Catylist ID:
#30678758
Ann Arbor Office Investment Building - For Sale
Office
for Sale
| Catylist Listing ID: | 30678758 |
| Property Subtypes: | Office Building |
| Building Size (RSF): | 31,000 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 1.75 Acres |
| Sale Price: | $2,950,000 |
| Unit Price: | $95.16 PSF |
| Property Use Type: | Investment |
| Class of Space: | Class B |
| Sale Terms: | Cash to Seller |
| Last Updated: | 1/25/2021 |
Overview / Comments
|
Two-story Ann Arbor office building for sale. Ideal investment opportunity. Plenty of on-site parking. Great location just minutes from the Briarwood Mall / business area and downtown Ann Arbor. Adjacent to 'The George', a new construction retail, office and residential complex. Close to hotels, restaurants and residential neighborhoods. More lease and tenant information available with confidentiality agreement. |
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: | 09-12-04-403-020 |
| Zoning: | C1 - COMMERCIAL |
| Property Located Between: | King George Boulevard and Pine Valley Boulevard |
| Property Visibility: | Excellent |
| Highway Access: | I-94, US-23 |
| Airports: | Detroit, Ann Arbor, Willow Run |
| Area Description: | The Ann Arbor area is a friendly community with big-city sophistication; a world-class educational and high-tech research center nestled in a quintessential college town; a close-knit community of charming neighborhoods with a rich mix of cultures. The Ann Arbor campus has plenty to inspire and entertain. Ranked as the #2 Best College Town in America, Ann Arbor and the University of Michigan go together like Maize and Blue! With more than 43,000 undergrad and graduate students, campus life is interwoven with city life. Ann Arbor is a successful tech hub, attracting entrepreneurs, start-ups and tech giants such as Google. The talent pool and resources rival that of Silicon Valley but with a Midwestern culture and relatively lower cost of living than the Bay Area or New York City. Ann Arbor is the perfect climate for tech companies to find success, stability and growth. Although geographically small, the area is perhaps most renowned for its entertainment, athletics, cultural offerings, dining experiences and nightlife. On almost any given weekend, a visit to Ann Arbor will coincide with one of the many festivals and special events hosted in Ann Arbor. Two of the most recognizable traditions are the Ann Arbor Art Fair and University of Michigan football. Every July, the award-winning Ann Arbor Art Fair transforms the downtown streets into an art gallery featuring thousands of juried artists. In the fall, each football Saturday brings more than 100,000 people to town for tailgating and fill "The Big House" to watch the University of Michigan Wolverines. In the winter, holiday light festivals and the Ann Arbor Folk Festival are always crowd pleasers. April brings the thaw and a weekend unlike any other as we celebrate whimsy during FoolMoon and FestiFools. Described as an urban oasis, the Ann Arbor area is also the perfect four season destination for outdoor enthusiasts. You'll discover golf courses, trails groomed for hiking and cross-country skiing, some of the best canoeing and kayaking in southeastern Michigan along the twelfth nationally recognized water trail — the Huron River. |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Typical SF / Floor: | 15,000 SF |
| Year Built: | 1969 |
| Year Renovated: | 2009 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Parking Type: | Surface |
| Parking Description: | Plenty of on-site parking. |
| Total Parking Spaces: | 140 |
| Heat Type: | Natural Gas |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Internet Access: | Cable |
| Zoning Description: | C-1 local business district. (1) Intent. A business district designed solely to serve the needs of the surrounding residential neighborhood, providing goods that are day-to-day needs and are classed by merchants as "convenience goods and services." The normal spacing between these shopping districts is approximately 1 mile, and the total land area averages 2 acres. Businesses which might tend to be a nuisance to the immediately surrounding residential development are excluded, even though the goods or services offered might be in the convenience category or classification. The regulations are designed to permit development of the enumerated functions as limited by the standards designed to protect the abutting or surrounding residential land. To these ends, the regulations establish standards comparable to the standards for residential districts resulting in similar area, height and placement regulations. (2) Permitted principal uses. (a) Any permitted principal use in the R4 multiple-family dwelling districts. (b) Any permitted principal use in the "O" office district, subject to the regulations of the office district, provided each such use occupies a total gross floor area of not more than 8,000 square feet. (c) Retail sales of the following; provided each such use occupies a total gross floor area of not more than 8,000 square feet. 1.Food. 2.Apparel and accessory items. 3.Food and beverages at eating and drinking places having a total seating capacity of not more than 50 seats. 4.Variety and general merchandise. 5.Furniture, home furnishings and equipment stores. 6.Auto parts items without service. 7.Hardware and paint, glass and wallpaper. 8.Miscellaneous retail items including but not limited to: drugs, alcoholic beverages from S.D.D. and S.D.M. licensed establishments; antiques; flowers; pets without outdoor facilities; bicycles and service; sporting goods; jewelry; gifts and novelties; books; cameras; other shopping goods stores. (d) Shops providing the following personal services including but not limited to the following, provided each use occupies a total gross floor area of not more than 8,000 square feet. 1.Barber and beauty. 2.Dry-cleaning, laundry pick-up service and self-serve. 3.Shoe shine and shoe repair. 4.Garment alteration and repair. 5.Photography. Visit City of Ann Arbor Zoning for more information. |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | PRT SE 1/4 SEC 4 T3S R6E COM AT SE COR LOT 93 PINE VALLEY ESTATES NO 2 TH S 32 DEG 01 MIN 50 SEC E 7.40 FT TO POB; TH CONT S 32 DEG 01 MIN 50 SEC E 139.26 FT TH S 56 DEG 39 MIN 20 SEC W 550 FT TH N 32 DEG 01 MIN 50 SEC W 139.26 FT TH N 56 DEG 39 MIN 20 SEC E 550 FT TO POB |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 13,247 | 107,836 | 191,487 |
| Median Age: | 37.87 | 33.3 | 34.65 |
| Households: | 6,232 | 44,920 | 77,945 |
| The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions. |
