310 Ann StAnn Arbor, MI 48104

  • Commercial real estate
  • 0.97 AC
For Sale
$7,900,000 View listing

Property Details for 310 Ann St

Year built
1930
Lot size
0.97 AC
Zone code
D2
Property type
Commercial real estate
APN
09-09-29-214-047
APU
90929214047

Description

This exceptional 0.96-acre property at 310 W Ann St, Ann Arbor, MI 48104, presents a rare redevelopment opportunity in a vibrant downtown location. The 42,000 square foot site is listed at $7,900,000 ($188.10/sq ft) and is zoned D-2 (Downtown District), making it ideal for various high-value developments. Its strategic location between Huron and Miller Streets offers easy access to M-14 via N Main Street, providing excellent connectivity. The property's proximity to the heart of downtown Ann Arbor ensures convenient access to a wealth of dining, entertainment, and cultural attractions. This prime real estate is perfect for multi-family housing projects, catering to the growing demand for downtown living, or hospitality ventures, capitalizing on Ann Arbor's appeal to tourists and business travelers. The substantial scale of this land parcel, rarely available in such a sought-after urban setting, presents developers with an unparalleled chance to create a landmark project that will significantly contribute to Ann Arbor's skyline. Whether the vision is luxury apartments, a boutique hotel, or a mixed-use development, this property offers the potential to become a cornerstone of Ann Arbor's future. The property is within walking distance of courthouses and a bus line.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $8,245,142
    Hospitality
    $7,552,506
    Educational
    $6,283,596
    Medical
    $6,499,699
    Retail
    $9,774,483

Location Insight

City
Ann Arbor
County
Washtenaw
State
Michigan
Latitude
42.2827
Longitude
-83.7517
CBSA code
11460
CBSA name
ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$29,039
-
-
$1,206,500
-
-
-
$2,413,000

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