Downtown Office Building

Office for Sale
Sale Pending/Contingent
Also listed as Retail-Commercial
Catylist Listing ID: 30852490
Property Subtypes: Mixed Use, Office Building
Status: Pending/Contingent
Building Size (RSF): 1,008 SF
Gross Building Area: See Agent
Gross Land Area: 0.10 Acres
Sale Price: $1,150,000
Unit Price: $1,140 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/25/2023

Overview / Comments

Ideal downtown Ann Arbor corner location. Currently a small office building, but a prime spot for redevelopment. D-1 Zoning allows for main potential uses including a multi-family dwelling, hotel, bed & breakfast, commercial uses, restaurant/bar, theater, etc.

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: 09-09-29-146-006
Property Located Between: W Washington Street and W Liberty Street
Property Visibility: Excellent
Highway Access: M-14, I-94
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1960
Roof Type: Flat
Parking Type: Surface
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: provided with legal description
Legal Description: N 60 FT M/L OF E 80 FT LOT 8 B2S R2E ORIGINAL PLAT OF ANN ARBOR

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 32,636 111,714 163,118
Median Age: 26.71 33.34 34.29
Households: 11,945 45,459 67,516


Photograph of Listing Agent

James H. Chaconas

Colliers International
CPIX Member
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