401 Morgan RdAnn Arbor, MI 48108

For Lease
$26/SF/YR View listing
  • Commercial real estate
  • 8.93 AC

Property Details for 401 Morgan Rd

Year built
1994
Lot size
8.93 AC
Property type
Commercial real estate
APN
L -12-21-200-030
APU
L1221200030

Description

This single-story, 33,000 square foot multi-tenant industrial building in Ann Arbor, Michigan, is perfectly suited for research and development, or medical uses. Located at 401 W Morgan Rd, 48108, this 1994-built facility sits on an 8.93-acre lot with 528 feet of frontage on State Street and is zoned BD. The building offers flexible space options, with a minimum divisible unit of 400 square feet and a maximum contiguous space of 28,000 square feet. Features include a 20-foot ceiling height, two loading docks, one drive-in door, and 108 parking spaces. The property boasts extensive infrastructure for laboratory use, including wet and dry lab options, pressurized and vacuum air, various water sources, fume hoods, central exhaust systems, and 220 AMP power. Shared amenities for tenants include a commercial autoclave, freezers, a cell plate reader, and emergency backup power. Beyond the lab space, there's ample office space (both bullpen and private offices), three shipping/receiving wells, three conference rooms, a kitchen, café area, and an outdoor patio. This turnkey facility offers on-site management and ownership. The property's Washtenaw County location, specifically in the Washtenaw W of 23 submarket, provides excellent access to Ann Arbor's thriving research community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $76,220,592
    Hospitality
    $69,817,648
    Educational
    $58,087,464
    Medical
    $60,085,180
    Retail
    $90,358,280
401 Morgan Rd, Ann Arbor, Michigan

Location Insight

City
Ann Arbor
County
Washtenaw
State
Michigan
Latitude
42.2142
Longitude
-83.7324
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
$572
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-
-
-
-
-
-

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