3754 Ranchero DrAnn Arbor, MI 48108

Property Details for 3754 Ranchero Dr

Year built

2004

Lot size

3.06 AC

Property size (Sq ft)

13,330 SF

Property type

Office buildings

APN

L -12-08-310-027

APU

L1208310027

Description

This exceptional 12,887 square foot office building, situated at 3754 Ranchero Drive in Ann Arbor, Michigan, presents a unique opportunity. Built in 2005, this single-story Class B property offers a blend of rural tranquility and unparalleled convenience. The building boasts a beautiful brick exterior with abundant natural light from its expansive windows. Inside, you'll find high-end finishes and private entrances, creating a sophisticated and professional atmosphere. The property features exceptional landscaping, including mature trees, scenic ponds, and streams, providing a peaceful and productive work environment. Its location offers easy access to I-94, placing it just eight minutes from downtown Ann Arbor and the University of Michigan's central campus. The entire 12,887 square foot space is currently vacant, offering a blank canvas for your business needs. The asking price is $1,848,000, translating to $143.40 per square foot. The property is zoned BI and includes ample parking. This is an ideal location for businesses seeking a combination of modern amenities, a peaceful setting, and excellent accessibility. The high bay space with a separate entrance adds to the versatility of this property. Don't miss this chance to acquire a premier office space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,281,935

  6.5%

  $2,106,402

  7%

  $1,955,944

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,246,888

  Geo Method

  $1,246,888

• Alternative Use

  Use

  Valuation

  Residential

  $2,611,938

  Hospitality

  $2,392,521

  Educational

  $1,990,550

  Medical

  $2,059,008

  Retail

  $3,096,410

Location Insight

City

Ann Arbor

County

Washtenaw

State

Michigan

Latitude

42.2331

Longitude

-83.7558

CBSA code

11460

CBSA name

ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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