Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $3,920,000
    Industrial properties

    4401 Varsity Dr, Ann Arbor, MI 48108-5003

    28,929 SF 4.36 ac lot Built 1997
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US43-1531556
    Property summary
    AI-generated overview

    This exceptional 17,900-square-foot flex/R&D space is situated within a well-maintained Ann Arbor commerce park. The single-story building, constructed in 1997 and renovated in 2001, offers a total of 28,776 square feet, with up to 17,900 square feet available contiguously. Located at 4401 Varsity Drive, Ann Arbor, MI 48108, this property boasts a prime location, minutes from I-94 and US-23, ensuring convenient access to major transportation arteries. The warehouse area features a generous 16-foot clear ceiling height, enhancing operational efficiency. Loading and unloading are facilitated by one loading dock and two grade-level doors. Durable epoxy flooring adds to the property's functionality. The building also offers attractive exterior features, including a well-maintained facade and the opportunity for prominent monument signage. The property sits on 4.36 acres of land in Washtenaw County, within the Washtenaw W of 23 submarket. This versatile space is ideal for a variety of businesses seeking a functional and strategically located facility in a thriving Ann Arbor market. The property is available for multiple tenants.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1997
    Total area 28,929 SF
    Lot 4.36 ac (189,922 SF)
    APN L -12-16-103-045
    UPID US43-1531556
    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
    • Tissue Seal, LLC Production Facility Factory
    • warmUp RX Department Store
    • Covaron Advanced Materials Laboratory
    • Your Home Improvement Company - Windows & Bath Renovation Specialist General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.92M
    Blend (final) Blend
    $3.92M
    Owner & transaction history
    First Avenue Properties LLC · 9 yrs held
    First Avenue Properties LLC
    since 2017
    3 recorded transactions
    2020
    2017
    2014
    $18.0M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $5.7M +135.8%
    Office building $4.4M +79.3%
    Retail stores $3.3M +37.0%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 4401 Varsity Dr?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message