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Property profile & analytics

221 Main St Ann Arbor, MI 48104-1150

  • Commercial real estate
  • 8,580 SF
  • 0.07 lot acres
OFF-MARKET
Last Sale
Sep 22, 2022
$3,250,000
Value Estimations
$2,420,000
Show details
Cap Rate Potential
3.3%
Commercial real estate
Location Intelligence
Property ID
US43-1365380
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Blanchard & Walker PLLC / Law Firm
  • David M. Blanchard, Esq. / Law Firm
  • Deborah La Belle Law Offices / Law Firm
  • Carole M. Stanyar / Law Firm
  • Streeter Patricia / Law Firm

Property Details for 221 Main St

Year built
1901
Lot size
0.07 lot acres
Property size
8,580 SF
Zone code
D1
Property type
Commercial real estate
APN
09-09-29-140-016
APU
90929140016

Description

This exceptional move-in ready office space, totaling 2,860 square feet, is situated in a charming, historic building in the heart of downtown Ann Arbor. The property boasts attractive features including exposed brick walls and arched doorways, creating a unique and inviting atmosphere. The suite offers abundant natural light, a large open workspace, six private offices, two conference rooms, a fully equipped kitchen, and a restroom complete with a shower. A private and secure elevator entrance adds to the convenience and exclusivity. The building, constructed in 1901, comprises two buildings with three stories and features an elevator. The property is zoned D1 and has an APN of 09-09-29-140-016. Its prime location offers easy access to established restaurants, businesses, and retail shops, with convenient proximity to Kerrytown. Public parking garages and lots are nearby, and the location provides excellent access to major transportation arteries, including M-14 and I-94, as well as the University of Michigan. The total building square footage is 8,580 square feet, with 2,860 square feet currently available. The asking price is $32-$35 per square foot, modified gross. The cross street is Miller Avenue. This locally owned and managed property presents a fantastic opportunity for businesses seeking a prestigious and functional office space in a vibrant downtown setting.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $3,035,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,675,000
    6.5%
    $1,550,000
    7%
    $1,440,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,722,000
    Market price range: $879k - $2.66M
    AI Estimate
    $1,722,000
    Market price range: $879k - $2.66M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Ann Arbor
County
Washtenaw
State
Michigan
Longitude
-83.7487
Latitude
42.2831
CBSA code
11460
CBSA name
ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$57,528
$0.00
$0.00
$875,300
-
$0.00
$0.00
$1,750,600
More about this property
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