4177 Varsity Dr, Ann Arbor, MI 48108-5014
This exceptional 11,050-square-foot industrial property, located in a Class A Ann Arbor industrial park, presents a unique leasing opportunity. Situated on a 2.48-acre lot, the building boasts 8,050 square feet of readily available space, perfect for manufacturing, flex, or R&D operations. Built in 1992, the property features a substantial 19'10" ceiling height, providing ample vertical space for various uses. The building is fully air-conditioned, ensuring a comfortable and productive work environment. With 30 total parking spaces, ample parking is available for employees and visitors. The property benefits from convenient freeway access, streamlining logistics and transportation. The building is zoned BD and located in Washtenaw County, with Pittsfield Township taxes. The property's current tax rate is $2.66 per square foot, and building insurance is $0.29 per square foot. The existing structure offers 3,000 square feet of potential expansion space, accommodating future growth needs. The property is served by 208 3-phase power. This single-tenant building presents a compelling opportunity for businesses seeking a well-maintained, strategically located industrial space with significant expansion potential. A long-term lease is available.
-
Shaw Electric Co Electrical Service General Contractor
-
Instrumedics LLC Surgical Supply Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.