213 Aprill Dr Ann Arbor, MI 48103-1903
- Commercial real estate
- 3,840 SF
- 2.34 lot acres
May 20, 2025
Current Use by Public Records
- Fox's Towing / Auto Repair Shop
- Auto Tech Center / Auto Repair Shop
Property Details for 213 Aprill Dr
- Lot size
- 2.34 lot acres
- Property size
- 3,840 SF
- Zone code
- I-1
- Property type
- Commercial real estate
- APN
- H -08-26-100-019
- APU
- H0826100019
Description
This exceptional opportunity presents the chance to acquire a well-established, profitable auto repair business and its accompanying real estate in Ann Arbor, Michigan. The business, Auto Tech, boasts a long-standing reputation (over three decades) and serves the greater Ann Arbor area. The property includes a 4,752 square foot building situated on a spacious 2.3-acre lot, providing ample parking. The building features a welcoming customer area with a retail space, lobby, reception desk, private office, and a combined meeting room/kitchen. The shop itself is equipped with abundant natural light, a bay door, high ceilings, a restroom, a compressor, and four hoists. The property is zoned I-1 and its address is 213 Aprill Dr, Ann Arbor, MI 48103. The location is highly advantageous, offering easy access to Jackson Road, I-94, downtown Ann Arbor, and Dexter. Proximity to established retail, office spaces, industries, and residential areas, including a nearby approved large-scale residential development, ensures continued growth potential. The asking price for the complete package – real estate, business, and equipment – is $995,000. This represents a compelling investment opportunity in a high-traffic, strategically located area. The property's parcel number is H-08-26-100-019.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $645,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $750,000
- 6.5%
- $695,000
- 7%
- $645,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $623,000
- AI Estimate
- $623,000
Market price range: $304k - $751kMarket price range: $304k - $751k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $540,000 Current use
- OFFICE BUILDING
- $580,000 Change: +7% Conversion: Easy
- RETAIL STORES
- $440,000 Change: -18% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Ann Arbor
- County
- Washtenaw
- State
- Michigan
- Longitude
- -83.8067
- Latitude
- 42.2821
- CBSA code
- 11460
- CBSA name
- ANN ARBOR, MI METROPOLITAN STATISTICAL AREA