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    Property profile & analytics
    OFF-MARKET Estimated value $2,275,000
    Office buildings

    310 Main St, Chelsea, MI 48118-1555

    27,410 SF 1 ac lot
    Individually Owned Absentee Owner ~ Est. High Equity
    Property ID
    US43-1528385
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Chelsea Clocktower Building Ll
    Chelsea Clocktower Building Ll
    1 recorded transaction
    1969
    Zoning & alternative use
    C5 CENT · Chelsea, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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