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.

Attachments & Media

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

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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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