 Packard, Ann Arbor, MI 48104-6827 $2,500,000 Feb 2026 No data
1401 Golden, Ann Arbor, MI 48104-4394 $1,050,000 Dec 2025 No data
1130 Oakland, Ann Arbor, MI 48104-3455 $1,450,000 Nov 2025 No data
200 Ashley St, Ann Arbor, MI 48104-1349 $1,300,000 Jul 2025 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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