334 Ashley St Ann Arbor, MI 48104
This exceptional 1,400 square foot commercial property, located at 334 S Ashley St in Ann Arbor, Michigan, presents a unique leasing opportunity. Situated in the heart of downtown, this single-tenant space boasts high visibility and convenient access, directly across from a public parking lot and within walking distance of numerous popular restaurants and businesses. The building, constructed in 1901 and featuring three stories, offers a blend of historic charm and modern upgrades. Recent renovations (2021-2022) include recessed lighting, new wiring, and foamed insulation joists, ensuring an energy-efficient and contemporary environment. The property sits on a 0.25-acre lot and includes two parking spaces. Zoned CM R-5, this versatile space is suitable for various uses, including traditional office, executive office, coworking, medical office, or creative office. The property is not historically designated, allowing for flexible interior modifications. This is an exceptional opportunity to establish a business in a thriving downtown Ann Arbor location, adjacent to an active cannabis provision center. The property's size is 1,400 square feet.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.