416 4th St - Office/Residential FOR SALE


Ann Arbor, MI 48103- Old West Side
$2,900,000 USD
734-994-3100
416 4th St, Ann Arbor, MI for Sale
$2,900,000 USD
Office/Residential - FOR SALE
1/3
null | Request Cap Rate

416 4th St
Ann Arbor, MI 48103
Old West Side


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$137 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1902

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

M1

APN/PARCEL ID

09-29-311-019

ASK ABOUT THIS PROPERTY

Jim ChaconasColliers InternationalMore Info
734-994-3100

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Jim ChaconasColliers InternationalMore Info
734-994-3100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.