Financial
Distress signals
Property profile

201 Washington St 1 Ann Arbor, MI 48104

OFF-MARKET
Commercial real estate
Property ID
US43-0463764
0.1 ac lot Built 1901
Last sale Sep 2014 · $607,698
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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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. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

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

Value estimate

· Sep 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 · 9 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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