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Financial
Distress signals
Property profile

5240 N Territorial Rd Ann Arbor, MI 48105

FOR LEASE
Commercial real estate
Property ID
US43-2850446
1,628 SF 1.17 ac lot Built 1925
Last sale Apr 2025 · $304,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 1,628 square foot office building, situated on a desirable 1.51-acre corner lot in Ann Arbor's Salem Township (zip code 48105), presents a unique investment opportunity. Built in 1925, this two-story building currently functions as a dental office but offers remarkable versatility for adaptation to general or medical office spaces. The property is zoned OC (Office Commercial), allowing for a range of professional uses. Key features include a full basement providing ample…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2019

What does the county charge?
$4k
Tax billed · 2019
Assessed value · 2024$210k
Effective rate2.12%

Value estimate

· Oct 2026
$290k
$261k – $319k
NOI build-up
Gross scheduled income$29k
Vacancy & credit loss−$4k
Operating expenses−$6k
NOI · 78,531.56% cap applied$18k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$198/SF
Submarket average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$102 – $310
Qualifying comparables7

Cap rate analysis

How does the asset earn?
78,531.56%
$18k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWASHTENAW

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand index
HVAC Service9.1
Dental Office8.9
Restaurant7.7

Location

5240 N Territorial Rd Ann Arbor, MI 48105
County assessor Recorded deeds · 1 transfer 7 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1015 Broadway, Ann Arbor, MI 48105-1805 $500,000 Apr 2025 No data
4090 Geddes, Ann Arbor, MI 48105-2750 $1,199,478 Apr 2024 No data
1002 Pontiac, Ann Arbor, MI 48105-1715 $500,000 Mar 2024 2,816 SF
5135 Plymouth, Ann Arbor, MI 48105-9520 $158,000 Nov 2022 3,300 SF
1123 Broadway, Ann Arbor, MI 48105-1878 $665,000 May 2022 1,312 SF
5300 Plymouth, Ann Arbor, MI 48105-9520 $275,000 May 2019 1,836 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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