FREESTANDING OFFICE BUILDING

Office for Sale
Catylist Listing ID: 30139375
Property Subtypes: Business Park, Office Building, Research & Development
Building Size (RSF): 7,800 SF
Gross Land Area: 3.05 Acres
Sale Price: $1,200,000
Unit Price: $153.85 PSF
Ceiling: 14 ft.
Property Use Type: Vacant/Owner-User
Building Name: Stauder BARCH & Associates, Inc.
Class of Space: Class B
Usable Size (USF): 7,800 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/21/2017

Overview / Comments

Freestanding office building in Research Park. Over 40 parking spaces, great location, close to new hotels, restaurants and Costco. Easy access to I-94 and University of Michigan. New HVAC and newer roof. Well maintained, move in ready.

Furniture and computers are included if purchaser desires. Possible income from leasing parking to Subaru. They are currently on a month-to-month lease.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $26,400 (Annual)
Assessed Value - Total($) $535,700 (Annual)

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: City of Ann Arbor
Tax ID/APN: 09-12-09-301-004
Zoning: RE
Property Located Between: East of South State Street & North of East Ellsworth
Property Visibility: Good
Highway Access: Easy access to I-94 at the State Street Exit (#177) and US-23.
Airports: Ann Arbor Airport, Willow Run & Detroit Metro
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,800 SF
Year Built: 1971
Roof Type: Flat
Parking Ratio: 5.4 (per 1000 SF)
Parking Type: Surface
Parking Description: Ample parking at the rear of the building.
Total Parking Spaces: 42
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: RE research district. Intent. This district is designed for research facilities to serve the needs of commerce, industry, business and education. The prime characteristics of this district are the low intensity of land coverage by utilizing campus-like developments and preserving significant natural features, and the absence of nuisance factors such as excess noise, heat or glare, air pollution or waste water production. Permitted principal uses. Research, development, design, testing, technical training, and related activities for industrial, scientific, educational, and business enterprises. Laboratories for the research, development and testing of, including, but not limited to, medical, optical, dental and pharmaceutical products. Offices for the following occupations: executive, administrative, and professional, including engineering and engineering sales, but excluding medical and dental offices. Data processing and computer centers including computer programming and software development, training, and services and maintenance of electronic data processing equipment. Pilot manufacturing facilities for engineering, laboratory, scientific, electronic and research instruments and associated equipment. Printing, publishing, duplicating and photographic processing. Permitted accessory uses. Enclosed storage or maintenance buildings. Warehousing, storage, shipping and receiving of materials used on the premises. Required conditions. All uses established in the RE district must comply with the following requirements: Outdoor storage of equipment, goods, or materials shall be within an enclosed building or contained within an opaque, screened or fenced-in area. All ingress and egress shall be screened from residential zoning districts and no parking shall be allowed within a required open space that abuts a residential zoning district. No process carried on within the building shall cause noise discernible at the lot lines in excess of the average intensity of street and traffic noise at the lot lines, nor any production of heat, glare, dust, vibration, light, or odor discernible at the property lines. All hazardous materials, waste, and wastewater associated with use shall be handled and disposed of in a manner that is not dangerous to the health and safety of the abutting areas. The emissions of air pollution shall not be detrimental to the public welfare.
Lot Frontage: 260
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lot 19 Research Park

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,526 71,290 169,851
Median Age: 34.45 35.26 34.45
Households: 2,460 29,522 70,022

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