Property profile

983 W Ann Arbor Trl Plymouth, MI 48170

FOR LEASE
Retail space
Property ID
US43-1589572
5,409 SF 0.42 ac lot Built 1978
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1400-square-foot office space, located in the vibrant heart of downtown Plymouth, is now available for lease. Recently renovated, this two-story building offers a versatile layout suitable for a variety of businesses, including traditional office, medical office, or creative office uses. The single-tenant occupancy provides privacy and control, while the prime downtown location offers unparalleled convenience. Enjoy easy access to ample parking, a wide array of retail shops, diverse dining options, and abundant entertainment venues. The building's accessibility to major highways ensures seamless commutes for employees and clients. Signage opportunities are available, subject to landlord and city approvals. A minimum three-year lease is required. The lease is a modified gross lease structure; tenants are responsible for utilities, water, and a prorated share of salt/snow removal costs. Existing furniture is negotiable. The property boasts a 1978 construction date and features no elevators. Immediate occupancy is possible. This is a fantastic opportunity to establish your business in a thriving, walkable community with a strong sense of small-town charm.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1978
Construction FRAME
Total area 5,409 SF
Lot 0.42 ac (18,295 SF)
Zoning code B-2
APN 49-009-06-0291-000
UPID US43-1589572

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bakery Specialty Food Shop
  • Loan Service Bank
  • Loan Service Bank
  • Loan Service Bank
  • Loan Service Bank

Location

983 W Ann Arbor Trl Plymouth, MI 48170
Plymouth metro Census 562700 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$671k
Blend (final) Blend
$390k

Owner & transaction history

since 2013
3 recorded transactions
2013
Price N/A
2013
Price N/A
1969
Price N/A

Zoning & alternative use

B-2 · Plymouth, MI
Zoning description

o Update the Intent of the B-2 Zoning District to reflect the description of the Central Business District Future Land Use Category in the Master Plan. Years 3-4: Zoning Ordinance Recodification - NOT STARTED Based on th…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $595,000 +44.2%
Restaurant $560,000 +36.0%
Office building $525,000 +27.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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