Office Suite For Sale in Ann Arbor

Office for Sale
Catylist Listing ID: 30288349
Property Subtypes: Medical, Office Building
Building Size (RSF): 8,120 SF
Gross Land Area: 0.77 Acres
Sale Price: $1,600,000
Unit Price: $197.04 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 8,120 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/14/2020

Overview / Comments

Office / Medical building with two suites - 8,120 SF total.

Suite 3125: 3,064 SF, formerly used as Autism Treatment Clinic

Suite 3131: 5,056 SF, formerly used as "Bio Energy Medical Center"

Located near other medical facilities, retail, grocery, service businesses in the popular Washtenaw Av.–Huron Parkway neighborhood. Washtenaw Avenue serves as one of Ann Arbor's main thoroughfares between US-23 and downtown Ann Arbor/ U of M Campus.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $42,590 (Annual)

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: City of Ann Arbor
Tax ID/APN: 091202204058
Zoning: OFFICE
Property Located Between: 1 block S. of Washtenaw Av., west off S. Huron Pkwy.
Property Visibility: Good
Highway Access: US-23 at Washtenaw Av., .8 mi east of this building.
Airports: DTW, Ann Arbor
Site Description: Area of professional & medical 1-story smaller professional office buildings.
Area Description: Washtenaw Avenue/Huron Parkway--Very close proximity to Barnes & Noble, Whole Foods, and numerous other shopping, restaurant and service businesses.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,120 SF
Year Built: 1972
Year Renovated: 2013
Roof Type: Hip
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central, Ceiling Units
Air Conditioning: Package Unit
Zoning Description: Intent. This district is primarily for office buildings. The office district classification will be applied as a transitional use buffer between residential uses and uses which would be incompatible in direct contact with residential districts. (2)Permitted principal uses. (a)Executive and administrative offices for establishments whose plants, warehouses or outlets are not permitted in the "O" district. (b)Any office in which goods, wares or merchandise are not commercially created, displayed, stored, exchanged or sold, such as the following: 1.Business offices of a public utility, real estate, insurance, commercial or industrial establishment. 2.Offices of physicians, dentists and other health practitioners; legal, engineering, architectural and surveying services; accounting, auditing and bookkeeping services. 3.Finance, insurance and real estate offices; travel bureau; and banks. 4.Government offices. 5.Business services such as: advertising, consumer credit reporting agencies, mailing list and stenographic services, business and management consulting services. 6.Office of nonprofit organizations, such as professional membership organizations, labor unions, civic, social and fraternal associations, political organizations and religious organizations. 7.Beauty salons providing beauty treatments such as hair cutting, coloring and styling; hair removal; manicure; pedicure; skin care; and therapeutic massage. Incidental sales of products used in the salon shall occupy no more than 25% of the total floor area. (c)Any permitted principal use of the R4B dwelling district, subject to all of the applicable use regulations of the R4B district. (d)Artists' studios, provided no more than 25% of the total floor area of the studio is used for the display and sale of articles which are produced in the studio. (e)Funeral homes. (f)Private colleges, universities and other institutions of higher learning, offering courses in general, technical or religious education. (g)Hotels. (h)The City Council may, by resolution, designate certain dates and locations as special events temporary outdoor sales areas. The resolution shall include conditions and standards of conduct to be in force for outdoor sales and displays on private property. A property owner who wishes to conduct outdoor sales and displays on his or her private property, as provided for in the Council resolution, shall first apply for and receive a zoning compliance permit by the date designated in the resolution. The conditions and standards contained in the resolution shall be conditions of the zoning compliance permit issued to a property owner. Failure to comply with the conditions set in the resolution shall be a violation of this ordinance section and shall be grounds to revoke all permits granted to the property owner for the duration of the special event identified in the resolution. (3)Special exception uses pursuant to section 5:104. (a)Veterinary hospitals and kennels providing medical, surgical, boarding, grooming and bathing facilities for small nonfarm animals such as dogs, cats and birds. All facilities must be completely enclosed in a sound proof building in such a way as to produce no objectionable odors at the lot lines. (b)Indoor court game facilities, including, but not limited to, handball, racquetball, paddleball, squash, ping-pong and similar uses, when located in an enclosed building. (c)A drive-thru facility that is an accessory to a permitted principal use in the O office district, provided that the facility is not located between a street and the principal building, and the vehicular circulation to enter and exit the facility does not impair the general vehicular circulation on the site or the pedestrian circulation on and off the site.
Lot Frontage: 160
Lot Depth: 177
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Shared entrance off Professional Drive with 3115 Professional Dr. bldg.
Legal Description: Pt of Parkway Plaza Sub.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,835 104,288 198,736
Median Age: 38.46 31.32 33.81
Households: 4,326 43,445 81,432

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