Historic "Deke Shant" Property for Sale

Office for Sale
Also listed as Retail-Commercial, Special Purpose
Catylist Listing ID: 30746436
Property Subtypes: Institutional, Office Building, Other
Building Size (RSF): 3,000 SF
Sale Price: $2,250,000
Unit Price: $750 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Delta Kappa Epsilon "Shant"
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/25/2023

Overview / Comments

Historic downtown Ann Arbor “Deke’s Shant” building for sale. Built in 1878 and designed by architect William LeBaron Jenney, University of Michigan’s first professor of architecture. Renovated, and updated in 2018 and the current home to Redeemer Ann Arbor. This stunning Gothic style property is ideally located a block from U of M’s central campus and features architectural details throughout, a private courtyard entrance, exterior wheelchair lift, and passenger elevator. Main level offers an open floor plan with high ceilings, hardwood floors, full kitchen, and plenty of storage. Beautiful, spacious 2nd floor chapel filled with natural light, stained glass windows, a vaulted ceiling, and peaked skylight. Lower level, currently being used as a nursery, also features a mechanical room, storage, and 2 barrier-free bathrooms.

Terrific location, surrounded by local businesses, and restaurants. Would make a great office or renovated for a personal residence.

Property is +/- 3,000 SF (2,000 SF above grade w/ approximately 1,000 SF in lower level).

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: City of Ann Arbor
Tax ID/APN: 09-09-29-400-029
Zoning: D1
Property Located Between: Maynard and S State Street
Property Visibility: Excellent
Highway Access: M-14, I-94
Airports: Ann Arbor Municipal, Detroit Metropolitan
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1878
Year Renovated: 2018
Roof Type: Gable
Construction/Siding: Brick
Passenger Elevators: 1
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: D1 - Downtown Core District. This district is intended to contain the downtown's greatest concentration of development and serves as a focus for intensive pedestrian use. This district is appropriate for high-density mixed residential, office, and commercial development.
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: available with title commitment
Land Ownership: Owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 34,404 117,693 166,550
Median Age: 24.5 33.48 34.25
Households: 11,301 48,427 69,184


Photograph of Listing Agent

James H. Chaconas

Colliers International
CPIX Member
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