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    Property profile & analytics
    OFF-MARKET Estimated value $1,405,000
    Office buildings

    4325 Concourse Dr, Ann Arbor, MI 48108-9688

    10,178 SF 2.36 ac lot Built 1994
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-1663901
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1994
    Total area 10,178 SF
    Lot 2.36 ac (102,802 SF)
    APN L -12-16-200-029
    UPID US43-1663901
    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
    Current use
    Occupant on record · Public records
    • Metro Delivery Courier Service Postal Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.41M
    Blend (final) Blend
    $1.41M
    Owner & transaction history
    Kin LLC · 1 yrs held
    Kin LLC
    since 2025
    7 recorded transactions
    2025
    2025
    2018
    2018
    2018
    2010
    2002
    $935,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $2.0M +31.5%
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