Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
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Law Firm
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Law Firm
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Law Firm
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Law Firm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
1. D1 Downtown Core District This district is intended to contain the downtown's greatest concentration of development and serves as a focus for intensive pedestrian use. This district is appropriate for high-density mix…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
D1 · Ann Arbor, MI1. D1 Downtown Core District This district is intended to contain the downtown's greatest concentration of development and serves as a focus for intensive pedestrian use. This district is appropriate for high-density mix…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
1. D1 Downtown Core District This district is intended to contain the downtown's greatest concentration of development and serves as a focus for intensive pedestrian use. This district is appropriate for high-density mix…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for D1 in Ann Arbor, MI.
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