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Property profile & analytics

340 State St Ann Arbor, MI 48104-2412

  • Commercial real estate
  • 3,360 SF
  • 0.06 lot acres
OFF-MARKET
Last Sale
Feb 22, 2022
Value Estimations
$945,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-1185433
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

  • Ethnospot Herbs & Extracts / Specialty Food Shop

Property Details for 340 State St

Year built
1901
Lot size
0.06 lot acres
Property size
3,360 SF
Zone code
D1
Property type
Commercial real estate
APN
09-09-29-400-002
APU
90929400002

Description

This exceptional 1,680 square foot coworking space, located on the second floor of a building at S State Street in Ann Arbor's vibrant downtown core, presents a unique lease opportunity. Situated directly across from the University of Michigan's main campus, this property enjoys unparalleled visibility and accessibility. The building, constructed in 1901 and extensively renovated in 2023, offers a blend of historic charm and modern functionality. The space itself is currently undergoing a complete "white box" renovation, including updated mechanical systems and the creation of an open, flexible floor plan ideal for a variety of uses, including wellness centers or modern coworking spaces. The space features abundant natural light and high ceilings, enhancing its appeal. While there is no on-site parking, the property benefits from heavy foot and vehicle traffic, and convenient access to nearby public parking. The zoning designation is Downtown Core District. The total building size is 3,360 square feet, spread across two stories. The property includes a planned ADA-compliant bathroom. The building's address is further identified by its cross street, E William Street, and its Assessor's Parcel Number (APN) is 09-09-29-400-002. The electrical power capacity is 400 amps. There is no elevator in the building. This is a single-tenant space.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $943,000
    Market price range: $344k - $1.04M
    AI Estimate
    $943,000
    Market price range: $344k - $1.04M

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


Location Insight

  • Map
  • Local Demand
City
Ann Arbor
County
Washtenaw
State
Michigan
Longitude
-83.7411
Latitude
42.278
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
$9,896
$0.00
$0.00
$479,600
-
$0.00
$0.00
$959,200
More about this property
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