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416 4th St 21,153 SF Office Building Ann Arbor, MI 48103 $2,900,000 ($137.10/SF)
Executive Summary
This 21,153 SF, four-story property on a 0.60-acre parcel offers a rare opportunity for redevelopment in Ann Arbor’s Old West Side Historic District. Surrounded by residential properties, offices, and educational facilities, the site is just a short walk from downtown Ann Arbor. Currently zoned M-1 Limited Industrial, the City of Ann Arbor’s draft future land use designates the property for residential, with support anticipated for rezoning to a residential category or PUD. While the historic designation prevents vertical expansion, the property’s ample parking and fire suppression system make it an ideal candidate for multi-family residential redevelopment.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
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| Taxes |
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
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| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
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| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
21,153 SF
Building Class
C
Year Built
1902
Price
$2,900,000
Price Per SF
$137.10
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
5,288 SF
Slab To Slab
10’
Building FAR
0.75
Lot Size
0.65 AC
Zoning
M1 - Commercial Zoned District
Parking
29 Spaces (1.37 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Central Heating
- Air Conditioning
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Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (90)
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Videos
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Photos
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Street
Map
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416 4th St
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