700 Newport Pl Ann Arbor, MI 48103
This exceptional 1.48-acre property in Ann Arbor, Michigan, presents a unique investment opportunity. The offering includes a former Calvary United Methodist Church and a mid-century pastor's residence. The church building itself boasts approximately 18,000 square feet (buyer to verify), encompassing main, upper, and lower levels. These versatile spaces feature abundant natural light and a striking sanctuary, offering significant potential for adaptive reuse. The pastor's residence provides an open living and dining area, a fireplace, a deck, and a well-equipped kitchen. The property is zoned R1C and situated on a prime Ann Arbor west side location, close to Miller Nature Area, schools, Kerrytown, Downtown Ann Arbor, I-94, and M-14. With its substantial size and desirable location, this property presents a compelling opportunity for various development scenarios, including the potential for subdivision into approximately nine residential lots (buyer to verify feasibility). The asking price is $3,100,000, translating to approximately $172.22 per square foot (based on estimated square footage). The property's APN is 09-09-19-414-036. This is a rare chance to acquire a significant property with substantial redevelopment or residential development potential in a highly sought-after Ann Arbor location. Square footage is estimated and should be independently verified by the purchaser.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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