5240 Territorial RdAnn Arbor, MI 48105

Property Details for 5240 Territorial Rd

Year built

1925

Lot size

1.17 AC

Property size (Sq ft)

1,628 SF

Property type

Commercial real estate

APN

A -01-30-300-043

APU

A0130300043

Description

This exceptional 1,628 square foot office building, situated on a desirable 1.51-acre corner lot in Ann Arbor's Salem Township (zip code 48105), presents a unique investment opportunity. Built in 1925, this two-story building currently functions as a dental office but offers remarkable versatility for adaptation to general or medical office spaces. The property is zoned OC (Office Commercial), allowing for a range of professional uses. Key features include a full basement providing ample storage, extensive on-site parking, and the potential for future expansion given the generous lot size. The address is 5240 North Territorial, Ann Arbor, Michigan. The Assessor's Parcel Number (APN) is A-01-30-300-029/043. This charming farmhouse-style building offers a blend of character and functionality, making it an attractive option for a variety of businesses seeking a well-located and adaptable space. The property's location in Ann Arbor, Michigan, provides easy access to major roadways and a thriving professional community. The building's existing infrastructure and zoning make it a ready-to-occupy or easily renovated space, presenting a compelling opportunity for immediate use or future development. The asking price is $375,000.

• Alternative Use

  Use

  Valuation

  Residential

  $318,997

  Hospitality

  $292,200

  Educational

  $243,107

  Medical

  $251,468

  Retail

  $378,166

Location Insight

City

Ann Arbor

County

Washtenaw

State

Michigan

Latitude

42.3652

Longitude

-83.6566

CBSA code

11460

CBSA name

ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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