4343 Concourse DrAnn Arbor, MI 48108

Property Details for 4343 Concourse Dr

Year built

2003

Lot size

10.44 AC

Property size (Sq ft)

36,801 SF

Property type

Office buildings

APN

L -12-16-200-030

APU

L1216200030

Description

This exceptional Class A office building, constructed in 2004, offers 37,000 square feet of versatile space in a highly desirable Ann Arbor location. The property, situated at 4343 Concourse Drive, boasts a convenient Southeast Ann Arbor (Pittsfield Township) location, offering easy access to I-94, Costco, thriving commercial areas, and the Briarwood Mall. The building features a three-story design with abundant natural light provided by numerous windows. Individual HVAC systems ensure climate control flexibility for each tenant. Currently, 4,780 square feet of office space is immediately available for lease. The building is zoned for office use and features a single building with three stories. The property's address is 4343 Concourse Drive, Ann Arbor, Michigan, 48108, and is located southeast of the Ellsworth and State Street intersection. The parcel number is L-12-16-200-030 in Washtenaw County. This property is ideal for businesses seeking a modern, efficient, and conveniently located office space in a thriving commercial area. The building's multiple tenancy allows for flexibility in lease terms and space requirements. This is a rare opportunity to secure premium office space in a highly sought-after Ann Arbor location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,299,888

  6.5%

  $5,815,280

  7%

  $5,399,904

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,442,366

  Geo Method

  $3,442,366

• Alternative Use

  Use

  Valuation

  Residential

  $7,210,948

  Hospitality

  $6,605,190

  Educational

  $5,495,440

  Medical

  $5,684,437

  Retail

  $8,548,463

Location Insight

City

Ann Arbor

County

Washtenaw

State

Michigan

Latitude

42.2245

Longitude

-83.732

CBSA code

11460

CBSA name

ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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