Property profile

310 Main St Chelsea, MI 48118

OFF-MARKET
Office buildings
Property ID
US43-1528385
27,410 SF 1 ac lot
Individually Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use office building, a landmark in downtown Chelsea's Clocktower Complex, offers 27,410 square feet of space across three stories. Built in 1907, this Class B property boasts a charming historic character, complemented by modern conveniences. Currently, 5,795 square feet are available for lease, divisible into units ranging from 1,046 to 2,662 contiguous square feet. The building features one passenger elevator and is situated on a one-acre lot at the intersection of E Middle Street and North Street, benefiting from high foot traffic. The C-5 zoning allows for a variety of commercial uses. The property includes convenient on-site parking, supplemented by nearby public lots and street parking. The building's common areas are shared with retail and hospitality businesses, creating a vibrant and convenient work environment. Light-filled and spacious, these available suites are ready for immediate occupancy. The property's location within the Clocktower Complex and its proximity to other local businesses and retail establishments make it an ideal location for a variety of businesses. The building's address is identified by APN 06-06-12-111-001, and it's situated in the Washtenaw W of 23 submarket cluster within Ann Arbor. This unique opportunity combines historic charm with modern functionality in a prime downtown location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Total area 27,410 SF
Lot 1 ac (43,560 SF)
Zoning code C5 CENT
APN 06-06-12-111-001
UPID US43-1528385

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

310 Main St Chelsea, MI 48118-1555
Chelsea metro Census 446400 ANN ARBOR, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.28M
Blend (final) Blend
$2.28M

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

C5 CENT · Chelsea, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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