4130 Varsity DrAnn Arbor, MI 48108

  • Office buildings
  • 8,050 SF
For Sale
$1,300,000 View listing

Property Details for 4130 Varsity Dr

Year built
2001
Lot size
2.35 AC
Property size (Sq ft)
8,050 SF
Property type
Office buildings
APN
L -12-16-101-005
APU
L1216101005

Description

This exceptional 6,000-square-foot single-tenant flex space in Ann Arbor, Michigan, is ideally situated at 4130 Varsity Drive, offering convenient access to E Ellsworth Road, S State Street, and I-94. Built in 2001, the property boasts a prime location near downtown Ann Arbor, Saline, and surrounding communities. The well-maintained building features ample natural light, a welcoming reception area and lobby, a spacious conference room, multiple private offices, an open workspace perfect for collaboration, and a convenient kitchenette. In addition to the office space, there's a substantial approximately 1,297-square-foot warehouse component with a 16-foot ceiling and a roll-up door, ideal for storage or light industrial use. The property is zoned for Business District use (APN: L-12-16-101-005) and includes 20 parking spaces and one drive-in bay. This versatile space is perfect for a variety of businesses seeking a blend of office and warehouse functionality in a highly accessible location. The property is located in Ann Arbor, MI, 48108, and has frontage on Varsity Road and is easily accessible from Varsity Drive and E Ellsworth Road. The building consists of one structure.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,378,063
    6.5%
    $1,272,058
    7%
    $1,181,197
  • Comparable approach

    Method
    Valuation
    Relative Method
    $752,997
    Geo Method
    $752,997
  • Alternative Use

    Use
    Valuation
    Residential
    $1,577,352
    Hospitality
    $1,444,846
    Educational
    $1,202,095
    Medical
    $1,243,437
    Retail
    $1,869,925

Location Insight

City
Ann Arbor
County
Washtenaw
State
Michigan
Latitude
42.2264
Longitude
-83.7275
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
$37,682
-
-
$725,822
-
-
-
$1,451,644

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