Ann Arbor Professional Office Property
Office
for Sale
| Catylist Listing ID: |
30793853 |
| Property Subtypes: |
Medical, Mixed Use, Office Building
|
| Building Size (RSF): |
2,030 SF
|
| Gross Land Area: |
0.21 Acres
|
| Sale Price: |
$695,000 |
| Unit Price: |
$342.36 PSF |
| Property Use Type: |
Business |
| Usable Size (USF): |
2,030 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/5/2023 |
Overview / Comments
Recently updated professional office property and 2nd floor residential unit on the edge of downtown Ann Arbor. The property, along with 12 parking spaces, lends itself to any professional office use or medical use. The property has operated as a dental office for the last 50 years and was extensively updated in 2015. The main floor features a waiting room, reception desk, fives offices, small lab space, and restroom facilities. The lower level buildout provides significant storage space with a separate large common area currently used as a break room.
The property includes a separate apartment unit that is accessed through a dedicated entrance. The unit is presently being used by the current owner as overflow office space but is set up and designed to function as a residential unit.
Great location with close proximity to Ann Arbor's central business district and the University of Michigan. One of Ann Arbor's premier city parks is located immediately behind the property.
|
Additional Details
| Nearest MSA: |
Ann Arbor |
| County: |
Washtenaw |
| Submarket/Township: |
Washtenaw W of 23 |
| Taxing Authority: |
City of Ann Arbor |
| Tax ID/APN: |
09-09-29-215-049 |
| Zoning: |
R4C |
| Property Located Between: |
Seventh Avenue & Chapin Street |
| Property Visibility: |
Excellent |
| Area Description: |
Ann Arbor is many things, including a bustling university town, culinary hotspot, and a tech hub with a walkable downtown that includes world-class arts and culture. Located in southeast Michigan's Lower Peninsula, Ann Arbor lies at the center of a greater collection of communities in Washtenaw County. With so many thriving communities nearby, Ann Arbor has become a cultural melting pot and urban oasis. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Year Renovated: |
2015 |
| Roof Type: |
Gable |
| Construction/Siding: |
Wood Siding |
| Parking Type: |
Surface |
| Parking Description: |
12 Parking Spots |
| Total Parking Spaces: |
12 |
| Heat Source: |
Baseboard |
| Zoning Description: |
R4C |
| Lot Frontage: |
54 |
| Lot Depth: |
200 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
27,505 |
103,720 |
152,679 |
| Median Age: |
32.23 |
33.15 |
34.41 |
| Households: |
12,394 |
41,775 |
63,109 |
|
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