760 State Cir, Ann Arbor, MI 48108-1648
This single-tenant industrial flex building, located at 760 State Circle, Ann Arbor, MI 48108, offers 16,000 square feet of versatile space ideal for various uses, including retail showroom, office, and warehouse/distribution. Built in 1966, the one-story building features an 18-foot ceiling height, one loading dock, and one drive-in door, providing efficient operational capabilities. The property includes 800 amps of 3-phase power, ensuring sufficient electrical capacity. A sizable enclosed mezzanine adds valuable extra space. The 1.78-acre lot offers ample parking, with potential for additional rear parking. Its strategic location off S. State Street, near the I-94 Interchange, provides convenient access to downtown Ann Arbor and surrounding communities. The FB zoning allows for flexibility in usage. The property's location also presents a significant opportunity for prominent signage along I-94, maximizing visibility and brand exposure. The property's APN is L-12-08-400-009. This is a rare opportunity to acquire a well-located, functional industrial flex building in a thriving Ann Arbor market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.