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Property profile & analytics
FOR LEASE
Retail space

4801 Washtenaw Ave Ann Arbor, MI 48108

19,332 SF 1.8 ac lot Built 1973
Entity Owned Absentee Owner Free & Clear
Property ID
US43-1420245
Property summary
AI-generated overview

This exceptional 19,550-square-foot retail space is available for lease at 4801 Washtenaw Ave in Ann Arbor, Michigan. Located in the Washtenaw E of 23 submarket, this single-tenant building sits on a generous 1.8-acre lot and offers ample parking with 20 spaces. Built in 1973 and renovated in 1988, the property boasts a single-story design, providing convenient access and functionality. The entire 19,550 square feet is currently vacant, presenting a unique opportunity for a business seeking significant space. The property is zoned C-2, allowing for a variety of commercial uses. Its convenient location on Washtenaw Avenue, with cross-street access to US 23, ensures high visibility and accessibility for customers. The property's address is 4801 Washtenaw Ave, Ann Arbor, MI 48108, and its parcel number is L-12-01-401-003 in Washtenaw County. This prime location and substantial square footage make this property an ideal investment for a variety of retail businesses. The property's size and location offer significant potential for growth and success. Serious inquiries are encouraged.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1973
Total area 19,332 SF
Lot 1.8 ac (78,408 SF)
APN L -12-01-401-003
UPID US43-1420245
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
  • American Freight Furniture and Mattress Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.53M
Blend (final) Blend
$2.54M
Owner & transaction history
4801 Washtenaw LLC
4801 Washtenaw LLC
1 recorded transaction
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $3.8M +72.2%
Office building $2.9M +31.0%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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