4325 Concourse DrAnn Arbor, MI 48108

Property Details for 4325 Concourse Dr

Year built

1994

Lot size

2.36 AC

Property size (Sq ft)

10,178 SF

Property type

Office buildings

APN

L -12-16-200-029

APU

L1216200029

Description

This 10,178-square-foot single-tenant flex space, built in 1994, is ideally situated off S State Street, across from the Ann Arbor Municipal Airport, and just south of I-94. Its convenient location provides easy access to downtown Ann Arbor, Saline, Ypsilanti, and surrounding communities. The property features a well-maintained building with a combination of office and warehouse space. The office area includes a lobby, reception area, private offices, a conference room, open workspaces, and restrooms. The warehouse component boasts a 16-foot ceiling height and one drive-in bay door. The building sits on a 2.36-acre lot and is zoned for Business District use. The property includes ample parking with approximately 48 spaces. The current floor plan is adaptable, with the landlord open to modifications to increase warehouse space as needed. The property is currently vacant and available for immediate occupancy. The owner is considering offers for sale. The property's APN is L-12-16-200-029. This is a rare opportunity to acquire a versatile and well-located flex space in a thriving Ann Arbor market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,742,351

  6.5%

  $1,608,324

  7%

  $1,493,444

• Comparable approach

  Method

  Valuation

  Relative Method

  $952,050

  Geo Method

  $952,050

• Alternative Use

  Use

  Valuation

  Residential

  $1,994,322

  Hospitality

  $1,826,788

  Educational

  $1,519,866

  Medical

  $1,572,137

  Retail

  $2,364,236

Location Insight

City

Ann Arbor

County

Washtenaw

State

Michigan

Latitude

42.2239

Longitude

-83.7339

CBSA code

11460

CBSA name

ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].