For Sale
$4,750,000

3055 Plymouth Rd Ann Arbor, MI 48105

18,204 SF Office Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a 18,204 square foot, two-story office building situated on a 2.9-acre lot in Ann Arbor, Michigan. Currently 92% occupied, the property boasts abundant parking and prominent building signage. The building, constructed in 1984, features basement storage and is ideally located on Plymouth Road between Nixon and Green Roads, directly on an AATA bus line, one mile from US-23, and two miles from downtown Ann Arbor. Recently rezoned TC1 (Transit Corridor), this prime location offers significant redevelopment potential for mixed-use projects, including multi-family residential, aligning with the city's master plan for sustainable, transit-oriented development. The asking price is $4,750,000, translating to $260.93 per square foot. The property's APN is 09-09-14-300-075. The TC1 zoning allows for a variety of uses, replacing previous designations like O, RE, ORL, C2B, C3, P, R5, and M1 in this specific transit-oriented context. This presents a unique chance to capitalize on Ann Arbor's thriving market and contribute to its evolving urban landscape. The property's strategic location and flexible zoning make it an attractive prospect for both investors and developers seeking a high-return opportunity in a desirable location.

Highlights

  • Ann Arbor City recently rezoned property to TC1.
  • Multi-family and commercial redevelopment potential.
  • 92% occupied medical/office building; proforma available upon request.
  • Excellent AATA bus line accessibility.

Property Details for 3055 Plymouth Rd

Property type
Office properties
Square Feet
18,204 SF
Year Built
1984
Buildings
1
Stories
2
Lot Size (sq. ft)
126,324 SF

Location Insight

City
Ann Arbor
County
Washtenaw
State
Michigan
Latitude
42.3033017
Longitude
-83.7011707

FAQs

What type of property is this?
Office property - 18,204 SF Office Building, High Occupancy
Where is the office property located?
The property is located at 3055 Plymouth Rd Ann Arbor, MI.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Ann Arbor City recently rezoned property to TC1.; Multi-family and commercial redevelopment potential.; 92% occupied medical/office building; proforma available upon request.
How can I contact the broker?
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3055 Plymouth Rd
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