310 Main StChelsea, MI 48118

Property Details for 310 Main St

Lot size

1.00 AC

Property size (Sq ft)

27,410 SF

Zone code

C5 CENT

Property type

Office properties

Property subtype

Office buildings

APN

06-06-12-111-001

APU

60612111001

Description

This exceptional mixed-use office building, a landmark in downtown Chelsea's Clocktower Complex, offers 27,410 square feet of space across three stories. Built in 1907, this Class B property boasts a charming historic character, complemented by modern conveniences. Currently, 5,795 square feet are available for lease, divisible into units ranging from 1,046 to 2,662 contiguous square feet. The building features one passenger elevator and is situated on a one-acre lot at the intersection of E Middle Street and North Street, benefiting from high foot traffic. The C-5 zoning allows for a variety of commercial uses. The property includes convenient on-site parking, supplemented by nearby public lots and street parking. The building's common areas are shared with retail and hospitality businesses, creating a vibrant and convenient work environment. Light-filled and spacious, these available suites are ready for immediate occupancy. The property's location within the Clocktower Complex and its proximity to other local businesses and retail establishments make it an ideal location for a variety of businesses. The building's address is identified by APN 06-06-12-111-001, and it's situated in the Washtenaw W of 23 submarket cluster within Ann Arbor. This unique opportunity combines historic charm with modern functionality in a prime downtown location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,692,262

  6.5%

  $4,331,318

  7%

  $4,021,938

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,563,932

  Geo Method

  $2,563,932

• Alternative Use

  Use

  Valuation

  Residential

  $5,370,834

  Hospitality

  $4,919,656

  Educational

  $4,093,096

  Medical

  $4,233,864

  Retail

  $6,367,038

Location Insight

City

Chelsea

County

Washtenaw

State

Michigan

Latitude

42.3196

Longitude

-84.0202

CBSA code

11460

CBSA name

ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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