4325 Concourse Dr, Ann Arbor, MI 48108-9688
This 10,178-square-foot single-tenant flex space, built in 1994, is ideally situated off S State Street, across from the Ann Arbor Municipal Airport, and just south of I-94. Its convenient location provides easy access to downtown Ann Arbor, Saline, Ypsilanti, and surrounding communities. The property features a well-maintained building with a combination of office and warehouse space. The office area includes a lobby, reception area, private offices, a conference room, open workspaces, and restrooms. The warehouse component boasts a 16-foot ceiling height and one drive-in bay door. The building sits on a 2.36-acre lot and is zoned for Business District use. The property includes ample parking with approximately 48 spaces. The current floor plan is adaptable, with the landlord open to modifications to increase warehouse space as needed. The property is currently vacant and available for immediate occupancy. The owner is considering offers for sale. The property's APN is L-12-16-200-029. This is a rare opportunity to acquire a versatile and well-located flex space in a thriving Ann Arbor market.
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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
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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