4750 Venture DrAnn Arbor, MI 48108

Property Details for 4750 Venture Dr

Year built

1988

Lot size

4.12 AC

Property size (Sq ft)

47,200 SF

Property type

Office buildings

APN

L -12-16-355-042

APU

L1216355042

Description

The State Tech Center, located at 4750 Venture Dr, Ann Arbor, MI 48108, offers a diverse range of office solutions in the Ann Arbor South submarket. This single-story, 47,000 square foot Class B building, renovated in 2024, provides flexible options for businesses of all sizes. With four total suites, the property offers spaces ranging from a minimum of 100 square feet to a maximum contiguous space of 10,000 square feet, currently boasting 10,000 square feet of vacant space. The building caters to various needs, encompassing traditional office, flex, and coworking spaces. Amenities include ample parking with 150 spaces, two loading docks, and a 15-foot ceiling height. The property is zoned commercial and features 240 3-phase power. Its convenient location at the intersection of State St. and Runway Blvd. makes it easily accessible. Built in 1988, this property offers a blend of established infrastructure and recent upgrades, providing a modern and functional workspace. The property is ideal for businesses seeking a flexible and well-equipped office environment in a thriving Ann Arbor location.

• CAP approach

  CAP return

  Valuation

  6%

  $8,080,071

  6.5%

  $7,458,527

  7%

  $6,925,775

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,415,088

  Geo Method

  $4,415,088

• Alternative Use

  Use

  Valuation

  Residential

  $9,248,573

  Hospitality

  $8,471,643

  Educational

  $7,048,308

  Medical

  $7,290,710

  Retail

  $10,964,034

Location Insight

City

Ann Arbor

County

Washtenaw

State

Michigan

Latitude

42.2179

Longitude

-83.733

CBSA code

11460

CBSA name

ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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