205 Washington St Ann Arbor, MI 48104

This exceptional three-story, 13,850-square-foot mixed-use investment property is located at 205 E Washington St in Ann Arbor, Michigan's vibrant downtown core. The property boasts a 100% occupancy rate with four tenants, including a prominent anchor tenant, operating under a triple-net lease structure. This ensures minimal landlord responsibilities and provides a stable income stream with a current NOI of $333,684 and a 6.24% cap rate. The asking price is $5,350,000. Situated in the D1, Downtown Core District, this strategically located asset benefits from its proximity to the University of Michigan, a top-ranked public university, resulting in high foot traffic and excellent visibility. The property's diverse tenant mix, encompassing QSR/Fast Food, Restaurant, and Executive Office spaces, caters to the area's dynamic population and workforce. With a strong anchor tenant and a robust local economy, this investment presents a rare opportunity to acquire a high-value, stabilized property in a thriving market. The property's location within a densely populated area with high demand for housing presents potential for future repurposing of the office space. The property is a fee simple ownership opportunity. The Washtenaw County property has an APN of 09-09-29-127-007.